Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.049%

Price spread now: Perpl against Deribit+0.008%7-day average −0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 3 days (all we have)−0.259%−$26 · spread now +0.008%, 7d avg −0.007%

Together, before fees−0.097%+ Points / potential airdropPerpl: Active · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MON_USDC-PERPETUAL	0.02577	0	get 0.0000% / 1h	19m 20s	$70K	$119K	25x
Short	Perpl MON	0.02577	0	get 0.0000% / 43m	32m 20s	$143K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PerplbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.007%: $1.46
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$19.34
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 40 min ago; Perpl: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 40 min ago	6.39 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.210%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0052%	8h	0.02573	−0.144%	$21.4M	$11.8M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02578	+0.062%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02577	0.000%	$13K	$362K	5x	as long as short
Perpl MONshort	0.0000%	43m	0.02577	+0.008%	$143K	$1.8M	10x
Deribit MON_USDC-PERPETUALlong	0.0000%	1h	0.02577	long leg	$70K	$119K	25x
Aftermath Perps MONUSD	+0.0017%	1h	0.02578	+0.045%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02575	−0.062%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0084%	8h	0.02575	−0.064%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02578	+0.054%	$854K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02581	+0.152%	$388K	$539K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02580	+0.147%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02577	+0.016%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02579	+0.103%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02577	+0.016%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02576	−0.023%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02572	−0.179%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	+0.038%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02576	−0.023%	$1.0M	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02577	+0.016%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02576	−0.016%	$128K	$143K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02575	−0.075%	$780K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02577	+0.034%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	+0.093%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	+0.054%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02576	−0.023%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02580	+0.117%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02575	−0.062%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02579	+0.084%	$271K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02577	+0.023%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0294%	4h	0.02582	+0.210%	$3.2M	$696K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02581	+0.171%	$1.4M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.168%	$114K	$49K	50x	as long as short