Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against dYdX−0.262%51s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.262% cheaper against dYdX than usual: you would sell low and buy high, −$26 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX MON-USD	0.02530	0.0100	pay 0.0013% / 1h	54m 08s	$13K	—	5x
Short	edgeX MONUSDC	0.02523	0.0100	get 0.0050% / 4h	1h 54m	$43K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. 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 dYdXbpFee edgeXbpOrdersPrice spread, now −0.262%Rate

Funding earned: $0
Price spread: −0.262% → 0.000%: −$26.23
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$45.23
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; edgeX: live order book, 8 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 8 min ago	7.88 bp	18.8 bp −$19	doesn't fit	doesn't fit	doesn't fit

dYdX: 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 32 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	−0.0253%	1h	0.02531	+0.048%	$5K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0064%	8h	0.02526	−0.150%	$20.7M	$12.8M	50x	as long as short
Backpack MON_USDC_PERP	−0.0040%	1h	0.02530	+0.020%	$118K	$148K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02527	−0.095%	$13K	$367K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0026%	1h	0.02533	+0.107%	$68K	$125K	25x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02530	−0.004%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0077%	4h	0.02530	+0.008%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02531	+0.048%	$843K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02526	−0.153%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02530	+0.017%	$405K	$539K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02530	+0.016%	$34.3M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02529	−0.035%	$101K	$229K	10x	as long as short
dYdX MON-USDlong	+0.0100%	1h	0.02530	long leg	$13K	—	5x
Pacifica MON	+0.0100%	1h	0.02529	−0.032%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02528	−0.056%	$24.1M	$25.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02526	−0.150%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	+0.008%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02530	+0.008%	$942K	$908K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02531	+0.048%	$2.9M	$741K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02530	+0.008%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02538	+0.327%	$750K	$404K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02523	−0.262%	$43K	$247K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02527	−0.120%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02524	−0.229%	$68K	$498K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02531	+0.048%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02533	+0.108%	$48K	$518K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02532	+0.087%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02530	+0.008%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0323%	1h	0.02532	+0.096%	$2K	$74K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02531	+0.055%	$105K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0491%	1h	0.02533	+0.134%	$267K	$97K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02535	+0.190%	$111K	$51K	50x	as long as short