Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:38 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.024%
Price spread now: Perpl against dYdX+0.028%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPerpl: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.028% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX MON-USD0.025310.0100pay 0.0013% / 1h58m 16s$13K5x
ShortPerpl MON0.025320.0447get 0.0040% / 43m3m 16s$106K$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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

Funding earned
$72.77
Price spread: +0.028% → 0.000%
$2.78
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
$51.75
Costs to cover
0.238%
Break-even
2.0 days
Slippage unknown: dYdX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Perpl no order-book sample
dYdX and 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 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0253%1h0.02546+0.597%$6K$1055.5xas long as short
Backpack MON_USDC_PERP−0.0110%1h0.02533+0.071%$118K$152K10xas long as short
Bybit MONUSDT−0.0063%8h0.02525−0.249%$20.7M$12.8M50xas long as short
01 Exchange MONUSD−0.0024%1h0.02532+0.032%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02536+0.217%$13K$345K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02530−0.047%$68K$125K25xas long as short
Orderly PERP_MON_USDC+0.0077%4h0.02529−0.075%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02531+0.004%$843K$738K10xas long as short
Paradex MON-USD-PERP+0.0098%8h0.02530−0.047%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02534+0.132%$406K$539K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02532+0.044%$34.3M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02533+0.077%$101K$229K10xas long as short
dYdX MON-USDlong+0.0100%1h0.02531long leg$13K5x
Pacifica MON+0.0100%1h0.02532+0.048%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02528−0.108%$24.1M$25.9M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02525−0.233%$4.2M$5.8M50xas long as short
Bulk MON-USD+0.0100%1h0.02531−0.010%$105K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.02529−0.075%$939K$898K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02535+0.162%$2.9M$742K75xas long as short
Bitget MONUSDT+0.0100%4h0.02530−0.035%$2.7M$2.0M25xas long as short
Variational Omni MON+0.0100%8h0.02533+0.066%$753K$404Kas long as short
edgeX MONUSDC+0.0100%4h0.02535+0.165%$43K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02539+0.320%$568K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02537+0.241%$68K$499K50xas long as short
SoDEX MON-USD+0.0100%1h0.02529−0.075%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.025310.000%$49K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02528−0.095%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02528−0.103%$9K50xas long as short
Aftermath Perps MONUSD+0.0317%1h0.02536+0.215%$2K$74K10xas long as short
Perpl MONshort+0.0447%43m0.02532+0.028%$106K$2.3M10x
Kraken Futures PF_MONUSD+0.0492%1h0.02531−0.002%$267K$97K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02556+0.984%$112K$52K50xas long as short