Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.064%

Price spread now: KuCoin against edgeX−0.638%7-day average +0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1211.208% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)+0.729%+$73 · spread now −0.638%, 7d avg +0.123%

Together, before fees+0.702%+ Points / potential airdropedgeX: Active · farm board+$70 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.760% cheaper against edgeX than usual: you would sell low and buy high, −$76 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MONUSDC	0.02591	0.0100	pay 0.0050% / 4h	3h 02m	$44K	$248K	10x
Short	KuCoin MONUSDTM	0.02574	0.0100	get 0.0050% / 4h	3h 02m	$2.9M	$729K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now −0.638%Rate

Funding earned: $0
Price spread: −0.638% → +0.123%: −$76.03
Slippage, 4 orders: −$99.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$196.79
Costs to cover: 1.208%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; KuCoin: live order book, 4 min ago.

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 edgeX live order book, 4 min ago	7.72 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	7.71 bp	55.9 bp −$56	463.5 bp −$4,635	doesn't fit	doesn't fit

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	−0.0444%	1h	0.02570	−0.792%	$6K	$108	5.5x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02566	−0.935%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02592	+0.069%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02569	−0.846%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0063%	4h	0.02570	−0.792%	$17K	$59K	10x	as long as short
Paradex MON-USD-PERP	+0.0093%	8h	0.02571	−0.766%	$8K	$42	5x	as long as short
Bybit MONUSDT	+0.0095%	8h	0.02567	−0.908%	$21.4M	$12.2M	50x	as long as short
Lighter MON	+0.0096%	1h	0.02570	−0.792%	$856K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02576	−0.560%	$395K	$524K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02572	−0.721%	$107K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02573	−0.681%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02575	−0.603%	$143K	$103K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02569	−0.831%	$24.6M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02568	−0.869%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02595	+0.173%	$108K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02567	−0.908%	$966K	$931K	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02574	−0.638%	$2.9M	$729K	75x
Bitget MONUSDT	+0.0100%	4h	0.02571	−0.753%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02569	−0.838%	$124K	$147K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02582	−0.328%	$776K	$410K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02591	long leg	$44K	$248K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02586	−0.174%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02587	−0.136%	$69K	$488K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02568	−0.869%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02572	−0.718%	$49K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02569	−0.827%	$39K	—	3x	as long as short
Hyperliquid MON	+0.0112%	1h	0.02574	−0.657%	$35.1M	$7.5M	5x	as long as short
Aftermath Perps MONUSD	+0.0201%	1h	0.02586	−0.165%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02568	−0.881%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02570	−0.792%	$1.3M	$306K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02572	−0.703%	$116K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0464%	1h	0.02572	−0.708%	$270K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02608	+0.683%	$114K	$52K	50x	as long as short