Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against edgeX+0.075%91s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.753% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.962%−$96 · spread now +0.075%, 7d avg −0.021%

Together, before fees−0.973%+ Points / potential airdropedgeX: Active · farm board−$97 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: OKX is 0.097% dearer against edgeX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 91 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	edgeX MONUSDC	0.02502	0.0100	pay 0.0050% / 4h	16m 02s	$41K	$251K	10x
Short	OKX MON-USDT-SWAP	0.02504	0.0100	get 0.0050% / 4h	16m 02s	$4.2M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → −0.021%: $9.65
Slippage, 4 orders: −$56.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$65.64
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from edgeX: live order book, 21 min ago; OKX: live order book, 2 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, 21 min ago	8.00 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.99 bp	19.8 bp −$20	89.1 bp −$891	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	−0.0032%	1h	0.02503	+0.035%	$5K	$111	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02497	−0.192%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02508	+0.251%	$123K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02505	+0.111%	$73K	$138K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02506	+0.155%	$804K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02507	+0.187%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02511	+0.347%	$394K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02504	+0.095%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02502	−0.005%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02506	+0.171%	$139K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02504	+0.076%	$23.8M	$27.5M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02504	+0.059%	$20.9M	$13.9M	50x	as long as short
OKX MON-USDT-SWAPshort	+0.0100%	4h	0.02504	+0.075%	$4.2M	$6.2M	50x
Gate MON_USDT	+0.0100%	4h	0.02506	+0.155%	$938K	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02509	+0.275%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02506	+0.155%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02505	+0.131%	$109K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02492	−0.402%	$740K	$410K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02502	long leg	$41K	$251K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	+0.136%	$558K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02504	+0.075%	$68K	$541K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02505	+0.115%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	+0.075%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.098%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02508	+0.218%	$47K	$316K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02504	+0.059%	$38K	—	3x	as long as short
Hyperliquid MON	+0.0156%	1h	0.02507	+0.203%	$33.9M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02508	+0.231%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02504	+0.091%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.155%	$1.3M	$334K	75x	as long as short
Aftermath Perps MONUSD	+0.0607%	1h	0.02503	+0.021%	$4K	$102K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.507%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1202%	1h	0.02507	+0.198%	$269K	$118K	10x	as long as short