Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.031%

Price spread now: 01 Exchange against edgeX−0.094%57s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, the price is against you. 01 Exchange is 0.094% cheaper against edgeX than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 44 hours of funding at the current rate (+$5 a day). The two prices were read 57 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	0.02505	0.0100	pay 0.0050% / 4h	1h 01m	$41K	$251K	10x
Short	01 Exchange MONUSD	0.02503	0.0272	get 0.0034% / 1h	1m 47s	$6K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.094%Rate

Funding earned: $36.12
Price spread: −0.094% → 0.000%: −$9.43
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $10.69
Costs to cover: 0.160%
Break-even: 4.9 days

Slippage unknown: edgeX: live order book, 41 min ago; 01 Exchange: 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 edgeX live order book, 41 min ago	8.01 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Phoenix MON	0.0000%	1h	0.02505	−0.003%	$13K	$353K	5x	as long as short
Perpl MON	0.0000%	43m	0.02502	−0.102%	$126K	$2.2M	10x	as long as short
Orderly PERP_MON_USDC	+0.0089%	4h	0.02501	−0.162%	$16K	$44K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02504	−0.042%	$803K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02500	−0.207%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02505	−0.006%	$393K	$575K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02501	−0.145%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02500	−0.190%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02501	−0.150%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02501	−0.162%	$23.8M	$27.5M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02498	−0.282%	$20.7M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02498	−0.282%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.202%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02501	−0.162%	$932K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02505	−0.003%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02504	−0.042%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02503	−0.074%	$110K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02504	−0.060%	$743K	$411K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02505	long leg	$41K	$251K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02507	+0.076%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02506	+0.037%	$68K	$536K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02501	−0.162%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02505	−0.014%	$47K	$268K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02501	−0.174%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02500	−0.202%	$5K	$113	5.5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02500	−0.182%	$6K	—	50x	as long as short
01 Exchange MONUSDshort	+0.0272%	1h	0.02503	−0.094%	$6K	$3K	5x
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.037%	$1.3M	$348K	75x	as long as short
Hyperliquid MON	+0.0428%	1h	0.02505	+0.005%	$33.9M	$7.8M	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0430%	1h	0.02502	−0.110%	$73K	$138K	25x	as long as short
Aftermath Perps MONUSD	+0.0466%	1h	0.02503	−0.094%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02511	+0.245%	$110K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0844%	1h	0.02504	−0.056%	$269K	$119K	10x	as long as short