Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Extended−0.103%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.103%, 7d avg −0.114%

Together, before fees−0.071%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02504	0.0104	pay 0.0013% / 1h	40m 38s	$48K	$521K	10x
Short	Binance MONUSDT	0.02502	0.0100	get 0.0050% / 4h	40m 38s	$23.8M	$26.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.103%Rate

Funding earned: −$0.84
Price spread: −0.103% → −0.114%: $1.03
Slippage, 4 orders: −$74.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.25
Costs to cover: 0.894%
Break-even: never at this rate

Slippage from Extended: live order book, 17 min ago; Binance: live order book, 1 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 Extended live order book, 17 min ago	5.98 bp	28.9 bp −$29	243.8 bp −$2,438	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	2.00 bp	16.8 bp −$17	65.5 bp −$655	256.5 bp −$25.7K	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
01 Exchange MONUSD	−0.0432%	1h	0.02501	−0.107%	$6K	$1K	5x	as long as short
Backpack MON_USDC_PERP	−0.0307%	1h	0.02503	−0.059%	$112K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02517	+0.516%	$5K	$109	5.5x	as long as short
Bybit MONUSDT	−0.0170%	8h	0.02500	−0.163%	$20.5M	$13.2M	50x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0150%	1h	0.02501	−0.119%	$74K	$135K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02499	−0.203%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02502	−0.095%	$107K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0071%	4h	0.02501	−0.123%	$16K	$41K	10x	as long as short
Variational Omni MON	+0.0079%	8h	0.02498	−0.262%	$740K	$407K	—	as long as short
Paradex MON-USD-PERP	+0.0088%	8h	0.02501	−0.121%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02503	−0.043%	$843K	$747K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02502	−0.074%	$429K	$560K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02503	−0.027%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02503	−0.038%	$100K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02502	−0.073%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02503	−0.043%	$138K	$93K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02502	−0.103%	$23.8M	$26.7M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02500	−0.163%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02495	−0.352%	$102K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02502	−0.083%	$948K	$983K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02503	−0.043%	$2.8M	$752K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02504	−0.003%	$2.7M	$2.1M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02500	−0.175%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02501	−0.143%	$559K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02501	−0.123%	$67K	$507K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02500	−0.163%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02504	long leg	$48K	$521K	10x
Aevo MON-PERP	+0.0104%	1h	0.02501	−0.139%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02501	−0.107%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0267%	1h	0.02504	+0.016%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02499	−0.203%	$1.3M	$337K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02514	+0.376%	$110K	$57K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0544%	1h	0.02504	−0.004%	$269K	$116K	10x	as long as short