Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Extended−0.041%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.041%, 7d avg −0.075%

Together, before fees−0.154%+ Points / potential airdropExtended: Active · farm board−$15 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: Bitget is 0.034% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02508	0.0104	pay 0.0013% / 1h	15m 58s	$47K	$283K	10x
Short	Bitget MONUSDT	0.02507	0.0100	get 0.0050% / 4h	2h 15m	$2.7M	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$0.84
Price spread: −0.041% → −0.075%: $3.41
Slippage, 4 orders: −$80.84
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.27
Costs to cover: 0.978%
Break-even: never at this rate

Slippage from Extended: live order book, 31 min ago; Bitget: 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, 31 min ago	4.01 bp	27.2 bp −$27	296.1 bp −$2,961	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	7.98 bp	25.2 bp −$25	70.9 bp −$709	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
Backpack MON_USDC_PERP	−0.0104%	1h	0.02507	−0.037%	$114K	$154K	10x	as long as short
Bybit MONUSDT	−0.0011%	8h	0.02503	−0.201%	$20.6M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02499	−0.344%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02506	−0.065%	$74K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02507	−0.061%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−0.759%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02506	−0.081%	$16K	$48K	10x	as long as short
Aftermath Perps MONUSD	+0.0090%	1h	0.02493	−0.615%	$6K	$92K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02506	−0.081%	$816K	$767K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02503	−0.194%	$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
Nado MON-PERP	+0.0100%	1h	0.02509	+0.030%	$411K	$571K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02508	−0.009%	$33.6M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02507	−0.053%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02503	−0.203%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02504	−0.161%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02505	−0.121%	$23.8M	$27.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02503	−0.201%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−1.138%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02505	−0.121%	$940K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02510	+0.079%	$2.9M	$764K	75x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02507	−0.041%	$2.7M	$2.3M	25x
Variational Omni MON	+0.0100%	8h	0.02488	−0.816%	$733K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02489	−0.775%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	−0.240%	$556K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02501	−0.280%	$68K	$530K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02505	−0.121%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02508	long leg	$47K	$283K	10x
Aevo MON-PERP	+0.0104%	1h	0.02506	−0.101%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02506	−0.077%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	−0.081%	$1.3M	$347K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02507	−0.029%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02511	+0.130%	$110K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1015%	1h	0.02508	−0.010%	$269K	$119K	10x	as long as short