Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Extended−0.097%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1141.142% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.249%−$25 · spread now −0.097%, 7d avg −0.118%

Together, before fees−0.284%+ Points / potential airdropExtended: Active · farm board−$28 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: Gate is 0.021% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02607	0.0104	pay 0.0013% / 1h	21m 42s	$52K	$407K	10x
Short	Gate MON_USDT	0.02604	0.0100	get 0.0050% / 4h	2h 21m	$1.0M	$934K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.097%Rate

Funding earned: −$0.84
Price spread: −0.097% → −0.118%: $2.12
Slippage, 4 orders: −$94.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.88
Costs to cover: 1.142%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Gate: live order book, 5 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, 1 min ago	3.85 bp	25.4 bp −$25	237.2 bp −$2,372	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.69 bp	27.8 bp −$28	277.4 bp −$2,774	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	−0.0739%	1h	0.02596	−0.404%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0232%	1h	0.02602	−0.166%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02594	−0.476%	$13K	$384K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02604	−0.100%	$63K	$110K	25x	as long as short
Bybit MONUSDT	+0.0003%	8h	0.02601	−0.212%	$21.7M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02602	−0.173%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0096%	8h	0.02603	−0.152%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02605	−0.058%	$855K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02605	−0.077%	$374K	$527K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02608	+0.057%	$35.1M	$7.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02603	−0.146%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02603	−0.137%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02604	−0.093%	$144K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02603	−0.148%	$24.7M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02601	−0.212%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02602	−0.173%	$109K	$3K	10x	as long as short
Gate MON_USDTshort	+0.0100%	4h	0.02604	−0.097%	$1.0M	$934K	50x
Bitget MONUSDT	+0.0100%	4h	0.02605	−0.058%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02596	−0.407%	$777K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02592	−0.556%	$48K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02594	−0.462%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02594	−0.480%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02603	−0.135%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02607	long leg	$52K	$407K	10x
Aevo MON-PERP	+0.0104%	1h	0.02602	−0.173%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02606	−0.032%	$269K	$67K	10x	as long as short
BloFin MON-USDT	+0.0157%	4h	0.02597	−0.365%	$1.4M	$245K	75x	as long as short
Aftermath Perps MONUSD	+0.0186%	1h	0.02597	−0.377%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02603	−0.116%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0300%	1h	0.02604	−0.089%	$138K	$136K	10x	as long as short
KuCoin MONUSDTM	+0.0378%	4h	0.02609	+0.095%	$3.2M	$746K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02602	−0.166%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.034%	$115K	$50K	50x	as long as short