Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.055%

Price spread now: KuCoin against Extended+0.013%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1431.427% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.013%, 7d avg −0.021%

Together, before fees−0.111%+ Points / potential airdropExtended: Active · farm board−$11 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: KuCoin 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 −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02525	0.0104	pay 0.0013% / 1h	46m 30s	$59K	$358K	10x
Short	KuCoin MONUSDTM	0.02525	0.0100	get 0.0050% / 4h	46m 30s	$2.9M	$682K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$0.84
Price spread: +0.013% → −0.021%: $3.43
Slippage, 4 orders: −$125.72
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$140.12
Costs to cover: 1.427%
Break-even: never at this rate

Slippage from Extended: live order book, 59 min ago; KuCoin: live order book, 4 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, 59 min ago	3.99 bp	25.8 bp −$26	235.9 bp −$2,359	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	11.94 bp	55.9 bp −$56	478.0 bp −$4,780	doesn't fit	doesn't fit

MON on 33 exchanges

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	−0.0416%	1h	0.02523	−0.082%	$6K	$2K	5x	as long as short
Phoenix MON	−0.0316%	1h	0.02511	−0.549%	$12K	$284K	5x	as long as short
Backpack MON_USDC_PERP	−0.0175%	1h	0.02524	−0.019%	$113K	$142K	10x	as long as short
Bybit MONUSDT	−0.0145%	8h	0.02521	−0.153%	$21.4M	$12.8M	50x	as long as short
Perpl MON	0.0000%	43m	0.02521	−0.149%	$117K	$2.1M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02527	+0.084%	$82K	$113K	25x	as long as short
Injective MON/USDC PERP	+0.0033%	1h	0.02541	+0.647%	$6K	$92	5.5x	as long as short
Paradex MON-USD-PERP	+0.0042%	8h	0.02522	−0.122%	$8K	$42	5x	as long as short
ApeX Omni MONUSDT	+0.0087%	1h	0.02509	−0.621%	$68K	$547K	50x	as long as short
Lighter MON	+0.0096%	1h	0.02525	+0.013%	$828K	$676K	10x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02526	+0.050%	$404K	$552K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02524	−0.035%	$33.8M	$6.1M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02524	−0.036%	$100K	$190K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02523	−0.050%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02524	−0.011%	$140K	$83K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02522	−0.106%	$24.2M	$25.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02523	−0.066%	$4.2M	$5.6M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.185%	$103K	$238	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02525	+0.013%	$1.1M	$1.2M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02525	+0.013%	$2.9M	$682K	75x
Bitget MONUSDT	+0.0100%	4h	0.02525	+0.013%	$2.8M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02507	−0.707%	$749K	$337K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02509	−0.624%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02513	−0.462%	$564K	$1.4M	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02526	+0.053%	$16K	$35K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02525	+0.013%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02525	long leg	$59K	$358K	10x
Aevo MON-PERP	+0.0104%	1h	0.02497	−1.092%	$38K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0205%	1h	0.02528	+0.127%	$276K	$124K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02521	−0.153%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02516	−0.344%	$1.4M	$372K	75x	as long as short
Aftermath Perps MONUSD	+0.0377%	1h	0.02520	−0.181%	$5K	$96K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0632%	1h	0.02524	−0.023%	$106K	$55K	50x	as long as short