Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended−0.103%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$960.960% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.103%, 7d avg −0.158%

Together, before fees−0.146%+ 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: OKX is 0.056% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02552	0.0104	pay 0.0013% / 1h	7m 58s	$51K	$407K	10x
Short	OKX MON-USDT-SWAP	0.02549	0.0100	get 0.0050% / 4h	1h 07m	$4.3M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$0.84
Price spread: −0.103% → −0.158%: $5.55
Slippage, 4 orders: −$80.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$91.27
Costs to cover: 0.960%
Break-even: never at this rate

Slippage from Extended: live order book, 10 min ago; OKX: 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, 10 min ago	5.83 bp	27.7 bp −$28	216.9 bp −$2,169	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.90 bp	20.3 bp −$20	71.0 bp −$710	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
Bybit MONUSDT	−0.0067%	8h	0.02548	−0.154%	$21.1M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.916%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02568	+0.654%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02567	+0.622%	$142K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02564	+0.501%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0021%	1h	0.02571	+0.744%	$2K	$73K	10x	as long as short
01 Exchange MONUSD	+0.0048%	1h	0.02568	+0.654%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02562	+0.407%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0088%	8h	0.02567	+0.607%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02554	+0.093%	$848K	$777K	10x	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	0.02570	+0.722%	$386K	$540K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02552	+0.003%	$34.5M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02555	+0.117%	$107K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02566	+0.567%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02568	+0.654%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02550	−0.048%	$24.3M	$24.8M	75x	as long as short
OKX MON-USDT-SWAPshort	+0.0100%	4h	0.02549	−0.103%	$4.3M	$5.8M	50x
Bulk MON-USD	+0.0100%	1h	0.02569	+0.664%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02551	−0.024%	$987K	$873K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02551	−0.024%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02551	−0.040%	$125K	$139K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02564	+0.472%	$777K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02567	+0.608%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02570	+0.720%	$577K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02567	+0.603%	$68K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02554	+0.093%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02552	long leg	$51K	$407K	10x
Aevo MON-PERP	+0.0104%	1h	0.02564	+0.466%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02563	+0.439%	$270K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02564	+0.489%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0290%	4h	0.02554	+0.093%	$3.0M	$699K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02568	+0.642%	$1.3M	$292K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02560	+0.328%	$113K	$48K	50x	as long as short