Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:20 UTC+0.0343%/8h= +37.5% APRpaid last 24h −0.025%
Price spread now: Perpl against Extended−0.066%7-day average −0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.171%+$17 on $10k
Price spread, last 3 days (all we have)+0.379%+$38 · spread now −0.066%, 7d avg −0.071%
Together, before fees+0.550%+ Points / potential airdropExtended: Active · Perpl: Active · farm board+$55 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.171% in total (about 8.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MON-USD0.025940.0104pay 0.0013% / 1h11m 17s$52K$407K10x
ShortPerpl MON0.025920.0447get 0.0040% / 43m41m 17s$145K$1.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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

Funding earned
$71.93
Price spread: −0.066% → −0.071%
$0.48
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
$53.61
Costs to cover
0.188%
Break-even
1.8 days
Slippage unknown: Extended: live order book, 11 min ago; Perpl: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 11 min ago3.85 bp25.4 bp −$25237.2 bp −$2,372doesn't fitdoesn't fit
Sell Perpl no order-book sample
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0739%1h0.02599+0.212%$6K$1105.5xas long as short
Deribit MON_USDC-PERPETUAL−0.0290%1h0.02593−0.027%$63K$110K25xas long as short
01 Exchange MONUSD−0.0240%1h0.02588−0.205%$6K$1K5xas long as short
Bybit MONUSDT−0.0005%8h0.02589−0.174%$21.6M$11.8M50xas long as short
Phoenix MON0.0000%1h0.02599+0.204%$14K$384K5xas long as short
Orderly PERP_MON_USDC+0.0090%4h0.02591−0.097%$17K$64K10xas long as short
Paradex MON-USD-PERP+0.0095%8h0.02590−0.120%$8K$425xas long as short
Lighter MON+0.0096%1h0.02593−0.020%$851K$758K10xas long as short
Nado MON-PERP+0.0100%1h0.02594+0.009%$383K$533K10xas long as short
Hyperliquid MON+0.0100%1h0.02594+0.007%$35.0M$7.5M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02594+0.008%$108K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02598+0.189%$13K5xas long as short
Pacifica MON+0.0100%1h0.02593−0.020%$143K$106K3xas long as short
Binance MONUSDT+0.0100%4h0.02591−0.097%$24.6M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02587−0.251%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02600+0.250%$109K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02593−0.020%$1.0M$935K50xas long as short
Bitget MONUSDT+0.0100%4h0.02594+0.019%$2.8M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02596+0.111%$782K$412Kas long as short
edgeX MONUSDC+0.0100%4h0.02600+0.263%$48K$244K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02596+0.096%$584K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02600+0.250%$69K$480K50xas long as short
SoDEX MON-USD+0.0100%1h0.02590−0.135%$5K$6K5xas long as short
Extended MON-USDlong+0.0104%1h0.02594long leg$52K$407K10x
Aevo MON-PERP+0.0104%1h0.02592−0.074%$39K3xas long as short
Aftermath Perps MONUSD+0.0121%1h0.02597+0.135%$2K$73K10xas long as short
Kraken Futures PF_MONUSD+0.0131%1h0.02596+0.084%$268K$67K10xas long as short
BloFin MON-USDT+0.0151%4h0.02599+0.212%$1.4M$246K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02594+0.003%$9K50xas long as short
Backpack MON_USDC_PERP+0.0302%1h0.02594+0.030%$138K$137K10xas long as short
KuCoin MONUSDTM+0.0374%4h0.02600+0.250%$3.2M$747K75xas long as short
Perpl MONshort+0.0447%43m0.02592−0.066%$145K$1.8M10x
Coinbase International MON-PERP-INTX+0.0648%1h0.02607+0.509%$114K$50K50xas long as short