Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Gate+0.309%52s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$870.873% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.353%−$35 · spread now +0.309%, 7d avg −0.032%

Together, before fees−0.333%+ Points / potential airdropedgeX: Active · farm board−$33 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: edgeX is 0.341% dearer against Gate than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02586	0.0100	pay 0.0050% / 4h	42m 43s	$984K	$905K	50x
Short	edgeX MONUSDC	0.02594	0.0100	get 0.0050% / 4h	42m 43s	$48K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.309%Rate

Funding earned: $0
Price spread: +0.309% → −0.032%: $34.05
Slippage, 4 orders: −$63.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$53.27
Costs to cover: 0.873%
Break-even: never at this rate

Slippage from Gate: live order book, 34 min ago; edgeX: live order book, 35 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 Gate live order book, 34 min ago	7.76 bp	21.1 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 35 min ago	7.77 bp	19.4 bp −$19	doesn't fit	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	−0.0121%	1h	0.02575	−0.425%	$6K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0049%	8h	0.02583	−0.116%	$21.4M	$12.0M	50x	as long as short
01 Exchange MONUSD	−0.0024%	1h	0.02583	−0.135%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.514%	$14K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02590	+0.151%	$127K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02585	−0.050%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0030%	1h	0.02592	+0.231%	$2K	$75K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02584	−0.077%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0093%	8h	0.02583	−0.103%	$8K	$42	5x	as long as short
Variational Omni MON	+0.0095%	8h	0.02591	+0.181%	$783K	$408K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02586	0.000%	$859K	$793K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02593	+0.256%	$395K	$546K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02588	+0.081%	$35.0M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02588	+0.094%	$109K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02584	−0.072%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02585	−0.039%	$143K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02585	−0.039%	$24.6M	$25.2M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02582	−0.155%	$4.4M	$6.0M	50x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02586	long leg	$984K	$905K	50x
Bitget MONUSDT	+0.0100%	4h	0.02587	+0.039%	$2.8M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02585	−0.035%	$129K	$141K	10x	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02594	+0.309%	$48K	$245K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02597	+0.419%	$588K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02596	+0.387%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02583	−0.116%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02588	+0.071%	$109K	$3K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02590	+0.146%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02583	−0.104%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02585	−0.019%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0262%	4h	0.02588	+0.077%	$3.0M	$716K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02587	+0.039%	$1.4M	$310K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0418%	1h	0.02587	+0.053%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+0.886%	$115K	$50K	50x	as long as short