Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate+0.042%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$980.981% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.304%+$30 · spread now +0.042%, 7d avg +0.111%

Together, before fees+0.318%+ Points / potential airdropExtended: Active · farm board+$32 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: Extended is 0.069% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02532	0.0100	pay 0.0050% / 4h	2h 20m	$1.0M	$1.2M	50x
Short	Extended MON-USD	0.02533	0.0104	get 0.0013% / 1h	20m 18s	$58K	$326K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0.84
Price spread: +0.042% → +0.111%: −$6.94
Slippage, 4 orders: −$78.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$104.24
Costs to cover: 0.981%
Break-even: 875.7 days

Slippage from Gate: live order book, 5 min ago; Extended: live order book, 30 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, 5 min ago	5.91 bp	24.3 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	3.93 bp	25.3 bp −$25	303.8 bp −$3,038	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
Backpack MON_USDC_PERP	−0.0164%	1h	0.02532	0.000%	$111K	$148K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02541	+0.355%	$13K	$307K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02531	−0.047%	$72K	$115K	25x	as long as short
Bybit MONUSDT	+0.0031%	8h	0.02528	−0.174%	$21.1M	$13.6M	50x	as long as short
Injective MON/USDC PERP	+0.0033%	1h	0.02541	+0.355%	$6K	$105	5.5x	as long as short
Lighter MON	+0.0096%	1h	0.02533	+0.039%	$831K	$765K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02527	−0.186%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02535	+0.116%	$396K	$569K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02534	+0.091%	$34.0M	$6.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02532	+0.011%	$100K	$202K	10x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02532	+0.010%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02529	−0.118%	$140K	$88K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02530	−0.079%	$24.4M	$26.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02529	−0.118%	$4.2M	$6.0M	50x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02532	long leg	$1.0M	$1.2M	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02532	0.000%	$2.9M	$756K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02531	−0.039%	$2.8M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02528	−0.159%	$756K	$379K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02539	+0.267%	$42K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02534	+0.062%	$563K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02537	+0.197%	$69K	$546K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02531	−0.039%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02530	−0.079%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	+0.902%	$105K	−$0	10x	as long as short
Extended MON-USDshort	+0.0104%	1h	0.02533	+0.042%	$58K	$326K	10x
Aevo MON-PERP	+0.0104%	1h	0.02530	−0.083%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0128%	1h	0.02534	+0.095%	$6K	$2K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02531	−0.039%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02526	−0.237%	$1.4M	$389K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02534	+0.067%	$117K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0627%	1h	0.02537	+0.210%	$4K	$95K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0674%	1h	0.02534	+0.073%	$272K	$121K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0800%	1h	0.02561	+1.157%	$113K	$51K	50x	as long as short