Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0498%/8h= +54.5% APRpaid last 24h +0.063%

Price spread now: GMX against Gate+0.081%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.081% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02592	0.0100	pay 0.0050% / 4h	2h 09m	$1.0M	$935K	50x
Short	GMX MON/USD [ETH-USDC]	0.02594	L +0.0261% / S −0.0598%	get 0.0075% / 1h	9m 56s	$9K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $104.54
Price spread: +0.081% → 0.000%: $8.1
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $85.64
Costs to cover: 0.270%
Break-even: 1.3 days

Slippage unknown: Gate: live order book, 2 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	5.78 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MON/USDC PERP	−0.0739%	1h	0.02599	+0.270%	$6K	$110	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0521%	1h	0.02592	+0.012%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0248%	1h	0.02586	−0.220%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0009%	8h	0.02588	−0.154%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.262%	$14K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0087%	4h	0.02590	−0.077%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0091%	8h	0.02591	−0.023%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02591	−0.039%	$851K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02594	+0.090%	$383K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02593	+0.042%	$35.0M	$7.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02591	−0.040%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02598	+0.248%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02592	0.000%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02590	−0.077%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02587	−0.193%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02600	+0.309%	$109K	$3K	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02592	long leg	$1.0M	$935K	50x
Bitget MONUSDT	+0.0100%	4h	0.02593	+0.039%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02588	−0.137%	$782K	$412K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02600	+0.322%	$48K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02596	+0.154%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02600	+0.309%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02590	−0.077%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02593	+0.054%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02591	−0.027%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0117%	1h	0.02596	+0.172%	$2K	$73K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02594	+0.091%	$267K	$67K	10x	as long as short
BloFin MON-USDT	+0.0151%	4h	0.02599	+0.270%	$1.4M	$246K	75x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0261% / S −0.0598%	1h	0.02594	+0.081%	$9K	—	50x
Backpack MON_USDC_PERP	+0.0291%	1h	0.02593	+0.035%	$138K	$137K	10x	as long as short
KuCoin MONUSDTM	+0.0368%	4h	0.02596	+0.154%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02593	+0.031%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.567%	$114K	$50K	50x	as long as short