Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0160%/8h= −17.6% APRpaid last 24h +0.027%

Price spread now: KuCoin against GMX+0.075%7-day average — · you sell dearer than you buy

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

Long on GMX Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.075% dearer against GMX than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MON/USD [ETH-USDC]	0.02548	L +0.0260% / S −0.0429%	pay 0.0033% / 1h	15m 50s	$9K	—	50x
Short	KuCoin MONUSDTM	0.02550	0.0100	get 0.0050% / 4h	2h 15m	$2.9M	$743K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GMX. 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 GMXbpFee KuCoinbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$33.68
Price spread: +0.075% → 0.000%: $7.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.23
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 6 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	11.72 bp	41.1 bp −$41	453.4 bp −$4,534	doesn't fit	doesn't fit

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 32 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	−0.0388%	1h	0.02522	−1.024%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0083%	8h	0.02543	−0.200%	$20.9M	$12.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02556	+0.302%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02548	−0.016%	$69K	$125K	25x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02547	−0.035%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0061%	4h	0.02547	−0.043%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02549	+0.035%	$849K	$742K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02544	−0.143%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02550	+0.088%	$409K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02549	+0.031%	$34.6M	$7.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02547	−0.050%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02548	−0.008%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02548	+0.004%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02546	−0.082%	$24.3M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02544	−0.161%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02545	−0.126%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02546	−0.082%	$953K	$905K	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02550	+0.075%	$2.9M	$743K	75x
Bitget MONUSDT	+0.0100%	4h	0.02548	−0.004%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02549	+0.020%	$118K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02544	−0.179%	$757K	$419K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02551	+0.133%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02555	+0.261%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02555	+0.271%	$68K	$496K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02546	−0.082%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02548	−0.003%	$51K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02545	−0.102%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]long	L +0.0260% / S −0.0429%	1h	0.02548	long leg	$9K	—	50x
Aftermath Perps MONUSD	+0.0298%	1h	0.02550	+0.075%	$2K	$79K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02547	−0.043%	$107K	$2.3M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02560	+0.463%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0839%	1h	0.02548	−0.001%	$277K	$88K	10x	as long as short