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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.085%
Price spread now: dYdX against Hyperliquid−0.144%7-day average · 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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.144% cheaper against Hyperliquid than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.025100.0100pay 0.0013% / 1h15m 05s$33.7M$7.6M5x
ShortdYdX MON-USD0.025060.0100get 0.0013% / 1h15m 05s$13K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. 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
$0
Price spread: −0.144% → 0.000%
−$14.39
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$33.39
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; dYdX: 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 Hyperliquid live order book, 8 min ago1.21 bp13.3 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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
Backpack MON_USDC_PERP−0.0101%1h0.02509−0.016%$114K$154K10xas long as short
Bybit MONUSDT−0.0009%8h0.02505−0.195%$20.6M$13.7M50xas long as short
Phoenix MON0.0000%1h0.02499−0.410%$12K$355K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02507−0.092%$74K$135K25xas long as short
01 Exchange MONUSD+0.0024%1h0.02507−0.104%$6K$1K5xas long as short
Injective MON/USDC PERP+0.0039%1h0.02489−0.825%$5K$1135.5xas long as short
Aftermath Perps MONUSD+0.0082%1h0.02495−0.580%$6K$92K10xas long as short
Orderly PERP_MON_USDC+0.0083%4h0.02507−0.108%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02507−0.108%$817K$767K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02505−0.170%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02510−0.004%$411K$571K10xas long as short
Hyperliquid MONlong+0.0100%1h0.02510long leg$33.7M$7.6M5x
Aster MONUSDT+0.0100%4h0.02508−0.082%$99K$221K10xas long as short
dYdX MON-USDshort+0.0100%1h0.02506−0.144%$13K5x
Pacifica MON+0.0100%1h0.02507−0.112%$138K$92K3xas long as short
Binance MONUSDT+0.0100%4h0.02506−0.130%$23.8M$27.5M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02506−0.147%$4.2M$6.2M50xas long as short
Bulk MON-USD+0.0100%1h0.02479−1.204%$102K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02506−0.147%$940K$1.0M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02511+0.052%$2.9M$765K75xas long as short
Bitget MONUSDT+0.0100%4h0.02508−0.068%$2.7M$2.3M25xas long as short
Variational Omni MON+0.0100%8h0.02503−0.283%$739K$410Kas long as short
edgeX MONUSDC+0.0100%4h0.02501−0.358%$41K$251K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02502−0.307%$556K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02503−0.267%$68K$530K50xas long as short
SoDEX MON-USD+0.0100%1h0.02506−0.147%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02509−0.011%$47K$283K10xas long as short
Aevo MON-PERP+0.0104%1h0.02509−0.024%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0246%1h0.02507−0.116%$6K50xas long as short
BloFin MON-USDT+0.0340%4h0.02500−0.387%$1.3M$346K75xas long as short
Perpl MON+0.0447%43m0.02507−0.100%$114K$2.2M10xas long as short
Coinbase International MON-PERP-INTX+0.0456%1h0.02515+0.191%$110K$56K50xas long as short
Kraken Futures PF_MONUSD+0.1014%1h0.02509−0.028%$269K$119K10xas long as short