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

MON

all MON markets
SwapBacktest
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 −0.113%
Price spread now: Nado against Hyperliquid−0.053%7-day average +0.029% · 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 3 days (all we have)−0.144%−$14 on $10k
Price spread, last 3 days (all we have)+0.349%+$35 · spread now −0.053%, 7d avg +0.029%
Together, before fees+0.205%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$20 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: Nado is 0.081% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.025940.0100pay 0.0013% / 1h49m 52s$35.1M$7.5M5x
ShortNado MON-PERP0.025920.0100get 0.0012% / 1h49m 52s$396K$547K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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: −0.053% → +0.029%
−$8.13
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$24.13
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Nado: live order book, 28 min ago. 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, 3 min ago0.19 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Nado live order book, 28 min ago2.33 bp9.2 bp −$9doesn't fitdoesn't fitdoesn't fit

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
Injective MON/USDC PERP−0.0121%1h0.02575−0.725%$6K$1065.5xas long as short
01 Exchange MONUSD−0.0072%1h0.02592−0.089%$6K$1K5xas long as short
Bybit MONUSDT−0.0065%8h0.02587−0.262%$21.4M$12.0M50xas long as short
Phoenix MON0.0000%1h0.02587−0.266%$13K$360K5xas long as short
Perpl MON0.0000%43m0.02591−0.108%$128K$1.8M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02591−0.120%$70K$119K25xas long as short
Aftermath Perps MONUSD+0.0030%1h0.02582−0.471%$2K$74K10xas long as short
Orderly PERP_MON_USDC+0.0067%4h0.02589−0.185%$17K$64K10xas long as short
Variational Omni MON+0.0088%8h0.02583−0.410%$781K$409Kas long as short
Paradex MON-USD-PERP+0.0091%8h0.02590−0.148%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MON+0.0096%1h0.02592−0.069%$858K$784K10xas long as short
Nado MON-PERPshort+0.0100%1h0.02592−0.053%$396K$547K10x
Hyperliquid MONlong+0.0100%1h0.02594long leg$35.1M$7.5M5x
Aster MONUSDT+0.0100%4h0.02589−0.177%$109K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02588−0.236%$13K5xas long as short
Pacifica MON+0.0100%1h0.02589−0.170%$143K$105K3xas long as short
Binance MONUSDT+0.0100%4h0.02590−0.151%$24.7M$25.1M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02588−0.224%$4.4M$6.0M50xas long as short
Gate MON_USDT+0.0100%4h0.02589−0.185%$997K$870K50xas long as short
Bitget MONUSDT+0.0100%4h0.02591−0.108%$2.8M$1.8M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02590−0.162%$129K$141K10xas long as short
edgeX MONUSDC+0.0100%4h0.02584−0.393%$47K$243K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02587−0.262%$580K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02590−0.147%$69K$481K50xas long as short
SoDEX MON-USD+0.0100%1h0.02588−0.224%$5K$6K5xas long as short
Bulk MON-USD+0.0100%1h0.02588−0.229%$109K$3K10xas long as short
Extended MON-USD+0.0104%1h0.02592−0.075%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02590−0.166%$39K3xas long as short
KuCoin MONUSDTM+0.0250%4h0.02592−0.069%$3.0M$715K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02591−0.123%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02588−0.224%$1.3M$310K75xas long as short
Kraken Futures PF_MONUSD+0.0417%1h0.02591−0.118%$272K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0480%1h0.02597+0.131%$114K$50K50xas long as short