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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.091%
Price spread now: OKX against Hyperliquid−0.100%7-day average −0.162% · 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 7 days−0.170%−$17 on $10k
Price spread, last 7 days+0.028%+$3 · spread now −0.100%, 7d avg −0.162%
Together, before fees−0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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: OKX is 0.062% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.162%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.024980.0100pay 0.0013% / 1h0m 21s$33.6M$7.5M5x
ShortOKX MON-USDT-SWAP0.024950.0100get 0.0050% / 4h3h 00m$4.2M$6.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.100% → −0.162%
$6.22
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$12.78
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; OKX: live order book, 2 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 ago0.20 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago4.01 bp18.1 bp −$1866.3 bp −$663doesn'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−0.0203%1h0.02515+0.701%$5K$1145.5xas long as short
Phoenix MON0.0000%1h0.02498+0.008%$12K$358K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02497−0.004%$73K$136K25xas long as short
Backpack MON_USDC_PERP+0.0007%1h0.02497−0.032%$110K$153K10xas long as short
Bybit MONUSDT+0.0009%8h0.02494−0.140%$20.5M$13.5M50xas long as short
Orderly PERP_MON_USDC+0.0081%4h0.02496−0.060%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02496−0.060%$837K$733K10xas long as short
Paradex MON-USD-PERP+0.0100%8h0.02493−0.167%$7K$425xas long as short
Nado MON-PERP+0.0100%1h0.02496−0.056%$403K$586K10xas long as short
Hyperliquid MONlong+0.0100%1h0.02498long leg$33.6M$7.5M5x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02496−0.057%$100K$218K10xas long as short
dYdX MON-USD+0.0100%1h0.02495−0.089%$12K5xas long as short
Pacifica MON+0.0100%1h0.02495−0.084%$138K$92K3xas long as short
Binance MONUSDT+0.0100%4h0.02496−0.060%$23.7M$27.0M75xas long as short
OKX MON-USDT-SWAPshort+0.0100%4h0.02495−0.100%$4.2M$6.0M50x
Bulk MON-USD+0.0100%1h0.02500+0.100%$103K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02495−0.100%$932K$993K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02500+0.100%$2.9M$762K75xas long as short
Bitget MONUSDT+0.0100%4h0.02498+0.020%$2.7M$2.1M25xas long as short
Variational Omni MON+0.0100%8h0.02492−0.238%$739K$403Kas long as short
edgeX MONUSDC+0.0100%4h0.02496−0.057%$41K$251K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02502+0.181%$563K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02495−0.100%$68K$522K50xas long as short
SoDEX MON-USD+0.0100%1h0.02496−0.060%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02498+0.001%$49K$282K10xas long as short
Aevo MON-PERP+0.0104%1h0.02496−0.060%$38K3xas long as short
01 Exchange MONUSD+0.0192%1h0.02497−0.040%$6K$1K5xas long as short
Aftermath Perps MONUSD+0.0259%1h0.02499+0.067%$2K$78K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02496−0.052%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02494−0.140%$1.3M$337K75xas long as short
Coinbase International MON-PERP-INTX+0.0368%1h0.02530+1.301%$110K$55K50xas long as short
Perpl MON+0.0447%43m0.02496−0.080%$114K$2.2M10xas long as short
Kraken Futures PF_MONUSD+0.0730%1h0.02499+0.064%$268K$113K10xas long as short