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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.122%
Price spread now: SoDEX against Hyperliquid−0.112%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 3 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: SoDEX is 0.112% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.025930.0100pay 0.0013% / 1h9m 17s$34.9M$7.5M5x
ShortSoDEX MON-USD0.025900.0100get 0.0013% / 1h9m 17s$5K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.112% → 0.000%
−$11.18
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$28.18
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; SoDEX: 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, 4 min ago0.19 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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
Injective MON/USDC PERP−0.0739%1h0.02599+0.235%$6K$1105.5xas long as short
Deribit MON_USDC-PERPETUAL−0.0482%1h0.02592−0.031%$66K$114K25xas long as short
01 Exchange MONUSD−0.0264%1h0.02585−0.309%$6K$1K5xas long as short
Bybit MONUSDT−0.0012%8h0.02588−0.181%$21.6M$11.8M50xas long as short
Phoenix MON0.0000%1h0.02592−0.042%$13K$384K5xas long as short
Paradex MON-USD-PERP+0.0083%8h0.02590−0.103%$8K$425xas long as short
Orderly PERP_MON_USDC+0.0084%4h0.02588−0.189%$17K$64K10xas long as short
BloFin MON-USDT+0.0095%4h0.02592−0.035%$1.4M$246K75xas long as short
Lighter MON+0.0096%1h0.02592−0.035%$851K$758K10xas long as short
Nado MON-PERP+0.0100%1h0.02593+0.015%$387K$534K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MONlong+0.0100%1h0.02593long leg$34.9M$7.5M5x
Aster MONUSDT+0.0100%4h0.02590−0.129%$108K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02598+0.213%$13K5xas long as short
Pacifica MON+0.0100%1h0.02591−0.073%$143K$106K3xas long as short
Binance MONUSDT+0.0100%4h0.02589−0.150%$24.6M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02586−0.266%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02600+0.274%$109K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02591−0.073%$1.0M$935K50xas long as short
Bitget MONUSDT+0.0100%4h0.02593+0.004%$2.8M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02588−0.171%$782K$412Kas long as short
edgeX MONUSDC+0.0100%4h0.02591−0.086%$48K$242K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02594+0.043%$584K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02592−0.035%$69K$480K50xas long as short
SoDEX MON-USDshort+0.0100%1h0.02590−0.112%$5K$6K5x
Extended MON-USD+0.0104%1h0.02593−0.007%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02590−0.112%$39K3xas long as short
Aftermath Perps MONUSD+0.0113%1h0.02596+0.114%$2K$73K10xas long as short
Kraken Futures PF_MONUSD+0.0131%1h0.02595+0.073%$267K$67K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02593+0.008%$9K50xas long as short
Backpack MON_USDC_PERP+0.0291%1h0.025930.000%$138K$137K10xas long as short
KuCoin MONUSDTM+0.0360%4h0.02595+0.081%$3.2M$747K75xas long as short
Perpl MON+0.0447%43m0.02591−0.062%$145K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0648%1h0.02607+0.532%$114K$50K50xas long as short