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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h −0.051%
Price spread now: 01 Exchange against Hyperliquid−0.243%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 4 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 pays, the price is against you. 01 Exchange is 0.243% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 5.8 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.025100.0100pay 0.0013% / 1h54m 50s$33.9M$7.8M5x
Short01 Exchange MONUSD0.025040.0240get 0.0030% / 1h54m 50s$6K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$29.4
Price spread: −0.243% → 0.000%
−$24.3
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$10.9
Costs to cover
0.160%
Break-even
9.6 days
Slippage unknown: Hyperliquid: live order book, 8 min ago; 01 Exchange: 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 ago0.60 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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−0.0320%1h0.02508−0.060%$109K$157K10xas long as short
Injective MON/USDC PERP−0.0089%1h0.02505−0.195%$5K$1085.5xas long as short
Phoenix MON0.0000%1h0.02506−0.147%$13K$346K5xas long as short
Perpl MON0.0000%43m0.02505−0.207%$119K$2.2M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02505−0.195%$73K$137K25xas long as short
Lighter MON+0.0096%1h0.02508−0.076%$806K$765K10xas long as short
Paradex MON-USD-PERP+0.0100%8h0.02502−0.298%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02506−0.160%$392K$573K10xas long as short
Hyperliquid MONlong+0.0100%1h0.02510long leg$33.9M$7.8M5x
Aster MONUSDT+0.0100%4h0.02511+0.050%$99K$213K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USD+0.0100%1h0.02509−0.024%$13K5xas long as short
Pacifica MON+0.0100%1h0.02505−0.195%$139K$91K3xas long as short
Binance MONUSDT+0.0100%4h0.02508−0.057%$23.9M$27.6M75xas long as short
Bybit MONUSDT+0.0100%8h0.02507−0.116%$20.9M$13.9M50xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02507−0.116%$4.2M$6.2M50xas long as short
Gate MON_USDT+0.0100%4h0.02510+0.004%$939K$1.0M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02512+0.084%$2.9M$765K75xas long as short
Bitget MONUSDT+0.0100%4h0.02510+0.004%$2.7M$2.3M25xas long as short
Variational Omni MON+0.0100%8h0.02508−0.072%$745K$408Kas long as short
edgeX MONUSDC+0.0100%4h0.02509−0.042%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02506−0.165%$558K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02505−0.195%$68K$544K50xas long as short
Orderly PERP_MON_USDC+0.0100%4h0.02506−0.155%$16K$42K10xas long as short
SoDEX MON-USD+0.0100%1h0.02505−0.195%$5K$6K5xas long as short
Bulk MON-USD+0.0100%1h0.02505−0.195%$103K−$010xas long as short
Extended MON-USD+0.0104%1h0.02513+0.111%$50K$318K10xas long as short
Aevo MON-PERP+0.0104%1h0.02504−0.227%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0246%1h0.02505−0.207%$6K50xas long as short
01 Exchange MONUSDshort+0.0240%1h0.02504−0.243%$6K$3K5x
BloFin MON-USDT+0.0340%4h0.02502−0.315%$1.3M$333K75xas long as short
Aftermath Perps MONUSD+0.0465%1h0.02508−0.094%$5K$103K10xas long as short
Coinbase International MON-PERP-INTX+0.0744%1h0.02519+0.367%$111K$54K50xas long as short
Kraken Futures PF_MONUSD+0.0798%1h0.02508−0.062%$269K$118K10xas long as short