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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.019%
Price spread now: OKX against Injective+0.120%7-day average · you sell dearer than you buy
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 feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.120% dearer against Injective than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective MON/USDC PERP0.02498−0.0176get 0.0022% / 1h18m 47s$5K$1125.5x
ShortOKX MON-USDT-SWAP0.025010.0100get 0.0050% / 4h18m 47s$4.2M$6.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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
$57.92
Price spread: +0.120% → 0.000%
$12.01
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee OKX: 5 bp × 2 orders
−$10
Net
$59.91
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; OKX: live order book, 4 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 Injective no order-book sample
Sell OKX live order book, 4 min ago3.99 bp18.8 bp −$1983.6 bp −$836doesn't fitdoesn't fit
Injective: 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
01 Exchange MONUSD−0.0240%1h0.02502+0.176%$6K$1K5xas long as short
Backpack MON_USDC_PERP−0.0184%1h0.02504+0.244%$113K$151K10xas long as short
Injective MON/USDC PERPlong−0.0176%1h0.02498long leg$5K$1125.5x
Bybit MONUSDT−0.0147%8h0.02500+0.072%$20.6M$13.3M50xas long as short
Phoenix MON0.0000%1h0.02502+0.180%$12K$359K5xas long as short
Perpl MON0.0000%43m0.02505+0.272%$107K$2.3M10xas long as short
Deribit MON_USDC-PERPETUAL+0.0030%1h0.02504+0.244%$74K$136K25xas long as short
Orderly PERP_MON_USDC+0.0072%4h0.02504+0.240%$16K$38K10xas long as short
Variational Omni MON+0.0076%8h0.02500+0.062%$738K$409Kas long as short
Paradex MON-USD-PERP+0.0093%8h0.02500+0.084%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MON+0.0096%1h0.02503+0.200%$842K$749K10xas long as short
Nado MON-PERP+0.0100%1h0.02504+0.254%$424K$574K10xas long as short
Hyperliquid MON+0.0100%1h0.02503+0.216%$33.8M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02504+0.256%$101K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02503+0.210%$13K5xas long as short
Pacifica MON+0.0100%1h0.02503+0.192%$138K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02501+0.120%$23.8M$26.9M75xas long as short
OKX MON-USDT-SWAPshort+0.0100%4h0.02501+0.120%$4.2M$6.0M50x
Bulk MON-USD+0.0100%1h0.02505+0.275%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02502+0.160%$938K$993K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02505+0.280%$2.8M$757K75xas long as short
Bitget MONUSDT+0.0100%4h0.02504+0.240%$2.7M$2.2M25xas long as short
edgeX MONUSDC+0.0100%4h0.02503+0.218%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02506+0.328%$562K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02502+0.160%$67K$511K50xas long as short
SoDEX MON-USD+0.0100%1h0.02503+0.200%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02503+0.215%$49K$519K10xas long as short
Aevo MON-PERP+0.0104%1h0.02502+0.180%$38K3xas long as short
Aftermath Perps MONUSD+0.0255%1h0.02504+0.242%$2K$74K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02503+0.192%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02500+0.080%$1.3M$337K75xas long as short
Coinbase International MON-PERP-INTX+0.0408%1h0.02507+0.368%$109K$57K50xas long as short
Kraken Futures PF_MONUSD+0.0544%1h0.02506+0.308%$269K$114K10xas long as short