Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.065%

Price spread now: ApeX Omni against KuCoin−0.633%52s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1251.255% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.542%+$54 · spread now −0.633%, 7d avg −0.070%

Together, before fees+0.515%+$52 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: ApeX Omni is 0.563% cheaper against KuCoin than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of −0.070%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02527	0.0100	pay 0.0050% / 4h	2h 10m	$2.9M	$768K	75x
Short	ApeX Omni MONUSDT	0.02511	0.0100	get 0.0013% / 1h	10m 34s	$68K	$530K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.633%Rate

Funding earned: $0
Price spread: −0.633% → −0.070%: −$56.28
Slippage, 4 orders: −$103.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$181.73
Costs to cover: 1.255%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 2 min ago	13.90 bp	32.9 bp −$33	843.2 bp −$8,432	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 37 min ago	10.02 bp	22.0 bp −$22	111.5 bp −$1,115	doesn't fit	doesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack MON_USDC_PERP	−0.0074%	1h	0.02522	−0.218%	$115K	$154K	10x	as long as short
Bybit MONUSDT	−0.0002%	8h	0.02532	+0.198%	$20.8M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02513	−0.550%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02519	−0.305%	$74K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02535	+0.324%	$7K	$2K	5x	as long as short
Aftermath Perps MONUSD	+0.0038%	1h	0.02505	−0.871%	$5K	$94K	10x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02506	−0.831%	$5K	$114	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02518	−0.356%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02528	+0.040%	$818K	$773K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02528	+0.035%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02520	−0.292%	$413K	$571K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02531	+0.162%	$34.1M	$7.7M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02531	+0.157%	$100K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02524	−0.109%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02529	+0.067%	$140K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02533	+0.237%	$24.1M	$27.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02533	+0.237%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	−0.673%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02535	+0.317%	$947K	$1.0M	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02527	long leg	$2.9M	$768K	75x
Bitget MONUSDT	+0.0100%	4h	0.02536	+0.356%	$2.8M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02516	−0.453%	$746K	$413K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02511	−0.652%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02508	−0.752%	$557K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02511	−0.633%	$68K	$530K	50x
SoDEX MON-USD	+0.0100%	1h	0.02518	−0.356%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02533	+0.246%	$48K	$256K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02518	−0.336%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02518	−0.336%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02513	−0.554%	$1.3M	$348K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02519	−0.313%	$115K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02519	−0.317%	$111K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1009%	1h	0.02521	−0.235%	$271K	$119K	10x	as long as short