Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.056%

Price spread now: Binance against KuCoin−0.198%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1351.347% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days+0.190%+$19 · spread now −0.198%, 7d avg −0.068%

Together, before fees+0.152%+$15 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: Binance is 0.130% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.068%.

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	1h 05m	$2.9M	$695K	75x
Short	Binance MONUSDT	0.02522	0.0100	get 0.0050% / 4h	1h 05m	$24.3M	$26.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.198%Rate

Funding earned: $0
Price spread: −0.198% → −0.068%: −$13.01
Slippage, 4 orders: −$112.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$147.72
Costs to cover: 1.347%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 14 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, 5 min ago	17.82 bp	38.4 bp −$38	766.0 bp −$7,660	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.99 bp	17.5 bp −$18	65.4 bp −$654	311.6 bp −$31.2K	doesn't fit

MON on 33 exchanges

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
01 Exchange MONUSD	−0.0464%	1h	0.02521	−0.253%	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	−0.0332%	1h	0.02526	−0.020%	$113K	$146K	10x	as long as short
Injective MON/USDC PERP	−0.0246%	1h	0.02541	+0.554%	$6K	$101	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0225%	1h	0.02523	−0.174%	$80K	$119K	25x	as long as short
Bybit MONUSDT	−0.0151%	8h	0.02521	−0.237%	$21.4M	$13.5M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02524	−0.135%	$12K	$281K	5x	as long as short
Paradex MON-USD-PERP	+0.0034%	8h	0.02521	−0.232%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02525	−0.079%	$828K	$737K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02525	−0.072%	$401K	$575K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02524	−0.119%	$33.8M	$6.3M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02524	−0.119%	$100K	$204K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02525	−0.061%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02525	−0.079%	$140K	$85K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02522	−0.198%	$24.3M	$26.3M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02521	−0.237%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.276%	$103K	$238	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02525	−0.079%	$1.1M	$1.3M	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02527	long leg	$2.9M	$695K	75x
Bitget MONUSDT	+0.0100%	4h	0.02524	−0.119%	$2.8M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	−0.244%	$752K	$368K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02523	−0.170%	$42K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02525	−0.072%	$567K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02526	−0.040%	$68K	$548K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02525	−0.079%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02522	−0.198%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02524	−0.113%	$58K	$320K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02522	−0.198%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02526	−0.047%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02524	−0.119%	$1.4M	$391K	75x	as long as short
Aftermath Perps MONUSD	+0.0372%	1h	0.02524	−0.119%	$5K	$97K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02525	−0.099%	$117K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0696%	1h	0.02526	−0.022%	$276K	$127K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02534	+0.297%	$107K	$55K	50x	as long as short