Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0600%/8h= +65.7% APRpaid last 24h +0.158%

Price spread now: Coinbase International against KuCoin+1.990%7-day average +0.399% · you sell dearer than you buy

Net, funding: paid 7d − costs−$618as in the Funding arb table

Net, price: spread back to 7d avg − costs−$555as in the Price arb table

costs, in and out, $10k−$7147.138% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.959%+$96 on $10k

Price spread, last 3 days (all we have)−1.584%−$158 · spread now +1.990%, 7d avg +0.399%

Together, before fees−0.625%−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Coinbase International is 1.591% dearer against KuCoin than usual: you sell high and buy low: +$159 more if the spread goes back to its 7-day average of +0.399%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02558	0.0208	pay 0.0104% / 4h	3h 50m	$3.0M	$721K	75x
Short	Coinbase International MON-PERP-INTX	0.02609	0.0808	get 0.0101% / 1h	50m 14s	$115K	$50K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +1.990%Rate

Funding earned: $126
Price spread: +1.990% → +0.399%: $159.07
Slippage, 4 orders: −$691.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$428.73
Costs to cover: 7.138%
Break-even: 30.8 days

Slippage from KuCoin: live order book, 7 min ago; Coinbase International: live order book, 22 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, 7 min ago	9.76 bp	235.0 bp −$235	799.1 bp −$7,991	doesn't fit	doesn't fit
Sell Coinbase International live order book, 22 min ago	36.15 bp	123.4 bp −$123	doesn't fit	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
Injective MON/USDC PERP	−0.0444%	1h	0.02556	−0.078%	$6K	$105	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0130%	1h	0.02554	−0.149%	$127K	$142K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02556	−0.098%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02555	−0.125%	$69K	$119K	25x	as long as short
Bybit MONUSDT	+0.0011%	8h	0.02552	−0.235%	$21.1M	$12.1M	50x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02555	−0.125%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02553	−0.195%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02555	−0.117%	$849K	$744K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02553	−0.209%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02556	−0.082%	$389K	$539K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02555	−0.102%	$34.6M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02555	−0.135%	$106K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02552	−0.223%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02554	−0.164%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02553	−0.208%	$24.4M	$25.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02552	−0.235%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02560	+0.078%	$107K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02553	−0.195%	$973K	$891K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02554	−0.156%	$2.7M	$1.9M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02550	−0.309%	$771K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02555	−0.123%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02557	−0.039%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02555	−0.117%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02553	−0.195%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02557	−0.025%	$49K	$422K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02553	−0.192%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0131%	1h	0.02556	−0.077%	$3K	$75K	10x	as long as short
KuCoin MONUSDTMlong	+0.0208%	4h	0.02558	long leg	$3.0M	$721K	75x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02555	−0.125%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02552	−0.235%	$1.3M	$306K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02554	−0.145%	$123K	$1.8M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0468%	1h	0.02555	−0.130%	$268K	$78K	10x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0808%	1h	0.02609	+1.990%	$115K	$50K	50x