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: OKX against KuCoin−0.238%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1311.305% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.222%+$22 · spread now −0.238%, 7d avg −0.104%

Together, before fees+0.183%+$18 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: OKX is 0.134% 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 −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02526	0.0100	pay 0.0050% / 4h	44m 19s	$2.9M	$682K	75x
Short	OKX MON-USDT-SWAP	0.02520	0.0100	get 0.0050% / 4h	44m 19s	$4.2M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.238%Rate

Funding earned: $0
Price spread: −0.238% → −0.104%: −$13.36
Slippage, 4 orders: −$108.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$143.88
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago	11.94 bp	35.1 bp −$35	653.3 bp −$6,533	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.98 bp	18.0 bp −$18	105.3 bp −$1,053	doesn't fit	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	−0.0384%	1h	0.02523	−0.107%	$6K	$2K	5x	as long as short
Phoenix MON	−0.0316%	1h	0.02523	−0.119%	$12K	$284K	5x	as long as short
Backpack MON_USDC_PERP	−0.0153%	1h	0.02530	+0.150%	$114K	$141K	10x	as long as short
Bybit MONUSDT	−0.0141%	8h	0.02520	−0.238%	$21.4M	$12.8M	50x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0027%	1h	0.02522	−0.143%	$82K	$106K	25x	as long as short
Perpl MON	0.0000%	43m	0.02523	−0.115%	$117K	$2.1M	10x	as long as short
Injective MON/USDC PERP	+0.0033%	1h	0.02541	+0.594%	$6K	$92	5.5x	as long as short
Paradex MON-USD-PERP	+0.0045%	8h	0.02520	−0.245%	$8K	$42	5x	as long as short
ApeX Omni MONUSDT	+0.0087%	1h	0.02509	−0.673%	$68K	$547K	50x	as long as short
Lighter MON	+0.0096%	1h	0.02523	−0.119%	$827K	$676K	10x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02524	−0.078%	$404K	$550K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02524	−0.099%	$33.8M	$6.1M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02524	−0.081%	$100K	$190K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02526	−0.013%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02523	−0.119%	$140K	$83K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02521	−0.182%	$24.2M	$24.7M	75x	as long as short
OKX MON-USDT-SWAPshort	+0.0100%	4h	0.02520	−0.238%	$4.2M	$5.5M	50x
Bulk MON-USD	+0.0100%	1h	0.02520	−0.238%	$103K	$238	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02525	−0.040%	$1.1M	$1.2M	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02526	long leg	$2.9M	$682K	75x
Bitget MONUSDT	+0.0100%	4h	0.02524	−0.079%	$2.8M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02515	−0.421%	$752K	$329K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02509	−0.677%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02525	−0.025%	$562K	$1.4M	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02523	−0.119%	$16K	$35K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02522	−0.158%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02524	−0.083%	$60K	$402K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02521	−0.198%	$38K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0206%	1h	0.02525	−0.029%	$276K	$121K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02523	−0.139%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02523	−0.119%	$1.4M	$372K	75x	as long as short
Aftermath Perps MONUSD	+0.0403%	1h	0.02521	−0.193%	$5K	$96K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0632%	1h	0.02528	+0.095%	$106K	$55K	50x	as long as short