Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.064%

Price spread now: Pacifica against KuCoin−0.142%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1301.301% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.142%, 7d avg −0.061%

Together, before fees+0.169%+ Points / potential airdropPacifica: Active · farm board+$17 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: Pacifica is 0.081% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02538	0.0100	pay 0.0050% / 4h	1h 56m	$2.9M	$742K	75x
Short	Pacifica MON	0.02534	0.0100	get 0.0013% / 1h	56m 23s	$140K	$93K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.061%: −$8.06
Slippage, 4 orders: −$110.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$138.2
Costs to cover: 1.301%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Pacifica: live order book, 6 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	13.78 bp	48.1 bp −$48	703.5 bp −$7,035	doesn't fit	doesn't fit
Sell Pacifica live order book, 6 min ago	5.91 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit

MON on 32 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	−0.0253%	1h	0.02546	+0.315%	$6K	$105	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0152%	1h	0.02525	−0.493%	$117K	$149K	10x	as long as short
Bybit MONUSDT	−0.0061%	8h	0.02535	−0.118%	$20.8M	$12.8M	50x	as long as short
01 Exchange MONUSD	−0.0016%	1h	0.02542	+0.165%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02536	−0.063%	$13K	$345K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0065%	1h	0.02539	+0.024%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0077%	4h	0.02538	0.000%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02539	+0.039%	$846K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02537	−0.038%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02543	+0.198%	$407K	$539K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02544	+0.225%	$34.5M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02540	+0.093%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02536	−0.081%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02534	−0.142%	$140K	$93K	3x
Binance MONUSDT	+0.0100%	4h	0.02539	+0.058%	$24.2M	$25.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02536	−0.079%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02531	−0.290%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02538	0.000%	$941K	$902K	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02538	long leg	$2.9M	$742K	75x
Bitget MONUSDT	+0.0100%	4h	0.02540	+0.079%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02533	−0.214%	$753K	$404K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02535	−0.116%	$43K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02534	−0.171%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02532	−0.236%	$68K	$498K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02537	−0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02539	+0.055%	$48K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02537	−0.028%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02541	+0.099%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0307%	1h	0.02534	−0.143%	$2K	$74K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02541	+0.134%	$106K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0490%	1h	0.02540	+0.073%	$268K	$97K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02530	−0.319%	$111K	$51K	50x	as long as short