Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Binance against Nado−0.337%48s7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$440.439% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.337%, 7d avg −0.153%

Together, before fees−0.012%+ Points / potential airdropNado: Active · farm board−$1 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 0.185% cheaper against Nado than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.153%. The two prices were read 48 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	Nado MON-PERP	0.02580	0.0100	pay 0.0012% / 1h	13m 36s	$388K	$540K	10x
Short	Binance MONUSDT	0.02572	0.0100	get 0.0050% / 4h	1h 13m	$24.5M	$24.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now −0.337%Rate

Funding earned: $0
Price spread: −0.337% → −0.153%: −$18.47
Slippage, 4 orders: −$26.93
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.41
Costs to cover: 0.439%
Break-even: 160086191338544.3 days

Slippage from Nado: live order book, 4 min ago; Binance: live order book, 13 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 Nado live order book, 4 min ago	2.33 bp	11.1 bp −$11	1150.3 bp −$11.5K	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.94 bp	6.9 bp −$7	47.3 bp −$473	339.5 bp −$34.0K	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
Bybit MONUSDT	−0.0060%	8h	0.02569	−0.436%	$21.3M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	−0.203%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	−0.176%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02577	−0.130%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02576	−0.172%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0025%	1h	0.02577	−0.142%	$2K	$73K	10x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02570	−0.389%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02573	−0.281%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0086%	8h	0.02572	−0.304%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02574	−0.242%	$853K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERPlong	+0.0100%	1h	0.02580	long leg	$388K	$540K	10x
Hyperliquid MON	+0.0100%	1h	0.02578	−0.099%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02576	−0.154%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02575	−0.217%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02573	−0.265%	$142K	$104K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02572	−0.337%	$24.5M	$24.6M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02567	−0.513%	$4.4M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	−0.104%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02571	−0.358%	$996K	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02570	−0.397%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02575	−0.188%	$128K	$138K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02571	−0.352%	$779K	$406K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	−0.224%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	−0.126%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02576	−0.165%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02575	−0.203%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02573	−0.288%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02575	−0.200%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02580	−0.029%	$271K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02575	−0.196%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0308%	4h	0.02578	−0.087%	$3.2M	$667K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02575	−0.203%	$1.3M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.025%	$114K	$49K	50x	as long as short