Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.008%

Price spread now: BloFin against Nado−0.086%7-day average −0.116% · 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−$51as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 3 days (all we have)+0.197%+$20 · spread now −0.086%, 7d avg −0.116%

Together, before fees+0.320%+ Points / potential airdropNado: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.030% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MON-PERP	0.02598	0.0100	pay 0.0013% / 1h	46m 09s	$397K	$546K	10x
Short	BloFin MON-USDT	0.02596	0.0340	get 0.0170% / 4h	46m 09s	$1.4M	$311K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $50.4
Price spread: −0.086% → −0.116%: $2.98
Slippage, 4 orders: −$35.04
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.65
Costs to cover: 0.540%
Break-even: 7.1 days

Slippage from Nado: live order book, 32 min ago; BloFin: 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 Nado live order book, 32 min ago	2.33 bp	11.1 bp −$11	1150.3 bp −$11.5K	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	5.78 bp	14.1 bp −$14	36.7 bp −$367	155.7 bp −$15.6K	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	−0.0121%	1h	0.02575	−0.894%	$6K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0056%	8h	0.02591	−0.275%	$21.5M	$12.0M	50x	as long as short
01 Exchange MONUSD	−0.0016%	1h	0.02595	−0.125%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02589	−0.352%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02596	−0.094%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02597	−0.036%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0021%	1h	0.02589	−0.349%	$2K	$75K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02596	−0.086%	$17K	$64K	10x	as long as short
Variational Omni MON	+0.0088%	8h	0.02583	−0.580%	$781K	$409K	—	as long as short
Paradex MON-USD-PERP	+0.0092%	8h	0.02593	−0.217%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02595	−0.125%	$862K	$793K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02598	+0.002%	$35.1M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02597	−0.064%	$109K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02594	−0.170%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02593	−0.202%	$143K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02594	−0.166%	$24.7M	$25.2M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02591	−0.279%	$4.4M	$6.0M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02596	−0.086%	$1.0M	$871K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02595	−0.125%	$2.8M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02597	−0.055%	$129K	$141K	10x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02590	−0.306%	$48K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02590	−0.317%	$577K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02584	−0.548%	$69K	$481K	50x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02598	long leg	$397K	$546K	10x
SoDEX MON-USD	+0.0100%	1h	0.02595	−0.125%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02588	−0.400%	$109K	$3K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02599	+0.020%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02596	−0.078%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02596	−0.067%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0262%	4h	0.02599	+0.029%	$3.0M	$715K	75x	as long as short
BloFin MON-USDTshort	+0.0340%	4h	0.02596	−0.086%	$1.4M	$311K	75x
Kraken Futures PF_MONUSD	+0.0416%	1h	0.02598	+0.006%	$273K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+0.410%	$115K	$50K	50x	as long as short