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: edgeX against Nado−0.466%62s7-day average −0.182% · 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−$580.581% of the position

Long on Nado Short on edgeX

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)+0.103%+$10 · spread now −0.466%, 7d avg −0.182%

Together, before fees+0.099%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$10 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: edgeX is 0.284% cheaper against Nado than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.182%. The two prices were read 62 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	0.02562	0.0100	pay 0.0012% / 1h	3m 36s	$389K	$543K	10x
Short	edgeX MONUSDC	0.02550	0.0100	get 0.0050% / 4h	1h 03m	$47K	$243K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.466%Rate

Funding earned: $0
Price spread: −0.466% → −0.182%: −$28.42
Slippage, 4 orders: −$42.09
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$86.51
Costs to cover: 0.581%
Break-even: 8887555433629376.0 days

Slippage from Nado: live order book, 14 min ago; edgeX: live order book, 14 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, 14 min ago	2.33 bp	11.1 bp −$11	1150.3 bp −$11.5K	doesn't fit	doesn't fit
Sell edgeX live order book, 14 min ago	7.77 bp	19.4 bp −$19	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
Bybit MONUSDT	−0.0068%	8h	0.02558	−0.177%	$21.1M	$11.9M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.498%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02565	+0.096%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02561	−0.033%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02562	+0.006%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0034%	1h	0.02563	+0.047%	$2K	$74K	10x	as long as short
01 Exchange MONUSD	+0.0040%	1h	0.02561	−0.041%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02560	−0.088%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0089%	8h	0.02560	−0.073%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02562	−0.010%	$855K	$784K	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	0.02562	long leg	$389K	$543K	10x
Hyperliquid MON	+0.0100%	1h	0.02563	+0.037%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02560	−0.070%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02560	−0.101%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02561	−0.041%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02561	−0.049%	$24.4M	$24.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02560	−0.088%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.247%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02560	−0.088%	$991K	$879K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02562	−0.010%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02561	−0.041%	$127K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.355%	$770K	$408K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02550	−0.466%	$47K	$243K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02570	+0.291%	$576K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02553	−0.361%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02562	−0.010%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02563	+0.040%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02561	−0.029%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02566	+0.142%	$269K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02562	−0.021%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0272%	4h	0.02563	+0.029%	$3.0M	$707K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02555	−0.283%	$1.4M	$305K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02565	+0.100%	$113K	$50K	50x	as long as short