Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.060%

Price spread now: KuCoin against Nado−0.016%7-day average −0.061% · 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−$108as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now −0.016%, 7d avg −0.061%

Together, before fees−0.099%+ Points / potential airdropNado: 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: KuCoin is 0.045% dearer against Nado than usual: you sell high and buy low, +$4 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	Nado MON-PERP	0.02497	0.0100	pay 0.0012% / 1h	55m 43s	$391K	$576K	10x
Short	KuCoin MONUSDTM	0.02497	0.0100	get 0.0050% / 4h	55m 43s	$2.9M	$766K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.061%: $4.47
Slippage, 4 orders: −$93.78
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$108.31
Costs to cover: 1.128%
Break-even: 264011223329040.6 days

Slippage from Nado: live order book, 47 min ago; KuCoin: 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, 47 min ago	2.20 bp	10.3 bp −$10	1422.2 bp −$14.2K	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	8.00 bp	58.7 bp −$59	470.7 bp −$4,707	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
Injective MON/USDC PERP	−0.0032%	1h	0.02500	+0.104%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02497	−0.024%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02492	−0.196%	$126K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02492	−0.220%	$72K	$138K	25x	as long as short
Orderly PERP_MON_USDC	+0.0090%	4h	0.02493	−0.176%	$16K	$42K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02495	−0.096%	$800K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02492	−0.201%	$7K	$42	5x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02497	long leg	$391K	$576K	10x
Aster MONUSDT	+0.0100%	4h	0.02493	−0.179%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02496	−0.061%	$12K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02496	−0.060%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02492	−0.216%	$23.7M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02491	−0.256%	$20.7M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02492	−0.216%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.104%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02492	−0.216%	$929K	$1.0M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02497	−0.016%	$2.9M	$766K	75x
Bitget MONUSDT	+0.0100%	4h	0.02495	−0.096%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02494	−0.148%	$109K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02488	−0.375%	$738K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02496	−0.048%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02499	+0.064%	$564K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02496	−0.056%	$68K	$536K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02491	−0.256%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02494	−0.124%	$53K	$271K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02491	−0.269%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02491	−0.277%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0296%	1h	0.02493	−0.168%	$6K	$3K	5x	as long as short
Hyperliquid MON	+0.0297%	1h	0.02497	−0.032%	$33.8M	$7.8M	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02498	+0.024%	$1.3M	$347K	75x	as long as short
Aftermath Perps MONUSD	+0.0489%	1h	0.02498	+0.035%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02505	+0.312%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1209%	1h	0.02494	−0.137%	$268K	$119K	10x	as long as short