Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: OKX against Nado−0.200%7-day average −0.197% · 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−$58as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.200%, 7d avg −0.197%

Together, before fees−0.030%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MON-PERP	0.02494	0.0100	pay 0.0012% / 1h	28m 13s	$396K	$572K	10x
Short	OKX MON-USDT-SWAP	0.02489	0.0100	get 0.0050% / 4h	1h 28m	$4.2M	$6.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → −0.197%: −$0.36
Slippage, 4 orders: −$40.95
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$58.31
Costs to cover: 0.579%
Break-even: 142127738292640.6 days

Slippage from Nado: live order book, 15 min ago; OKX: live order book, 5 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, 15 min ago	2.20 bp	10.3 bp −$10	1422.2 bp −$14.2K	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.02 bp	19.4 bp −$19	69.0 bp −$690	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
Phoenix MON	0.0000%	1h	0.02487	−0.272%	$13K	$353K	5x	as long as short
Bybit MONUSDT	+0.0066%	8h	0.02488	−0.240%	$20.5M	$13.7M	50x	as long as short
Orderly PERP_MON_USDC	+0.0085%	4h	0.02489	−0.200%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02490	−0.160%	$798K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02491	−0.127%	$7K	$42	5x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02494	long leg	$396K	$572K	10x
Aster MONUSDT	+0.0100%	4h	0.02490	−0.164%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02487	−0.283%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02491	−0.140%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02489	−0.213%	$23.7M	$27.6M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MON-USDT-SWAPshort	+0.0100%	4h	0.02489	−0.200%	$4.2M	$6.1M	50x
Bulk MON-USD	+0.0100%	1h	0.02485	−0.360%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02489	−0.200%	$927K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02494	0.000%	$2.9M	$767K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02489	−0.200%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02492	−0.072%	$109K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02489	−0.218%	$738K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02490	−0.176%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02492	−0.099%	$562K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02489	−0.200%	$68K	$536K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02489	−0.200%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02492	−0.072%	$48K	$266K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02489	−0.216%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02489	−0.200%	$5K	$111	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0112%	1h	0.02490	−0.160%	$72K	$138K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02488	−0.228%	$6K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0233%	1h	0.02491	−0.108%	$6K	$100K	10x	as long as short
01 Exchange MONUSD	+0.0240%	1h	0.02490	−0.160%	$6K	$3K	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02490	−0.160%	$1.3M	$347K	75x	as long as short
Hyperliquid MON	+0.0385%	1h	0.02492	−0.068%	$33.7M	$7.8M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02490	−0.156%	$124K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02496	+0.080%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0848%	1h	0.02492	−0.074%	$268K	$119K	10x	as long as short