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 0.000%

Price spread now: ApeX Omni against OKX+0.155%80s7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

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

costs, in and out, $10k−$780.779% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.155%, 7d avg +0.064%

Together, before fees−0.085%−$9 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: ApeX Omni is 0.091% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 80 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	OKX MON-USDT-SWAP	0.02578	0.0100	pay 0.0050% / 4h	1h 48m	$4.4M	$5.9M	50x
Short	ApeX Omni MONUSDT	0.02582	0.0100	get 0.0013% / 1h	48m 13s	$69K	$480K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.155%Rate

Funding earned: $0
Price spread: +0.155% → +0.064%: $9.11
Slippage, 4 orders: −$57.93
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$68.82
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; ApeX Omni: live order book, 34 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 OKX live order book, 5 min ago	1.94 bp	23.7 bp −$24	97.5 bp −$975	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 34 min ago	9.61 bp	18.0 bp −$18	108.8 bp −$1,088	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
01 Exchange MONUSD	−0.0112%	1h	0.02581	+0.105%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.155%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0035%	8h	0.02578	0.000%	$21.5M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02580	+0.062%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02582	+0.144%	$144K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02582	+0.136%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0039%	1h	0.02584	+0.231%	$2K	$74K	10x	as long as short
Paradex MON-USD-PERP	+0.0071%	8h	0.02578	+0.012%	$8K	$42	5x	as long as short
Orderly PERP_MON_USDC	+0.0075%	4h	0.02579	+0.039%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02581	+0.116%	$846K	$763K	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-PERP	+0.0100%	1h	0.02581	+0.131%	$387K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02584	+0.225%	$34.9M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02581	+0.118%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02580	+0.070%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02579	+0.039%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02581	+0.107%	$24.5M	$24.7M	75x	as long as short
OKX MON-USDT-SWAPlong	+0.0100%	4h	0.02578	long leg	$4.4M	$5.9M	50x
Bulk MON-USD	+0.0100%	1h	0.02580	+0.078%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02580	+0.078%	$1.0M	$862K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02582	+0.155%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02572	−0.222%	$777K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02577	−0.027%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02581	+0.113%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02582	+0.155%	$69K	$480K	50x
SoDEX MON-USD	+0.0100%	1h	0.02579	+0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02583	+0.201%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02581	+0.105%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02583	+0.206%	$266K	$70K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02582	+0.155%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02580	+0.078%	$1.4M	$293K	75x	as long as short
KuCoin MONUSDTM	+0.0358%	4h	0.02588	+0.388%	$3.2M	$766K	75x	as long as short
Backpack MON_USDC_PERP	+0.0415%	1h	0.02579	+0.035%	$138K	$136K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.113%	$114K	$49K	50x	as long as short