Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX−0.039%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.039%, 7d avg +0.057%

Together, before fees+0.104%+$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: Gate is 0.096% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MON-USDT-SWAP	0.02556	0.0100	pay 0.0050% / 4h	3h 01m	$4.3M	$6.2M	50x
Short	Gate MON_USDT	0.02555	0.0100	get 0.0050% / 4h	3h 01m	$999K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.057%: −$9.59
Slippage, 4 orders: −$65.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.97
Costs to cover: 0.904%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, just now.

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, 1 min ago	1.96 bp	19.6 bp −$20	108.0 bp −$1,080	doesn't fit	doesn't fit
Sell Gate live order book, just now	3.91 bp	27.0 bp −$27	228.3 bp −$2,283	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
Backpack MON_USDC_PERP	−0.0147%	1h	0.02556	+0.012%	$114K	$152K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−1.995%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02553	−0.110%	$14K	$346K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02558	+0.078%	$833K	$781K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02555	−0.022%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02561	+0.212%	$394K	$576K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02558	+0.078%	$34.5M	$6.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02556	+0.013%	$101K	$202K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02557	+0.051%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02558	+0.059%	$142K	$89K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02556	0.000%	$24.6M	$26.9M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02553	−0.117%	$21.3M	$13.5M	50x	as long as short
OKX MON-USDT-SWAPlong	+0.0100%	4h	0.02556	long leg	$4.3M	$6.2M	50x
Gate MON_USDTshort	+0.0100%	4h	0.02555	−0.039%	$999K	$1.1M	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02556	0.000%	$2.9M	$756K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02557	+0.039%	$2.8M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02559	+0.120%	$760K	$376K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02562	+0.233%	$42K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02559	+0.117%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02560	+0.156%	$69K	$545K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02557	+0.039%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02556	0.000%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02542	−0.557%	$104K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02558	+0.085%	$61K	$329K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02557	+0.020%	$39K	—	3x	as long as short
01 Exchange MONUSD	+0.0176%	1h	0.02558	+0.074%	$6K	$3K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0219%	1h	0.02558	+0.086%	$73K	$135K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02554	−0.067%	$7K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02561	+0.196%	$1.4M	$404K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02560	+0.172%	$119K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0603%	1h	0.02555	−0.023%	$4K	$97K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02575	+0.747%	$114K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0782%	1h	0.02558	+0.095%	$275K	$118K	10x	as long as short