Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.118%
Price spread now: Hyperliquid against OKX+0.164%7-day average +0.161% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.209%+$21 on $10k
Price spread, last 7 days−0.079%−$8 · spread now +0.164%, 7d avg +0.161%
Together, before fees+0.130%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MON-USDT-SWAP0.025580.0100pay 0.0050% / 4h3h 58m$4.3M$5.9M50x
ShortHyperliquid MON0.025620.0100get 0.0013% / 1h58m 14s$34.7M$7.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.164% → +0.161%
$0.34
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$18.66
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 5 min ago; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago3.91 bp16.0 bp −$1679.9 bp −$799doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.36 bp11.4 bp −$11doesn't fitdoesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0444%1h0.02559+0.039%$6K$1045.5xas long as short
01 Exchange MONUSD−0.0008%1h0.02562+0.152%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02565+0.262%$13K$351K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02559+0.059%$69K$119K25xas long as short
Backpack MON_USDC_PERP+0.0059%1h0.02563+0.195%$127K$141K10xas long as short
Orderly PERP_MON_USDC+0.0070%4h0.02559+0.039%$17K$64K10xas long as short
Lighter MON+0.0096%1h0.02560+0.078%$850K$739K10xas long as short
Paradex MON-USD-PERP+0.0097%8h0.02560+0.083%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02565+0.264%$391K$541K10xas long as short
Hyperliquid MONshort+0.0100%1h0.02562+0.164%$34.7M$7.7M5x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02562+0.148%$106K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02561+0.124%$13K5xas long as short
Pacifica MON+0.0100%1h0.02561+0.133%$141K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02559+0.039%$24.5M$25.5M75xas long as short
Bybit MONUSDT+0.0100%8h0.02558−0.016%$21.1M$12.1M50xas long as short
OKX MON-USDT-SWAPlong+0.0100%4h0.02558long leg$4.3M$5.9M50x
Bulk MON-USD+0.0100%1h0.02560+0.078%$107K−$010xas long as short
Gate MON_USDT+0.0100%4h0.02561+0.117%$978K$888K50xas long as short
Bitget MONUSDT+0.0100%4h0.02561+0.117%$2.7M$1.9M25xas long as short
Variational Omni MON+0.0100%8h0.02560+0.065%$773K$407Kas long as short
edgeX MONUSDC+0.0100%4h0.02561+0.136%$47K$245K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02565+0.274%$581K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02565+0.274%$68K$482K50xas long as short
SoDEX MON-USD+0.0100%1h0.02559+0.039%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02562+0.152%$51K$404K10xas long as short
Aevo MON-PERP+0.0104%1h0.02560+0.063%$39K3xas long as short
Aftermath Perps MONUSD+0.0108%1h0.02562+0.148%$3K$75K10xas long as short
KuCoin MONUSDTM+0.0240%4h0.02565+0.274%$3.0M$719K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0598%1h0.02559+0.051%$8K50xas long as short
BloFin MON-USDT+0.0340%4h0.02562+0.156%$1.3M$307K75xas long as short
Perpl MON+0.0447%43m0.02562+0.141%$124K$1.8M10xas long as short
Kraken Futures PF_MONUSD+0.0466%1h0.02564+0.243%$269K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0808%1h0.02609+1.990%$115K$50K50xas long as short