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 +0.056%

Price spread now: KuCoin against OKX−0.040%7-day average +0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1311.310% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.040%, 7d avg +0.102%

Together, before fees+0.102%+$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 0.142% cheaper against OKX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MON-USDT-SWAP	0.02526	0.0100	pay 0.0050% / 4h	3h 21m	$4.2M	$6.1M	50x
Short	KuCoin MONUSDTM	0.02525	0.0100	get 0.0050% / 4h	3h 21m	$2.9M	$769K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.102%: −$14.2
Slippage, 4 orders: −$108.99
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$145.19
Costs to cover: 1.310%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago	3.96 bp	16.3 bp −$16	79.4 bp −$794	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	12.01 bp	51.6 bp −$52	467.1 bp −$4,671	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	−0.0130%	1h	0.02525	−0.051%	$112K	$156K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−0.831%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02501	−1.002%	$13K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0027%	1h	0.02527	+0.055%	$73K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02526	0.000%	$811K	$766K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02520	−0.256%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02529	+0.107%	$34.1M	$6.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02525	−0.024%	$100K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02524	−0.095%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02523	−0.111%	$140K	$91K	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	0.02524	−0.079%	$24.2M	$27.7M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02524	−0.067%	$21.1M	$13.7M	50x	as long as short
OKX MON-USDT-SWAPlong	+0.0100%	4h	0.02526	long leg	$4.2M	$6.1M	50x
Bulk MON-USD	+0.0100%	1h	0.02492	−1.349%	$102K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02525	−0.040%	$951K	$1.0M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02525	−0.040%	$2.9M	$769K	75x
Bitget MONUSDT	+0.0100%	4h	0.02526	0.000%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02493	−1.306%	$740K	$378K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02514	−0.464%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	−0.230%	$571K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02519	−0.277%	$68K	$546K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02527	+0.027%	$392K	$573K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02527	+0.040%	$16K	$40K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02526	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02529	+0.137%	$58K	$326K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02526	0.000%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0152%	1h	0.02526	+0.020%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02525	−0.051%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02522	−0.158%	$1.3M	$372K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02526	−0.008%	$119K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0509%	1h	0.02512	−0.548%	$5K	$102K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02529	+0.107%	$112K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0791%	1h	0.02529	+0.134%	$272K	$118K	10x	as long as short