Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.033%

Price spread now: 01 Exchange against OKX−0.024%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.024% cheaper against OKX than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MON-USDT-SWAP	0.02502	0.0100	pay 0.0050% / 4h	1h 54m	$4.2M	$6.2M	50x
Short	01 Exchange MONUSD	0.02501	0.0208	get 0.0026% / 1h	54m 17s	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.024%Rate

Funding earned: $22.68
Price spread: −0.024% → 0.000%: −$2.4
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $3.28
Costs to cover: 0.170%
Break-even: 6.0 days

Slippage unknown: OKX: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 4 min ago	1.99 bp	15.1 bp −$15	80.7 bp −$807	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0012%	1h	0.02506	+0.152%	$114K	$154K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02509	+0.288%	$12K	$353K	5x	as long as short
Bybit MONUSDT	+0.0034%	8h	0.02499	−0.120%	$20.5M	$13.7M	50x	as long as short
Aftermath Perps MONUSD	+0.0083%	1h	0.02511	+0.359%	$6K	$98K	10x	as long as short
Orderly PERP_MON_USDC	+0.0085%	4h	0.02502	0.000%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02503	+0.040%	$803K	$786K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02500	−0.062%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02506	+0.152%	$401K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02501	−0.052%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02502	+0.020%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02502	0.000%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02501	−0.040%	$23.8M	$27.6M	75x	as long as short
OKX MON-USDT-SWAPlong	+0.0100%	4h	0.02502	long leg	$4.2M	$6.2M	50x
Bulk MON-USD	+0.0100%	1h	0.02520	+0.714%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02501	−0.040%	$936K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02504	+0.080%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02503	+0.040%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02507	+0.182%	$743K	$413K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02513	+0.437%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02513	+0.432%	$558K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02509	+0.280%	$68K	$532K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	+0.080%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02505	+0.125%	$53K	$262K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02501	−0.032%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02506	+0.160%	$5K	$108	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0110%	1h	0.02502	+0.012%	$74K	$135K	25x	as long as short
01 Exchange MONUSDshort	+0.0208%	1h	0.02501	−0.024%	$7K	$2K	5x
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02501	−0.044%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.160%	$1.3M	$347K	75x	as long as short
Hyperliquid MON	+0.0372%	1h	0.02505	+0.124%	$33.8M	$7.8M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02503	+0.044%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02542	+1.619%	$112K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0843%	1h	0.02507	+0.193%	$269K	$118K	10x	as long as short