Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Pacifica+0.160%52s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as 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−$1091.090% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.160%, 7d avg +0.011%

Together, before fees−0.318%+ Points / potential airdropPacifica: Active · farm board−$32 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: Bitget is 0.149% dearer against Pacifica than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 52 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	Pacifica MON	0.02499	0.0100	pay 0.0013% / 1h	7m 53s	$138K	$92K	3x
Short	Bitget MONUSDT	0.02503	0.0100	get 0.0050% / 4h	3h 07m	$2.7M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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 PacificabpFee BitgetbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → +0.011%: $14.89
Slippage, 4 orders: −$88.99
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.11
Costs to cover: 1.090%
Break-even: never at this rate

Slippage from Pacifica: live order book, 45 min ago; Bitget: live order book, 5 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 Pacifica live order book, 45 min ago	1.98 bp	29.0 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.97 bp	22.1 bp −$22	66.6 bp −$666	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
Injective MON/USDC PERP	−0.0203%	1h	0.02515	+0.640%	$5K	$114	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02513	+0.552%	$12K	$358K	5x	as long as short
Bybit MONUSDT	+0.0006%	8h	0.02499	0.000%	$20.6M	$13.5M	50x	as long as short
Backpack MON_USDC_PERP	+0.0018%	1h	0.02502	+0.116%	$110K	$152K	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0070%	1h	0.02501	+0.068%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0078%	4h	0.02499	0.000%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02504	+0.200%	$840K	$733K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02498	−0.032%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02501	+0.074%	$404K	$586K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02505	+0.224%	$33.7M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02500	+0.040%	$100K	$218K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02501	+0.063%	$12K	—	5x	as long as short
Pacifica MONlong	+0.0100%	1h	0.02499	long leg	$138K	$92K	3x
Binance MONUSDT	+0.0100%	4h	0.02502	+0.111%	$23.8M	$27.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02503	+0.160%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	+0.445%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02500	+0.040%	$934K	$991K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02501	+0.080%	$2.9M	$765K	75x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02503	+0.160%	$2.7M	$2.2M	25x
Variational Omni MON	+0.0100%	8h	0.02506	+0.262%	$743K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02515	+0.654%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02517	+0.711%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02517	+0.720%	$68K	$521K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02500	+0.040%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02503	+0.179%	$50K	$270K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02499	+0.020%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0200%	1h	0.02497	−0.072%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02500	+0.024%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0322%	1h	0.02509	+0.387%	$2K	$78K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	+0.040%	$1.3M	$338K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+1.240%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02502	+0.128%	$113K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0728%	1h	0.02503	+0.170%	$269K	$113K	10x	as long as short