Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Pacifica+0.007%7-day average −0.127% · you sell dearer than you buy

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.199%+$20 · spread now +0.007%, 7d avg −0.127%

Together, before fees+0.164%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$16 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: Variational Omni is 0.135% dearer against Pacifica than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MON	0.02593	0.0100	pay 0.0013% / 1h	27m 24s	$143K	$106K	3x
Short	Variational Omni MON	0.02593	0.0100	get 0.0100% / 8h	2h 27m	$778K	$407K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.127%: $13.46
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.46
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 60 min ago; Variational Omni: RFQ quote, 61 min ago. 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 Pacifica live order book, 60 min ago	5.82 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	9.70 bp	doesn't fit	141.6 bp −$1,416	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	−0.0739%	1h	0.02596	+0.108%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0264%	1h	0.02593	0.000%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0174%	1h	0.02595	+0.062%	$63K	$110K	25x	as long as short
Bybit MONUSDT	−0.0010%	8h	0.02590	−0.123%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02591	−0.069%	$13K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02594	+0.031%	$17K	$64K	10x	as long as short
BloFin MON-USDT	+0.0093%	4h	0.02590	−0.123%	$1.4M	$246K	75x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02593	−0.012%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02594	+0.031%	$850K	$753K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02594	+0.046%	$375K	$527K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02596	+0.104%	$35.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02591	−0.096%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02595	+0.058%	$13K	—	5x	as long as short
Pacifica MONlong	+0.0100%	1h	0.02593	long leg	$143K	$106K	3x
Binance MONUSDT	+0.0100%	4h	0.02593	−0.008%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02591	−0.085%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02600	+0.262%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02593	−0.008%	$1.0M	$933K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02595	+0.069%	$2.8M	$1.8M	25x	as long as short
Variational Omni MONshort	+0.0100%	8h	0.02593	+0.007%	$778K	$407K	—
edgeX MONUSDC	+0.0100%	4h	0.02595	+0.074%	$48K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02593	−0.008%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02594	+0.031%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02593	−0.008%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02596	+0.092%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02593	0.000%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02595	+0.069%	$267K	$67K	10x	as long as short
Aftermath Perps MONUSD	+0.0210%	1h	0.02594	+0.034%	$2K	$73K	10x	as long as short
Backpack MON_USDC_PERP	+0.0231%	1h	0.02592	−0.042%	$137K	$136K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02595	+0.081%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0334%	4h	0.02597	+0.147%	$3.2M	$745K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02594	+0.019%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02609	+0.605%	$115K	$49K	50x	as long as short