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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:21 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%
Price spread now: Gate against Perpl−0.115%45s7-day average −0.074% · you buy dearer than you sell
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−0.221%−$22 on $10k
Price spread, last 7 days−0.057%−$6 · spread now −0.115%, 7d avg −0.074%
Together, before fees−0.278%+ Points / potential airdropPerpl: Active · farm board−$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.041% cheaper against Perpl than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.074%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.221%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl MON0.025300get 0.0000% / 43m25m 42s$106K$2.3M10x
ShortGate MON_USDT0.025270.0100get 0.0050% / 4h1h 37m$945K$917K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Perpl. 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
$21
Price spread: −0.115% → −0.074%
−$4.11
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$11.91
Costs to cover
0.288%
Break-even
11.0 days
Slippage unknown: Perpl: no order-book sample; Gate: live order book, 24 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 Perpl no order-book sample
Sell Gate live order book, 24 min ago3.94 bp21.6 bp −$22306.9 bp −$3,069doesn't fitdoesn't fit
Perpl: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix MON−0.0316%1h0.02528−0.059%$13K$367K5xas long as short
Backpack MON_USDC_PERP−0.0285%1h0.02526−0.138%$114K$151K10xas long as short
Injective MON/USDC PERP−0.0253%1h0.02531+0.043%$5K$1065.5xas long as short
Bybit MONUSDT−0.0152%8h0.02524−0.233%$20.7M$12.9M50xas long as short
01 Exchange MONUSD−0.0040%1h0.02529−0.020%$6K$1K5xas long as short
Perpl MONlong0.0000%43m0.02530long leg$106K$2.3M10x
Orderly PERP_MON_USDC+0.0078%4h0.02527−0.115%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02528−0.075%$842K$738K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02527−0.127%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02528−0.089%$407K$540K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02528−0.071%$34.2M$7.4M5xas long as short
Aster MONUSDT+0.0100%4h0.02528−0.073%$101K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02525−0.204%$13K5xas long as short
Pacifica MON+0.0100%1h0.02526−0.142%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02525−0.190%$24.1M$26.1M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02526−0.154%$4.2M$5.8M50xas long as short
Bulk MON-USD+0.0100%1h0.02530+0.004%$105K$4K10xas long as short
Gate MON_USDTshort+0.0100%4h0.02527−0.115%$945K$917K50x
KuCoin MONUSDTM+0.0100%4h0.02529−0.036%$2.9M$742K75xas long as short
Bitget MONUSDT+0.0100%4h0.02529−0.036%$2.7M$2.0M25xas long as short
Variational Omni MON+0.0100%8h0.02524−0.253%$750K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02528−0.066%$43K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02537+0.286%$568K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02537+0.281%$68K$501K50xas long as short
SoDEX MON-USD+0.0100%1h0.02527−0.115%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02528−0.077%$50K$516K10xas long as short
Aevo MON-PERP+0.0104%1h0.02527−0.115%$38K3xas long as short
Deribit MON_USDC-PERPETUAL+0.0106%1h0.02529−0.047%$68K$125K25xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02527−0.103%$9K50xas long as short
Aftermath Perps MONUSD+0.0265%1h0.02531+0.045%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02526−0.154%$1.3M$307K75xas long as short
Kraken Futures PF_MONUSD+0.0492%1h0.02527−0.110%$269K$100K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02542+0.470%$111K$52K50xas long as short