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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:12 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.031%
Price spread now: Pacifica against Perpl−0.035%7-day average −0.023% · 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−0.176%−$18 on $10k
Price spread, last 3 days (all we have)−0.185%−$19 · spread now −0.035%, 7d avg −0.023%
Together, before fees−0.361%+ Points / potential airdropPerpl: Active · Pacifica: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl MON0.026020.0447pay 0.0040% / 43m31m 44s$120K$2.1M10x
ShortPacifica MON0.026010.0100get 0.0013% / 1h9m 44s$144K$103K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$72.77
Price spread: −0.035% → −0.023%
−$1.19
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$95.76
Costs to cover
0.218%
Break-even
never at this rate
Slippage unknown: Perpl: no order-book sample; Pacifica: live order book, 63 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 Pacifica live order book, 63 min ago3.91 bp19.3 bp −$19doesn't fitdoesn'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
Injective MON/USDC PERP−0.0444%1h0.02570−1.237%$6K$1085.5xas long as short
Phoenix MON0.0000%1h0.02601−0.042%$14K$351K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02599−0.115%$70K$119K25xas long as short
01 Exchange MONUSD+0.0016%1h0.02602−0.023%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0063%4h0.02596−0.238%$17K$59K10xas long as short
Bybit MONUSDT+0.0092%8h0.02596−0.238%$21.6M$12.2M50xas long as short
Paradex MON-USD-PERP+0.0092%8h0.02599−0.132%$8K$425xas long as short
Lighter MON+0.0096%1h0.02600−0.085%$866K$755K10xas long as short
Nado MON-PERP+0.0100%1h0.02608+0.223%$402K$523K10xas long as short
Hyperliquid MON+0.0100%1h0.02603+0.015%$35.5M$7.4M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02599−0.132%$108K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02601−0.063%$13K5xas long as short
Pacifica MONshort+0.0100%1h0.02601−0.035%$144K$103K3x
Binance MONUSDT+0.0100%4h0.02597−0.192%$24.8M$25.4M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02594−0.315%$4.4M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02560−1.606%$106K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.02598−0.161%$979K$930K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02601−0.046%$3.0M$728K75xas long as short
Bitget MONUSDT+0.0100%4h0.02599−0.123%$2.8M$1.9M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02599−0.123%$129K$142K10xas long as short
Variational Omni MON+0.0100%8h0.02593−0.370%$780K$411Kas long as short
edgeX MONUSDC+0.0100%4h0.02582−0.784%$44K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02600−0.084%$581K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02584−0.699%$69K$488K50xas long as short
SoDEX MON-USD+0.0100%1h0.02596−0.238%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02603+0.028%$50K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02596−0.238%$39K3xas long as short
Aftermath Perps MONUSD+0.0198%1h0.02590−0.471%$4K$74K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02600−0.077%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02594−0.315%$1.4M$309K75xas long as short
Perpl MONlong+0.0447%43m0.02602long leg$120K$2.1M10x
Kraken Futures PF_MONUSD+0.0460%1h0.02599−0.118%$273K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0808%1h0.02604+0.088%$114K$52K50xas long as short