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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Bybit against SoDEX−0.039%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.039% cheaper against SoDEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MON-USD0.025820.0100pay 0.0013% / 1h28m 53s$5K$6K5x
ShortBybit MONUSDT0.025810.0100get 0.0100% / 8h7h 28m$21.4M$12.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against SoDEX. 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
$0
Price spread: −0.039% → 0.000%
−$3.87
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$22.87
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 5 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 SoDEX no order-book sample
Sell Bybit live order book, 5 min ago3.89 bp19.0 bp −$1960.3 bp −$603doesn't fitdoesn't fit
SoDEX: 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%1h0.02576−0.232%$6K$1075.5xas long as short
Phoenix MON0.0000%1h0.02580−0.093%$13K$351K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02583+0.046%$70K$119K25xas long as short
Orderly PERP_MON_USDC+0.0068%4h0.02581−0.039%$17K$64K10xas long as short
01 Exchange MONUSD+0.0088%1h0.02583+0.027%$6K$1K5xas long as short
Lighter MON+0.0096%1h0.02584+0.077%$861K$754K10xas long as short
Paradex MON-USD-PERP+0.0098%8h0.02580−0.090%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02586+0.151%$394K$534K10xas long as short
Hyperliquid MON+0.0100%1h0.02586+0.143%$35.1M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02581−0.037%$107K$231K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USD+0.0100%1h0.02581−0.047%$13K5xas long as short
Pacifica MON+0.0100%1h0.02582−0.015%$142K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02581−0.030%$24.7M$25.5M75xas long as short
Bybit MONUSDTshort+0.0100%8h0.02581−0.039%$21.4M$12.2M50x
OKX MON-USDT-SWAP+0.0100%4h0.02581−0.039%$4.3M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02575−0.271%$106K$2K10xas long as short
Gate MON_USDT+0.0100%4h0.02581−0.039%$978K$907K50xas long as short
Bitget MONUSDT+0.0100%4h0.02583+0.039%$2.8M$1.9M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02583+0.046%$128K$140K10xas long as short
Variational Omni MON+0.0100%8h0.02575−0.287%$778K$407Kas long as short
edgeX MONUSDC+0.0100%4h0.02576−0.248%$44K$248K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02579−0.116%$584K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02574−0.310%$69K$486K50xas long as short
SoDEX MON-USDlong+0.0100%1h0.02582long leg$5K$6K5x
Extended MON-USD+0.0104%1h0.02586+0.156%$49K$520K10xas long as short
Aevo MON-PERP+0.0104%1h0.02582−0.019%$39K3xas long as short
KuCoin MONUSDTM+0.0142%4h0.02584+0.077%$3.0M$724K75xas long as short
Aftermath Perps MONUSD+0.0167%1h0.02579−0.131%$4K$76K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02582+0.008%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02579−0.116%$1.4M$307K75xas long as short
Perpl MON+0.0447%43m0.02580−0.070%$180K$2.0M10xas long as short
Kraken Futures PF_MONUSD+0.0462%1h0.02585+0.104%$271K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0808%1h0.02584+0.081%$113K$51K50xas long as short