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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.100%
Price spread now: Hyperliquid against SoDEX+0.039%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.039% dearer against SoDEX than usual: you sell high and buy low, +$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-USD0.025570.0100pay 0.0013% / 1h20m 54s$5K$6K5x
ShortHyperliquid MON0.025580.0100get 0.0013% / 1h20m 54s$34.7M$7.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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%
$3.91
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13.09
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago0.79 bp10.8 bp −$11doesn't fitdoesn'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 32 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−0.0388%1h0.02522−1.369%$5K$1085.5xas long as short
Bybit MONUSDT−0.0071%8h0.02552−0.196%$21.0M$12.8M50xas long as short
Phoenix MON0.0000%1h0.02556−0.047%$13K$349K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02558+0.039%$69K$125K25xas long as short
01 Exchange MONUSD+0.0016%1h0.02558+0.055%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0061%4h0.02558+0.039%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02559+0.078%$853K$742K10xas long as short
Paradex MON-USD-PERP+0.0097%8h0.02555−0.090%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02559+0.084%$411K$545K10xas long as short
Hyperliquid MONshort+0.0100%1h0.02558+0.039%$34.7M$7.6M5x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02558+0.043%$102K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02559+0.078%$13K5xas long as short
Pacifica MON+0.0100%1h0.02556−0.039%$141K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02555−0.081%$24.4M$26.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02550−0.274%$4.3M$5.9M50xas long as short
Gate MON_USDT+0.0100%4h0.02555−0.078%$957K$904K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02558+0.039%$2.9M$744K75xas long as short
Bitget MONUSDT+0.0100%4h0.02555−0.078%$2.7M$2.0M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02558+0.039%$119K$157K10xas long as short
Variational Omni MON+0.0100%8h0.02554−0.116%$759K$419Kas long as short
edgeX MONUSDC+0.0100%4h0.02552−0.187%$44K$248K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02555−0.078%$574K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02554−0.117%$68K$495K50xas long as short
SoDEX MON-USDlong+0.0100%1h0.02557long leg$5K$6K5x
Bulk MON-USD+0.0100%1h0.02550−0.274%$106K$4K10xas long as short
Extended MON-USD+0.0104%1h0.02556−0.030%$51K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.025570.000%$39K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0429%1h0.02557−0.020%$9K50xas long as short
Aftermath Perps MONUSD+0.0324%1h0.02550−0.289%$2K$79K10xas long as short
Perpl MON+0.0447%43m0.02556−0.051%$106K$2.3M10xas long as short
Coinbase International MON-PERP-INTX+0.0744%1h0.02559+0.098%$112K$53K50xas long as short
Kraken Futures PF_MONUSD+0.0836%1h0.02560+0.115%$278K$88K10xas long as short