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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Orderly 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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly 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-USD0.025670.0100pay 0.0013% / 1h32m 27s$5K$6K5x
ShortOrderly PERP_MON_USDC0.025680.0096get 0.0048% / 4h3h 32m$17K$64K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$0.79
Price spread: +0.039% → 0.000%
$3.9
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$10.89
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample
SoDEX and Orderly: 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−0.0181%1h0.02557−0.390%$6K$1095.5xas long as short
Bybit MONUSDT−0.0057%8h0.02569+0.078%$21.4M$11.5M50xas long as short
Phoenix MON0.0000%1h0.02568+0.043%$13K$374K5xas long as short
01 Exchange MONUSD+0.0064%1h0.02573+0.238%$6K$1K5xas long as short
Lighter MON+0.0096%1h0.02576+0.351%$843K$750K10xas long as short
Orderly PERP_MON_USDCshort+0.0096%4h0.02568+0.039%$17K$64K10x
Paradex MON-USD-PERP+0.0100%8h0.02572+0.190%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02575+0.307%$320K$507K10xas long as short
Hyperliquid MON+0.0100%1h0.02574+0.284%$34.7M$7.4M5xas long as short
Aster MONUSDT+0.0100%4h0.02574+0.262%$107K$240K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USD+0.0100%1h0.02575+0.318%$13K5xas long as short
Pacifica MON+0.0100%1h0.02575+0.292%$146K$103K3xas long as short
Binance MONUSDT+0.0100%4h0.02571+0.162%$24.3M$23.9M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02571+0.156%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02565−0.078%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02572+0.195%$976K$919K50xas long as short
Bitget MONUSDT+0.0100%4h0.02573+0.234%$2.7M$1.8M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02576+0.347%$133K$136K10xas long as short
Variational Omni MON+0.0100%8h0.02575+0.294%$763K$366Kas long as short
edgeX MONUSDC+0.0100%4h0.02560−0.257%$47K$242K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02563−0.139%$576K$1.4M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02572+0.195%$68K$483K50xas long as short
SoDEX MON-USDlong+0.0100%1h0.02567long leg$5K$6K5x
Extended MON-USD+0.0104%1h0.02577+0.395%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02568+0.058%$39K3xas long as short
BloFin MON-USDT+0.0127%4h0.025670.000%$1.3M$233K75xas long as short
Deribit MON_USDC-PERPETUAL+0.0256%1h0.02570+0.109%$53K$81K25xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0598%1h0.02571+0.168%$8K50xas long as short
KuCoin MONUSDTM+0.0326%4h0.02579+0.467%$3.1M$787K75xas long as short
Kraken Futures PF_MONUSD+0.0331%1h0.02572+0.191%$256K$58K10xas long as short
Perpl MON+0.0447%43m0.02577+0.382%$212K$1.7M10xas long as short
Aftermath Perps MONUSD+0.0459%1h0.02563−0.159%$2K$71K10xas long as short
Coinbase International MON-PERP-INTX+0.0496%1h0.02579+0.471%$113K$50K50xas long as short