Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Variational Omni+0.701%7-day average +0.103% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.583%−$58 · spread now +0.701%, 7d avg +0.103%

Together, before fees−0.550%+ Points / potential airdropVariational Omni: Active · farm board−$55 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.598% dearer against Variational Omni than usual: you sell high and buy low, +$60 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MON	0.02488	0.0100	pay 0.0100% / 8h	2h 15m	$733K	$408K	—
Short	Binance MONUSDT	0.02505	0.0100	get 0.0050% / 4h	2h 15m	$23.8M	$27.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BinancebpOrdersPrice spread, now +0.701%Rate

Funding earned: $0
Price spread: +0.701% → +0.103%: $59.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $49.76
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 33 min ago; Binance: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 33 min ago	8.02 bp	doesn't fit	108.2 bp −$1,082	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.03 bp	16.1 bp −$16	52.1 bp −$521	330.8 bp −$33.1K	doesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack MON_USDC_PERP	−0.0104%	1h	0.02507	+0.785%	$114K	$154K	10x	as long as short
Bybit MONUSDT	−0.0011%	8h	0.02503	+0.620%	$20.6M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02499	+0.476%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02506	+0.757%	$74K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02507	+0.761%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	+0.058%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02506	+0.741%	$16K	$48K	10x	as long as short
Aftermath Perps MONUSD	+0.0090%	1h	0.02493	+0.203%	$6K	$92K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02506	+0.741%	$816K	$767K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02503	+0.627%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02509	+0.853%	$411K	$571K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02508	+0.813%	$33.6M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02507	+0.769%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02503	+0.618%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02504	+0.661%	$138K	$92K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02505	+0.701%	$23.8M	$27.5M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02503	+0.620%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−0.324%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02505	+0.701%	$940K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02510	+0.902%	$2.9M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02507	+0.781%	$2.7M	$2.3M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02488	long leg	$733K	$408K	—
edgeX MONUSDC	+0.0100%	4h	0.02489	+0.041%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	+0.580%	$556K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02501	+0.540%	$68K	$530K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02505	+0.701%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02508	+0.823%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02506	+0.721%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02506	+0.745%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.741%	$1.3M	$347K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02507	+0.793%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02511	+0.954%	$110K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1015%	1h	0.02508	+0.812%	$269K	$119K	10x	as long as short