Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.013%

Price spread now: BloFin against Variational Omni+0.090%7-day average +0.143% · you sell dearer than you buy

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

Long on Variational Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.161%+$16 on $10k

Price spread, last 3 days (all we have)+0.536%+$54 · spread now +0.090%, 7d avg +0.143%

Together, before fees+0.697%+ Points / potential airdropVariational Omni: Active · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.053% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.090% now, against its 7-day average of +0.143%). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MON	0.02575	0.0100	pay 0.0100% / 8h	1h 19m	$780K	$407K	—
Short	BloFin MON-USDT	0.02577	0.0340	get 0.0170% / 4h	1h 19m	$1.3M	$293K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now +0.090%Rate

Funding earned: $50.4
Price spread: +0.090% → +0.143%: −$5.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $33.07
Costs to cover: 0.120%
Break-even: 2.4 days

Slippage unknown: Variational Omni: RFQ quote, 65 min ago; BloFin: live order book, 3 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, 65 min ago	17.36 bp	doesn't fit	152.4 bp −$1,524	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.94 bp	11.2 bp −$11	42.7 bp −$427	172.1 bp −$17.2K	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
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.284%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0052%	8h	0.02573	−0.073%	$21.4M	$11.8M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02578	+0.137%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02577	+0.075%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02577	+0.082%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02577	+0.075%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0017%	1h	0.02578	+0.119%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02575	+0.012%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0084%	8h	0.02575	+0.011%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02578	+0.129%	$854K	$773K	10x	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	0.02581	+0.227%	$388K	$539K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02579	+0.172%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02577	+0.090%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02579	+0.178%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02577	+0.090%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02576	+0.051%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02572	−0.104%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	+0.113%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02576	+0.051%	$1.0M	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02577	+0.090%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02576	+0.040%	$128K	$143K	10x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02575	long leg	$780K	$407K	—
edgeX MONUSDC	+0.0100%	4h	0.02577	+0.108%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	+0.168%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	+0.129%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02575	+0.012%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02579	+0.173%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02575	+0.012%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02579	+0.158%	$271K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02577	+0.098%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0294%	4h	0.02582	+0.284%	$3.2M	$696K	75x	as long as short
BloFin MON-USDTshort	+0.0340%	4h	0.02577	+0.090%	$1.3M	$293K	75x
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.244%	$114K	$49K	50x	as long as short