Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Variational Omni+0.459%74s7-day average +0.075% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.414%−$41 · spread now +0.459%, 7d avg +0.075%

Together, before fees−0.381%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$38 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: edgeX is 0.384% dearer against Variational Omni than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.075%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MON	0.02588	0.0100	pay 0.0100% / 8h	2h 10m	$782K	$412K	—
Short	edgeX MONUSDC	0.02600	0.0100	get 0.0050% / 4h	2h 10m	$48K	$244K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.459%Rate

Funding earned: $0
Price spread: +0.459% → +0.075%: $38.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $29.36
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 14 min ago; edgeX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 14 min ago	17.36 bp	doesn't fit	152.4 bp −$1,524	doesn't fit	doesn't fit
Sell edgeX live order book, 12 min ago	9.61 bp	20.8 bp −$21	doesn't fit	doesn't fit	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	−0.0739%	1h	0.02599	+0.407%	$6K	$110	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0521%	1h	0.02592	+0.148%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0248%	1h	0.02586	−0.083%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0009%	8h	0.02589	+0.021%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.399%	$14K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0087%	4h	0.02590	+0.059%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0091%	8h	0.02591	+0.113%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02591	+0.098%	$851K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02594	+0.226%	$383K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02594	+0.229%	$35.0M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02592	+0.120%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02598	+0.385%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02592	+0.137%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02590	+0.059%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02587	−0.056%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02600	+0.446%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02593	+0.175%	$1.0M	$935K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02593	+0.175%	$2.8M	$1.8M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02588	long leg	$782K	$412K	—
edgeX MONUSDCshort	+0.0100%	4h	0.02600	+0.459%	$48K	$244K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02596	+0.291%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02600	+0.446%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02590	+0.059%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02594	+0.211%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02591	+0.110%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0117%	1h	0.02596	+0.309%	$2K	$73K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02594	+0.228%	$267K	$67K	10x	as long as short
BloFin MON-USDT	+0.0151%	4h	0.02599	+0.407%	$1.4M	$246K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02594	+0.218%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0291%	1h	0.02593	+0.171%	$138K	$137K	10x	as long as short
KuCoin MONUSDTM	+0.0368%	4h	0.02596	+0.291%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02593	+0.168%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.705%	$114K	$50K	50x	as long as short