Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Variational Omni+0.194%7-day average +0.128% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.522%−$52 · spread now +0.194%, 7d avg +0.128%

Together, before fees−0.492%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$49 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: Pacifica is 0.066% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MON	0.02524	0.0100	pay 0.0100% / 8h	5h 38m	$750K	$405K	—
Short	Pacifica MON	0.02528	0.0100	get 0.0013% / 1h	38m 46s	$140K	$93K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.194%Rate

Funding earned: $0
Price spread: +0.194% → +0.128%: $6.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$1.42
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 25 min ago; Pacifica: live order book, 24 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, 25 min ago	9.85 bp	doesn't fit	80.8 bp −$808	doesn't fit	doesn't fit
Sell Pacifica live order book, 24 min ago	5.91 bp	17.7 bp −$18	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
Phoenix MON	−0.0316%	1h	0.02528	+0.194%	$13K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0280%	1h	0.02525	+0.063%	$114K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02531	+0.297%	$5K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0146%	8h	0.02525	+0.059%	$20.7M	$12.9M	50x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02527	+0.130%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02525	+0.059%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0077%	4h	0.02526	+0.099%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02529	+0.218%	$843K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02526	+0.104%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02530	+0.261%	$34.3M	$7.4M	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	0.02528	+0.162%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02527	+0.130%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02528	+0.194%	$140K	$93K	3x
Binance MONUSDT	+0.0100%	4h	0.02529	+0.201%	$24.1M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02526	+0.099%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	+0.257%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02526	+0.099%	$945K	$917K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02528	+0.178%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02527	+0.138%	$2.7M	$2.0M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02524	long leg	$750K	$405K	—
edgeX MONUSDC	+0.0100%	4h	0.02528	+0.187%	$43K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	+0.540%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02537	+0.535%	$68K	$501K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02531	+0.290%	$408K	$540K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02524	+0.020%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02527	+0.148%	$50K	$521K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02525	+0.039%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02524	+0.031%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0264%	1h	0.02532	+0.346%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02526	+0.099%	$1.3M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02527	+0.150%	$106K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0492%	1h	0.02529	+0.200%	$269K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02542	+0.725%	$111K	$52K	50x	as long as short