Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.024%

Price spread now: edgeX against 01 Exchange−0.031%57s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.031% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day). The two prices were read 57 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	01 Exchange MONUSD	0.02523	−0.0048	get 0.0006% / 1h	53m 47s	$6K	$2K	5x
Short	edgeX MONUSDC	0.02522	0.0100	get 0.0050% / 4h	1h 53m	$42K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against 01 Exchange. 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 01 ExchangebpFee edgeXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $31.08
Price spread: −0.031% → 0.000%: −$3.14
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $11.94
Costs to cover: 0.160%
Break-even: 4.3 days

Slippage unknown: 01 Exchange: no order-book sample; edgeX: live order book, 56 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 01 Exchange no order-book sample	—	—	—	—	—
Sell edgeX live order book, 56 min ago	7.87 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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 exchanges

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	−0.0246%	1h	0.02541	+0.729%	$6K	$101	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0146%	1h	0.02522	−0.036%	$74K	$112K	25x	as long as short
Backpack MON_USDC_PERP	−0.0074%	1h	0.02522	−0.016%	$111K	$149K	10x	as long as short
01 Exchange MONUSDlong	−0.0048%	1h	0.02523	long leg	$6K	$2K	5x
Phoenix MON	0.0000%	1h	0.02526	+0.135%	$13K	$281K	5x	as long as short
Bybit MONUSDT	+0.0079%	8h	0.02519	−0.123%	$21.1M	$13.4M	50x	as long as short
Lighter MON	+0.0096%	1h	0.02524	+0.055%	$828K	$737K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02520	−0.102%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02526	+0.131%	$392K	$571K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02523	+0.032%	$33.8M	$6.5M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02524	+0.037%	$100K	$205K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02523	+0.006%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02522	−0.024%	$139K	$87K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02522	−0.030%	$24.3M	$26.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02520	−0.103%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.091%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02524	+0.055%	$1.1M	$1.2M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02524	+0.055%	$2.9M	$755K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02524	+0.055%	$2.8M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02520	−0.109%	$753K	$378K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02522	−0.031%	$42K	$249K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02524	+0.066%	$571K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02526	+0.135%	$68K	$547K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02523	+0.016%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02521	−0.063%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02525	+0.102%	$59K	$323K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02521	−0.063%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02522	−0.024%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02525	+0.095%	$1.4M	$389K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02525	+0.083%	$117K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0696%	1h	0.02524	+0.073%	$272K	$124K	10x	as long as short
Aftermath Perps MONUSD	+0.0721%	1h	0.02526	+0.151%	$5K	$96K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02539	+0.638%	$112K	$50K	50x	as long as short