Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Aevo+0.077%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 0.077% dearer against Aevo than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MON-PERP	0.02595	0.0104	pay 0.0013% / 1h	24m 43s	$39K	—	3x
Short	Bybit MONUSDT	0.02597	0	get 0.0000% / 8h	2h 24m	$21.7M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$21.84
Price spread: +0.077% → 0.000%: $7.71
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.13
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	1.93 bp	25.3 bp −$25	78.2 bp −$782	doesn't fit	doesn't fit

Aevo: 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 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	0.02596	+0.039%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0248%	1h	0.02597	+0.092%	$6K	$1K	5x	as long as short
Bybit MONUSDTshort	0.0000%	8h	0.02597	+0.077%	$21.7M	$11.8M	50x
Phoenix MON	0.0000%	1h	0.02594	−0.035%	$13K	$384K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02598	+0.096%	$63K	$110K	25x	as long as short
BloFin MON-USDT	+0.0083%	4h	0.02597	+0.077%	$1.4M	$245K	75x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02595	0.000%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02597	+0.084%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02599	+0.154%	$851K	$753K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02599	+0.138%	$374K	$527K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02601	+0.250%	$35.1M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02597	+0.060%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02597	+0.083%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02598	+0.119%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02597	+0.077%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02596	+0.039%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02600	+0.193%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02598	+0.116%	$1.0M	$934K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02599	+0.154%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02596	+0.035%	$777K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02592	−0.114%	$48K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02594	−0.020%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02594	−0.039%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02596	+0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02599	+0.170%	$52K	$407K	10x	as long as short
Aevo MON-PERPlong	+0.0104%	1h	0.02595	long leg	$39K	—	3x
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02602	+0.254%	$268K	$67K	10x	as long as short
Aftermath Perps MONUSD	+0.0198%	1h	0.02595	−0.002%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02597	+0.092%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0276%	1h	0.02597	+0.092%	$137K	$136K	10x	as long as short
KuCoin MONUSDTM	+0.0360%	4h	0.02604	+0.347%	$3.2M	$745K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02596	+0.035%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02600	+0.177%	$114K	$49K	50x	as long as short