Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance+0.472%89s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.739% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.435%+$43 · spread now +0.472%, 7d avg +0.020%

Together, before fees+0.401%+$40 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: ApeX Omni is 0.452% dearer against Binance than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 89 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	Binance MONUSDT	0.02540	0.0100	pay 0.0050% / 4h	2h 47m	$24.2M	$25.8M	75x
Short	ApeX Omni MONUSDT	0.02552	0.0100	get 0.0013% / 1h	47m 59s	$69K	$490K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.472%Rate

Funding earned: $0
Price spread: +0.472% → +0.020%: $45.2
Slippage, 4 orders: −$53.9
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.7
Costs to cover: 0.739%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; ApeX Omni: live order book, 20 min ago.

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 Binance live order book, 8 min ago	1.97 bp	16.0 bp −$16	52.1 bp −$521	485.0 bp −$48.5K	doesn't fit
Sell ApeX Omni live order book, 20 min ago	13.51 bp	22.5 bp −$22	120.5 bp −$1,205	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	−0.0388%	1h	0.02541	+0.039%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0008%	1h	0.02540	−0.008%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02538	−0.079%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02538	−0.079%	$70K	$124K	25x	as long as short
Bybit MONUSDT	+0.0035%	8h	0.02538	−0.094%	$21.0M	$12.4M	50x	as long as short
Orderly PERP_MON_USDC	+0.0060%	4h	0.02538	−0.079%	$16K	$59K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02542	+0.066%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02539	−0.039%	$846K	$740K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02541	+0.046%	$104K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02548	+0.299%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02547	+0.287%	$141K	$104K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02540	long leg	$24.2M	$25.8M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02538	−0.079%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02545	+0.214%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02539	−0.039%	$958K	$890K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02543	+0.118%	$2.9M	$744K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02541	+0.039%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02541	+0.043%	$120K	$158K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02548	+0.319%	$766K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02549	+0.373%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02553	+0.496%	$573K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02552	+0.472%	$69K	$490K	50x
Nado MON-PERP	+0.0100%	1h	0.02546	+0.236%	$406K	$541K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02537	−0.118%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02545	+0.187%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02537	−0.118%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02538	−0.091%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0324%	1h	0.02552	+0.469%	$4K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02549	+0.354%	$1.4M	$310K	75x	as long as short
Hyperliquid MON	+0.0361%	1h	0.02545	+0.193%	$34.7M	$7.5M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02541	+0.055%	$114K	$2.1M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02557	+0.673%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0842%	1h	0.02540	+0.008%	$276K	$88K	10x	as long as short