data as of
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Price arb /

MON

all MON markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.145%
7d average+0.122%if it closes, per $10,000$14funding while held, a day+$44.02
Long on BinanceShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MONUSDT0.026070.0100pay 0.0050% / 4h2h 40m$24.7M$19.0M75x
ShortHyperliquid MON0.026100.1567get 0.0196% / 1h40m 52s$35.1M$7.0M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$14.45
Funding while held
$44.02
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$39.47
Spread needed to break even
0.190%
Slippage unknown: Binance: live order book, 2 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.1467%
Per $10,000 a day
+$44.02
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago1.91 bp17.1 bp −$1752.3 bp −$523514.0 bp −$51.4Kdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.53 bp10.1 bp −$10doesn't fitdoesn't fitdoesn't fit

MON price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.02602cheapestOKX0.02603+0.019%Variational Omni0.02604+0.056%edgeX0.02605+0.096%Bitget0.02606+0.134%Backpack0.02606+0.146%Aevo0.02607+0.154%
Binance0.02607+0.155%
Kraken Futures0.02607+0.159%Aster0.02607+0.173%Gate0.02607+0.173%SoDEX0.02607+0.173%BloFin0.02607+0.173%dYdX0.02607+0.189%GMX0.02608+0.192%Lighter0.02608+0.211%ApeX Omni0.02608+0.211%Orderly0.02608+0.211%Phoenix0.02608+0.227%Perpl0.02609+0.234%KuCoin0.02609+0.250%Deribit0.02610+0.273%Bulk0.02610+0.288%Injective0.02610+0.288%
Hyperliquid0.02610+0.300%
Pacifica0.02612+0.350%Extended0.02612+0.360%Paradex0.02612+0.382%Aftermath Perps0.02613+0.388%01 Exchange0.02615+0.480%Nado0.02616+0.536%Coinbase International0.02621+0.715%

MON on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit MONUSDT−0.155%+0.0100%8h$21.2M$9.1M50xas long as short
OKX MON-USDT-SWAP−0.136%+0.0100%4h$4.5M$6.1M50xas long as short
Variational Omni MON−0.098%+0.0100%8h$871K$230K—as long as short
edgeX MONUSDC−0.058%+0.0100%4h$49K$233K10xas long as short
Bitget MONUSDT−0.020%+0.0100%4h$2.7M$1.4M25xas long as short
Backpack MON_USDC_PERP−0.009%+0.0487%1h$132K$106K10xas long as short
Aevo MON-PERP−0.001%+0.0104%1h$39K—3xas long as short
Binance MONUSDTlong0.000%+0.0100%4h$24.7M$19.0M75x
Kraken Futures PF_MONUSD+0.004%+0.0979%1h$257K$61K10xas long as short
Aster MONUSDT+0.018%+0.0100%4h$108K$93K10xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate MON_USDT+0.018%+0.0100%4h$960K$837K50xas long as short
SoDEX MON-USD+0.018%+0.0100%1h$5K$6K5xas long as short
BloFin MON-USDT+0.018%+0.0073%4h$1.4M$167K75xas long as short
dYdX MON-USD+0.034%+0.0100%1h$13K—5xas long as short
GMX MON/USD [ETH-USDC]+0.037%L +0.0238% / S −0.0391%1h$6K—50xas long as short
Lighter MON+0.056%+0.0096%1h$915K$630K10xas long as short
ApeX Omni MONUSDT+0.056%+0.0100%1h$69K$503K50xas long as short
Orderly PERP_MON_USDC+0.056%+0.0100%4h$10K$74K10xas long as short
Phoenix MON+0.072%+0.0306%1h$14K$364K5xas long as short
Perpl MON+0.079%−0.0112%43m$175K$707K10xas long as short
KuCoin MONUSDTM+0.095%+0.0190%4h$2.4M$617K75xas long as short
Deribit MON_USDC-PERPETUAL+0.118%+0.0325%1h$43K$55K25xas long as short
Bulk MON-USD+0.133%+0.0100%1h$102K$28K10xas long as short
Injective MON/USDC PERP+0.133%−0.1066%1h$6K$1085.5xas long as short
Hyperliquid MONshort+0.145%+0.1567%1h$35.1M$7.0M5x
Pacifica MON+0.194%+0.0100%1h$168K$76K3xas long as short
Extended MON-USD+0.205%+0.0104%1h$45K$398K10xas long as short
Paradex MON-USD-PERP+0.226%+0.0100%8h$8K—5xas long as short
Aftermath Perps MONUSD+0.233%+0.1760%1h$8K$75K10xas long as short
01 Exchange MONUSD+0.325%+0.0736%1h$6K$2K5xas long as short
Nado MON-PERP+0.380%+0.0100%1h$305K$469K10xas long as short
Coinbase International MON-PERP-INTX+0.559%+0.1304%1h$115K$34K50xas long as short