Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.122%
Price spread now: Hyperliquid against Bitget+0.031%7-day average +0.113% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.204%+$20 on $10k
Price spread, last 7 days−0.063%−$6 · spread now +0.031%, 7d avg +0.113%
Together, before fees+0.141%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 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: Hyperliquid is 0.082% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MONUSDT0.025800.0100pay 0.0050% / 4h1h 50m$2.7M$1.8M25x
ShortHyperliquid MON0.025810.0100get 0.0013% / 1h50m 49s$34.9M$7.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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

Funding earned
$0
Price spread: +0.031% → +0.113%
−$8.25
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$29.25
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago7.74 bp18.6 bp −$1946.8 bp −$468doesn't fitdoesn't fit
Sell Hyperliquid live order book, 12 min ago0.19 bp11.2 bp −$11doesn't fitdoesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange MONUSD−0.0168%1h0.02577−0.109%$6K$1K5xas long as short
Injective MON/USDC PERP−0.0053%1h0.02582+0.078%$6K$1075.5xas long as short
Bybit MONUSDT−0.0030%8h0.02577−0.109%$21.5M$11.8M50xas long as short
Phoenix MON0.0000%1h0.02596+0.609%$13K$362K5xas long as short
Perpl MON0.0000%43m0.02578−0.074%$144K$1.8M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02580+0.008%$70K$119K25xas long as short
Aftermath Perps MONUSD+0.0039%1h0.02587+0.282%$2K$74K10xas long as short
Paradex MON-USD-PERP+0.0069%8h0.02575−0.209%$8K$425xas long as short
Orderly PERP_MON_USDC+0.0075%4h0.02579−0.039%$17K$64K10xas long as short
Lighter MON+0.0096%1h0.025800.000%$846K$763K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02579−0.044%$391K$533K10xas long as short
Hyperliquid MONshort+0.0100%1h0.02581+0.031%$34.9M$7.5M5x
Aster MONUSDT+0.0100%4h0.02581+0.047%$107K$230K10xas long as short
dYdX MON-USD+0.0100%1h0.02583+0.112%$13K5xas long as short
Pacifica MON+0.0100%1h0.02576−0.140%$142K$106K3xas long as short
Binance MONUSDT+0.0100%4h0.02579−0.039%$24.5M$24.7M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02576−0.155%$4.4M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.025800.000%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02578−0.078%$1.0M$862K50xas long as short
Bitget MONUSDTlong+0.0100%4h0.02580long leg$2.7M$1.8M25x
Variational Omni MON+0.0100%8h0.02588+0.321%$779K$411Kas long as short
edgeX MONUSDC+0.0100%4h0.02586+0.249%$47K$243K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02596+0.632%$584K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02582+0.078%$69K$480K50xas long as short
SoDEX MON-USD+0.0100%1h0.02579−0.039%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02582+0.077%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02579−0.039%$39K3xas long as short
Kraken Futures PF_MONUSD+0.0173%1h0.02585+0.176%$266K$70K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02580+0.016%$9K50xas long as short
KuCoin MONUSDTM+0.0334%4h0.02587+0.271%$3.2M$749K75xas long as short
BloFin MON-USDT+0.0340%4h0.02578−0.078%$1.4M$293K75xas long as short
Backpack MON_USDC_PERP+0.0449%1h0.02580−0.012%$138K$137K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02607+1.035%$114K$49K50xas long as short