Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Bitget0.000%7-day average −0.144% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.777%+$78 · spread now 0.000%, 7d avg −0.144%

Together, before fees+0.744%+ Points / potential airdropVariational Omni: Active · farm board+$74 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: Variational Omni is 0.145% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MONUSDT	0.02504	0.0100	pay 0.0050% / 4h	43m 01s	$2.7M	$2.3M	25x
Short	Variational Omni MON	0.02504	0.0100	get 0.0100% / 8h	43m 01s	$743K	$411K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BitgetbpFee Variational OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.144%: $14.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.49
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 61 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 Bitget live order book, 4 min ago	7.97 bp	19.9 bp −$20	41.2 bp −$412	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	14.03 bp	doesn't fit	114.3 bp −$1,143	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	−0.0032%	1h	0.02500	−0.160%	$5K	$110	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02503	−0.024%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02505	+0.032%	$127K	$2.2M	10x	as long as short
Lighter MON	+0.0096%	1h	0.02504	0.000%	$803K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02503	−0.052%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02507	+0.137%	$394K	$577K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02502	−0.064%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02500	−0.150%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02502	−0.084%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02502	−0.066%	$23.8M	$27.5M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02502	−0.080%	$20.7M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02501	−0.120%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.160%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02502	−0.080%	$932K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02504	0.000%	$2.9M	$766K	75x	as long as short
Bitget MONUSDTlong	+0.0100%	4h	0.02504	long leg	$2.7M	$2.3M	25x
Backpack MON_USDC_PERP	+0.0100%	1h	0.02504	−0.016%	$109K	$157K	10x	as long as short
Variational Omni MONshort	+0.0100%	8h	0.02504	0.000%	$743K	$411K	—
edgeX MONUSDC	+0.0100%	4h	0.02507	+0.126%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02504	−0.011%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02504	0.000%	$68K	$537K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02502	−0.080%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02502	−0.080%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02505	+0.054%	$50K	$311K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02502	−0.072%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0110%	1h	0.02503	−0.040%	$73K	$138K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02503	−0.036%	$6K	—	50x	as long as short
Hyperliquid MON	+0.0295%	1h	0.02504	+0.008%	$33.9M	$7.8M	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02502	−0.080%	$1.3M	$345K	75x	as long as short
01 Exchange MONUSD	+0.0344%	1h	0.02506	+0.068%	$6K	$3K	5x	as long as short
Aftermath Perps MONUSD	+0.0572%	1h	0.02504	+0.005%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02512	+0.319%	$111K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1204%	1h	0.02504	+0.010%	$269K	$119K	10x	as long as short