Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.035%

Price spread now: ApeX Omni against BloFin−0.080%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$830.833% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)−0.229%−$23 · spread now −0.080%, 7d avg −0.014%

Together, before fees−0.421%−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.066% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02506	0.0340	pay 0.0170% / 4h	16m 15s	$1.3M	$334K	75x
Short	ApeX Omni MONUSDT	0.02504	0.0100	get 0.0013% / 1h	16m 15s	$68K	$541K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.080%Rate

Funding earned: −$50.4
Price spread: −0.080% → −0.014%: −$6.59
Slippage, 4 orders: −$61.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$140.3
Costs to cover: 0.833%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; ApeX Omni: live order book, 21 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 BloFin live order book, 1 min ago	2.00 bp	24.8 bp −$25	39.3 bp −$393	222.3 bp −$22.2K	doesn't fit
Sell ApeX Omni live order book, 21 min ago	10.01 bp	18.5 bp −$18	121.2 bp −$1,212	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	0.02503	−0.120%	$5K	$111	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02497	−0.347%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02508	+0.096%	$123K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02505	−0.044%	$73K	$138K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02506	0.000%	$804K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02507	+0.031%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02511	+0.191%	$394K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02505	−0.049%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02502	−0.160%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02506	+0.016%	$139K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02505	−0.052%	$23.8M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02504	−0.080%	$20.9M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02504	−0.080%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02506	0.000%	$938K	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02509	+0.120%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02505	−0.040%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02505	−0.024%	$109K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02492	−0.556%	$740K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02502	−0.155%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	−0.019%	$558K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02504	−0.080%	$68K	$541K	50x
Orderly PERP_MON_USDC	+0.0100%	4h	0.02505	−0.040%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	−0.080%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.253%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02510	+0.151%	$47K	$316K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02504	−0.096%	$38K	—	3x	as long as short
Hyperliquid MON	+0.0156%	1h	0.02507	+0.048%	$33.9M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02508	+0.076%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02504	−0.064%	$6K	—	50x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02506	long leg	$1.3M	$334K	75x
Aftermath Perps MONUSD	+0.0607%	1h	0.02503	−0.135%	$4K	$102K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.351%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1202%	1h	0.02507	+0.042%	$269K	$118K	10x	as long as short