Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.030%

Price spread now: Nado against BloFin−0.044%7-day average +0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.148%−$15 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.044%, 7d avg +0.117%

Together, before fees−0.208%+ Points / potential airdropNado: Active · farm board−$21 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 Nado is 0.161% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.117%). 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	1h 01m	$1.3M	$348K	75x
Short	Nado MON-PERP	0.02505	0.0100	get 0.0012% / 1h	1m 44s	$393K	$575K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.044%Rate

Funding earned: −$50.4
Price spread: −0.044% → +0.117%: −$16.07
Slippage, 4 orders: −$28.19
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$113.66
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Nado: live order book, 41 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, 6 min ago	2.00 bp	14.7 bp −$15	32.4 bp −$324	doesn't fit	doesn't fit
Sell Nado live order book, 41 min ago	2.20 bp	10.6 bp −$11	doesn't fit	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
Phoenix MON	0.0000%	1h	0.02505	−0.040%	$13K	$353K	5x	as long as short
Perpl MON	0.0000%	43m	0.02502	−0.140%	$126K	$2.2M	10x	as long as short
Orderly PERP_MON_USDC	+0.0089%	4h	0.02501	−0.200%	$16K	$44K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02504	−0.080%	$803K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02500	−0.244%	$8K	$42	5x	as long as short
Nado MON-PERPshort	+0.0100%	1h	0.02505	−0.044%	$393K	$575K	10x
Aster MONUSDT	+0.0100%	4h	0.02501	−0.182%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02500	−0.227%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02501	−0.188%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02501	−0.200%	$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	0.02498	−0.319%	$20.7M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02498	−0.319%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.239%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02501	−0.200%	$932K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02505	−0.040%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02504	−0.080%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02503	−0.112%	$110K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02504	−0.097%	$743K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02505	−0.037%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02507	+0.038%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02506	0.000%	$68K	$536K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02501	−0.200%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02505	−0.052%	$47K	$268K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02501	−0.211%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02500	−0.239%	$5K	$113	5.5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02500	−0.219%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0272%	1h	0.02503	−0.132%	$6K	$3K	5x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02506	long leg	$1.3M	$348K	75x
Hyperliquid MON	+0.0428%	1h	0.02505	−0.032%	$33.9M	$7.8M	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0430%	1h	0.02502	−0.148%	$73K	$138K	25x	as long as short
Aftermath Perps MONUSD	+0.0466%	1h	0.02503	−0.132%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02511	+0.208%	$110K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0844%	1h	0.02504	−0.093%	$269K	$119K	10x	as long as short