Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.024%

Price spread now: Pacifica against BloFin0.000%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$890.886% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 3 days (all we have)−0.265%−$26 · spread now 0.000%, 7d avg −0.002%

Together, before fees−0.432%+ Points / potential airdropPacifica: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.167% in total (about -8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02592	0.0340	pay 0.0170% / 4h	3h 06m	$1.4M	$309K	75x
Short	Pacifica MON	0.02592	0.0100	get 0.0013% / 1h	6m 53s	$144K	$103K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now 0.000%Rate

Funding earned: −$50.4
Price spread: 0.000% → −0.002%: $0.16
Slippage, 4 orders: −$68.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$138.86
Costs to cover: 0.886%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Pacifica: live order book, 1 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	5.77 bp	22.2 bp −$22	31.8 bp −$318	191.1 bp −$19.1K	doesn't fit
Sell Pacifica live order book, 1 min ago	5.79 bp	20.8 bp −$21	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
Injective MON/USDC PERP	−0.0444%	1h	0.02570	−0.849%	$6K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.278%	$14K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02592	+0.008%	$70K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02589	−0.100%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0063%	4h	0.02591	−0.039%	$17K	$59K	10x	as long as short
Bybit MONUSDT	+0.0089%	8h	0.02588	−0.154%	$21.5M	$12.2M	50x	as long as short
Paradex MON-USD-PERP	+0.0092%	8h	0.02590	−0.071%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02595	+0.116%	$864K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02597	+0.193%	$401K	$523K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02597	+0.193%	$35.4M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02594	+0.073%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02593	+0.022%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02592	0.000%	$144K	$103K	3x
Binance MONUSDT	+0.0100%	4h	0.02590	−0.077%	$24.8M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02588	−0.154%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02595	+0.116%	$108K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02590	−0.077%	$976K	$931K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02595	+0.116%	$2.9M	$728K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02591	−0.039%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02593	+0.023%	$129K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02593	+0.022%	$780K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02598	+0.217%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02600	+0.325%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02599	+0.270%	$69K	$487K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02591	−0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02596	+0.167%	$50K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02591	−0.058%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0203%	1h	0.02592	+0.012%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02591	−0.046%	$9K	—	50x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02592	long leg	$1.4M	$309K	75x
Perpl MON	+0.0447%	43m	0.02593	+0.058%	$120K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0460%	1h	0.02596	+0.139%	$273K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02608	+0.625%	$114K	$52K	50x	as long as short