Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.013%

Price spread now: Bitget against Bybit+0.156%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 7 days−0.193%−$19 · spread now +0.156%, 7d avg +0.087%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.070% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MONUSDT	0.02498	−0.0015	get 0.0015% / 8h	2h 17m	$20.5M	$13.7M	50x
Short	Bitget MONUSDT	0.02502	0.0100	get 0.0050% / 4h	2h 17m	$2.7M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.156%Rate

Funding earned: $24.08
Price spread: +0.156% → +0.087%: $6.96
Slippage, 4 orders: −$58.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.7
Costs to cover: 0.817%
Break-even: 21.7 days

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 4 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 Bybit live order book, 1 min ago	2.00 bp	20.4 bp −$20	58.9 bp −$589	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	8.03 bp	24.6 bp −$25	71.4 bp −$714	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
Backpack MON_USDC_PERP	−0.0111%	1h	0.02502	+0.152%	$116K	$153K	10x	as long as short
Bybit MONUSDTlong	−0.0015%	8h	0.02498	long leg	$20.5M	$13.7M	50x
Phoenix MON	0.0000%	1h	0.02477	−0.841%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02502	+0.140%	$74K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02500	+0.076%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−0.364%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02502	+0.156%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02501	+0.116%	$816K	$766K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02500	+0.081%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02502	+0.172%	$33.6M	$7.6M	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	0.02501	+0.103%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02501	+0.099%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02501	+0.128%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02500	+0.076%	$23.7M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02500	+0.076%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−0.745%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02500	+0.076%	$937K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02505	+0.276%	$2.9M	$764K	75x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02502	+0.156%	$2.7M	$2.2M	25x
Variational Omni MON	+0.0100%	8h	0.02488	−0.422%	$733K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02489	−0.380%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02477	−0.846%	$550K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02476	−0.885%	$67K	$529K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02503	+0.212%	$410K	$571K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02500	+0.076%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02502	+0.170%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02507	+0.348%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0116%	1h	0.02487	−0.427%	$8K	$91K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02500	+0.084%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02487	−0.444%	$1.3M	$344K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02501	+0.116%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.277%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1017%	1h	0.02504	+0.221%	$269K	$119K	10x	as long as short