Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit+0.116%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$940.937% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.116%, 7d avg +0.098%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.098%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MONUSDT	0.02578	−0.0047	get 0.0047% / 8h	1h 33m	$21.5M	$11.7M	50x
Short	Gate MON_USDT	0.02581	0.0100	get 0.0050% / 4h	1h 33m	$1.0M	$864K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.116%Rate

Funding earned: $30.79
Price spread: +0.116% → +0.098%: $1.8
Slippage, 4 orders: −$67.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.13
Costs to cover: 0.937%
Break-even: 20.9 days

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 3 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, 5 min ago	1.93 bp	22.5 bp −$23	73.4 bp −$734	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	7.74 bp	24.0 bp −$24	273.4 bp −$2,734	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	−0.0053%	1h	0.02582	+0.155%	$6K	$108	5.5x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02574	−0.167%	$6K	$1K	5x	as long as short
Bybit MONUSDTlong	−0.0047%	8h	0.02578	long leg	$21.5M	$11.7M	50x
Phoenix MON	0.0000%	1h	0.02584	+0.233%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02578	+0.016%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02581	+0.109%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0026%	1h	0.02586	+0.292%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0068%	4h	0.02578	0.000%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0078%	8h	0.02578	+0.007%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02583	+0.194%	$856K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02586	+0.322%	$35.0M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02584	+0.217%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02582	+0.168%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02580	+0.078%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02582	+0.166%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02579	+0.039%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	+0.287%	$109K	$3K	10x	as long as short
Gate MON_USDTshort	+0.0100%	4h	0.02581	+0.116%	$1.0M	$864K	50x
Bitget MONUSDT	+0.0100%	4h	0.02583	+0.194%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02581	+0.124%	$781K	$406K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02582	+0.158%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02585	+0.269%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02590	+0.465%	$69K	$480K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02581	+0.128%	$387K	$537K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02580	+0.078%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02586	+0.313%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02579	+0.039%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02586	+0.320%	$267K	$70K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02581	+0.101%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0265%	1h	0.02581	+0.120%	$138K	$136K	10x	as long as short
KuCoin MONUSDTM	+0.0328%	4h	0.02583	+0.194%	$3.2M	$724K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02580	+0.078%	$1.3M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.113%	$114K	$49K	50x	as long as short