MON

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After costs, if the gap returns to its 7d average, $10k−$54

spread now+0.270%7d average+0.173%fees + slippage, in and out−$64spread needed0.640%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MONUSDT	0.02589	0.0100	pay 0.0100% / 8h	20m 21s	$21.7M	$11.1M	50x
Short	Lighter MON	0.02596	0.0096	get 0.0012% / 1h	20m 21s	$886K	$793K	10x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BybitbpFee LighterbpOrdersClose when spread is

Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 26 min ago.

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	21.2 bp −$21	68.3 bp −$683	737.1 bp −$73.7K	doesn't fit
Sell Lighter live order book, 26 min ago	5.70 bp	9.4 bp −$9	85.9 bp −$859	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MON	−0.028%	+0.0100%	8h	$802K	$319K	—	as long as short
Bybit MONUSDTlong	0.000%	+0.0100%	8h	$21.7M	$11.1M	50x
OKX MON-USDT-SWAP	0.000%	+0.0100%	4h	$4.4M	$6.6M	50x	as long as short
Injective MON/USDC PERP	0.000%	+0.0064%	1h	$6K	$109	5.5x	as long as short
Perpl MON	+0.012%	+0.0447%	43m	$136K	$1.5M	10x	as long as short
Paradex MON-USD-PERP	+0.013%	+0.0100%	8h	$8K	—	5x	as long as short
Gate MON_USDT	+0.039%	+0.0100%	4h	$962K	$950K	50x	as long as short
Binance MONUSDT	+0.047%	+0.0100%	4h	$24.6M	$23.4M	75x	as long as short
GMX MON/USD [ETH-USDC]	+0.073%	L +0.0232% / S −0.0343%	1h	$6K	—	50x	as long as short
Bitget MONUSDT	+0.077%	+0.0100%	4h	$2.7M	$1.7M	25x	as long as short

Show all 32 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_MON_USDC	+0.077%	+0.0100%	4h	$17K	$76K	10x	as long as short
SoDEX MON-USD	+0.077%	+0.0100%	1h	$5K	$6K	5x	as long as short
BloFin MON-USDT	+0.077%	+0.0111%	4h	$1.4M	$199K	75x	as long as short
dYdX MON-USD	+0.087%	+0.0100%	1h	$13K	—	5x	as long as short
Aevo MON-PERP	+0.093%	+0.0104%	1h	$39K	—	3x	as long as short
01 Exchange MONUSD	+0.097%	+0.0712%	1h	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	+0.104%	+0.0670%	1h	$131K	$114K	10x	as long as short
Pacifica MON	+0.108%	+0.0100%	1h	$163K	$89K	3x	as long as short
Aster MONUSDT	+0.114%	+0.0100%	4h	$114K	$222K	10x	as long as short
Hyperliquid MON	+0.127%	+0.0816%	1h	$35.0M	$7.9M	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.131%	+0.0290%	1h	$44K	$69K	25x	as long as short
Nado MON-PERP	+0.148%	+0.0100%	1h	$303K	$517K	10x	as long as short
Aftermath Perps MONUSD	+0.166%	+0.1469%	1h	$6K	$84K	10x	as long as short
Kraken Futures PF_MONUSD	+0.180%	+0.0888%	1h	$257K	$70K	10x	as long as short
Bulk MON-USD	+0.188%	+0.0100%	1h	$101K	$24K	10x	as long as short
KuCoin MONUSDTM	+0.193%	+0.0334%	4h	$2.6M	$701K	75x	as long as short
Extended MON-USD	+0.243%	+0.0104%	1h	$46K	$406K	10x	as long as short
Lighter MONshort	+0.270%	+0.0096%	1h	$886K	$793K	10x
ApeX Omni MONUSDT	+0.270%	+0.0100%	1h	$69K	$499K	50x	as long as short
edgeX MONUSDC	+0.322%	+0.0100%	4h	$48K	$238K	10x	as long as short
Phoenix MON	+0.375%	+0.0305%	1h	$13K	$427K	5x	as long as short
Coinbase International MON-PERP-INTX	+0.649%	+0.1208%	1h	$115K	$42K	50x	as long as short