Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0646%/8h= −70.7% APRpaid last 24h −0.158%

Price spread now: KuCoin against Coinbase International+0.190%7-day average −0.416% · you sell dearer than you buy

Net, funding: paid 7d − costs−$430as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$3343.336% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.959%−$96 on $10k

Price spread, last 3 days (all we have)−0.609%−$61 · spread now +0.190%, 7d avg −0.416%

Together, before fees−1.568%−$157 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.605% dearer against Coinbase International than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of −0.416%): +$61 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02584	0.0808	pay 0.0101% / 1h	25m 37s	$113K	$51K	50x
Short	KuCoin MONUSDTM	0.02589	0.0162	get 0.0081% / 4h	3h 25m	$3.0M	$719K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$135.66
Price spread: +0.190% → −0.416%: $60.53
Slippage, 4 orders: −$311.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$408.74
Costs to cover: 3.336%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 47 min ago; KuCoin: live order book, 2 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 Coinbase International live order book, 47 min ago	36.15 bp	130.6 bp −$131	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	13.53 bp	47.2 bp −$47	474.2 bp −$4,742	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	0.02576	−0.313%	$6K	$107	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02580	−0.174%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02588	+0.139%	$70K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02585	+0.035%	$17K	$64K	10x	as long as short
01 Exchange MONUSD	+0.0080%	1h	0.02583	−0.058%	$6K	$1K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02588	+0.151%	$862K	$754K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02582	−0.069%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02589	+0.205%	$395K	$532K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02590	+0.217%	$35.2M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02586	+0.056%	$107K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02587	+0.124%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02586	+0.070%	$143K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02585	+0.017%	$24.7M	$25.4M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02584	−0.012%	$21.5M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02582	−0.081%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.159%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02585	+0.035%	$979K	$908K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02586	+0.074%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02587	+0.128%	$128K	$140K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02583	−0.040%	$781K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02580	−0.145%	$44K	$246K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	−0.197%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02582	−0.081%	$69K	$486K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02585	+0.035%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02590	+0.218%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02586	+0.066%	$39K	—	3x	as long as short
KuCoin MONUSDTMshort	+0.0162%	4h	0.02589	+0.190%	$3.0M	$719K	75x
Aftermath Perps MONUSD	+0.0198%	1h	0.02582	−0.099%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02585	+0.050%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02581	−0.120%	$1.4M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02584	−0.015%	$177K	$2.0M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0462%	1h	0.02589	+0.174%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0808%	1h	0.02584	long leg	$113K	$51K	50x