Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:40 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Perpl against Deribit+0.004%7-day average 0.000% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.004%, 7d avg 0.000%

Together, before fees−0.006%+ Points / potential airdropPerpl: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MON_USDC-PERPETUAL	0.02506	0	get 0.0000% / 1h	39m 01s	$73K	$138K	25x
Short	Perpl MON	0.02506	0	get 0.0000% / 43m	28m 01s	$126K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Deribit. 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 DeribitbpFee PerplbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → 0.000%: $0.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$20.44
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 40 min ago; Perpl: no order-book sample. Net counts fees only.

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 Deribit live order book, 40 min ago	9.00 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0032%	1h	0.02500	−0.243%	$5K	$110	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02510	+0.144%	$13K	$349K	5x	as long as short
Perpl MONshort	0.0000%	43m	0.02506	+0.004%	$126K	$2.2M	10x
Deribit MON_USDC-PERPETUALlong	0.0000%	1h	0.02506	long leg	$73K	$138K	25x
Lighter MON	+0.0096%	1h	0.02508	+0.076%	$804K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02504	−0.070%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02508	+0.093%	$394K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02507	+0.032%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02510	+0.146%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02508	+0.076%	$139K	$92K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02505	−0.044%	$23.8M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02504	−0.084%	$20.8M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02504	−0.084%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02505	−0.044%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02507	+0.036%	$945K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02512	+0.235%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02508	+0.076%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02507	+0.016%	$109K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02507	+0.036%	$744K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02509	+0.099%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02511	+0.197%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02510	+0.156%	$68K	$538K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02507	+0.036%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02506	−0.004%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02508	+0.090%	$47K	$314K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02506	+0.004%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02506	−0.004%	$6K	—	50x	as long as short
Hyperliquid MON	+0.0271%	1h	0.02508	+0.072%	$33.9M	$7.8M	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02507	+0.036%	$1.3M	$341K	75x	as long as short
01 Exchange MONUSD	+0.0344%	1h	0.02505	−0.048%	$6K	$3K	5x	as long as short
Aftermath Perps MONUSD	+0.0584%	1h	0.02507	+0.027%	$5K	$101K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.347%	$111K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1201%	1h	0.02509	+0.111%	$269K	$119K	10x	as long as short