MON

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.287%

7d average—if it closes, per $10,000$29funding while held, a day+$6.14

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX MON-USD	0.02591	0.0100	pay 0.0013% / 1h	20m 31s	$13K	—	5x
Short	Phoenix MON	0.02599	0.0305	get 0.0038% / 1h	20m 31s	$13K	$427K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

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

Profit calculator

Position, each leg$Hold forhoursFee dYdXbpFee PhoenixbpOrdersClose when spread is

Spread captured: $28.7
Funding while held: $6.14
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $17.85
Spread needed to break even: 0.170%

Slippage unknown: dYdX: no order-book sample; Phoenix: live order book, 28 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0205%
Per $10,000 a day: +$6.14
Average in range /8h: —

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 dYdX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 28 min ago	1.14 bp	13.1 bp −$13	44.5 bp −$445	doesn't fit	doesn't fit

dYdX: 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 32 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX MON-USDT-SWAP	−0.164%	+0.0100%	4h	$4.4M	$6.6M	50x	as long as short
Bybit MONUSDT	−0.126%	+0.0100%	8h	$21.7M	$11.1M	50x	as long as short
Variational Omni MON	−0.115%	+0.0100%	8h	$802K	$319K	—	as long as short
Injective MON/USDC PERP	−0.087%	+0.0064%	1h	$6K	$109	5.5x	as long as short
Perpl MON	−0.076%	+0.0447%	43m	$136K	$1.5M	10x	as long as short
Paradex MON-USD-PERP	−0.074%	+0.0100%	8h	$8K	—	5x	as long as short
Binance MONUSDT	−0.052%	+0.0100%	4h	$24.6M	$23.4M	75x	as long as short
Gate MON_USDT	−0.049%	+0.0100%	4h	$962K	$950K	50x	as long as short
Bitget MONUSDT	−0.049%	+0.0100%	4h	$2.7M	$1.7M	25x	as long as short
BloFin MON-USDT	−0.010%	+0.0111%	4h	$1.4M	$199K	75x	as long as short

Show all 32 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX MON-USDlong	0.000%	+0.0100%	1h	$13K	—	5x
01 Exchange MONUSD	+0.009%	+0.0712%	1h	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	+0.017%	+0.0670%	1h	$131K	$114K	10x	as long as short
Pacifica MON	+0.021%	+0.0100%	1h	$163K	$89K	3x	as long as short
Lighter MON	+0.028%	+0.0096%	1h	$884K	$793K	10x	as long as short
Orderly PERP_MON_USDC	+0.028%	+0.0100%	4h	$17K	$76K	10x	as long as short
SoDEX MON-USD	+0.028%	+0.0100%	1h	$5K	$6K	5x	as long as short
GMX MON/USD [ETH-USDC]	+0.032%	L +0.0232% / S −0.0343%	1h	$6K	—	50x	as long as short
Hyperliquid MON	+0.040%	+0.0816%	1h	$35.0M	$7.9M	5x	as long as short
Aevo MON-PERP	+0.048%	+0.0104%	1h	$39K	—	3x	as long as short
Nado MON-PERP	+0.060%	+0.0100%	1h	$303K	$517K	10x	as long as short
Aster MONUSDT	+0.062%	+0.0100%	4h	$114K	$222K	10x	as long as short
Kraken Futures PF_MONUSD	+0.073%	+0.0888%	1h	$257K	$70K	10x	as long as short
Extended MON-USD	+0.073%	+0.0104%	1h	$46K	$406K	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.098%	+0.0367%	1h	$44K	$69K	25x	as long as short
Bulk MON-USD	+0.101%	+0.0100%	1h	$101K	$24K	10x	as long as short
Aftermath Perps MONUSD	+0.171%	+0.1471%	1h	$6K	$84K	10x	as long as short
KuCoin MONUSDTM	+0.183%	+0.0328%	4h	$2.6M	$701K	75x	as long as short
ApeX Omni MONUSDT	+0.183%	+0.0100%	1h	$69K	$499K	50x	as long as short
edgeX MONUSDC	+0.234%	+0.0100%	4h	$48K	$238K	10x	as long as short
Phoenix MONshort	+0.287%	+0.0305%	1h	$13K	$427K	5x
Coinbase International MON-PERP-INTX	+0.561%	+0.1208%	1h	$115K	$42K	50x	as long as short

MON