Settings8H · net · $10k
Funding arb · Price arb /

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.122%
Price spread now: Hyperliquid against edgeX+0.199%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$750.749% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.167%+$17 on $10k
Price spread, last 3 days (all we have)−0.407%−$41 · spread now +0.199%, 7d avg +0.153%
Together, before fees−0.240%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.046% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.153%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MONUSDC0.025960.0100pay 0.0050% / 4h2h 33m$48K$243K10x
ShortHyperliquid MON0.026010.0100get 0.0013% / 1h33m 19s$35.1M$7.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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

Funding earned
$0
Price spread: +0.199% → +0.153%
$4.62
Slippage, 4 orders
−$56.93
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$70.31
Costs to cover
0.749%
Break-even
never at this rate
Slippage from edgeX: live order book, 54 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 54 min ago11.63 bp23.5 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.96 bp13.0 bp −$13doesn't fitdoesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0739%1h0.02596+0.006%$6K$1095.5xas long as short
Deribit MON_USDC-PERPETUAL−0.0288%1h0.02599+0.110%$63K$110K25xas long as short
01 Exchange MONUSD−0.0232%1h0.02598+0.068%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02598+0.064%$14K$384K5xas long as short
Bybit MONUSDT+0.0011%8h0.02595−0.025%$21.7M$11.8M50xas long as short
Orderly PERP_MON_USDC+0.0092%4h0.02598+0.083%$17K$64K10xas long as short
BloFin MON-USDT+0.0095%4h0.02596+0.006%$1.4M$245K75xas long as short
Paradex MON-USD-PERP+0.0095%8h0.02598+0.080%$8K$425xas long as short
Lighter MON+0.0096%1h0.02598+0.083%$851K$753K10xas long as short
Nado MON-PERP+0.0100%1h0.02602+0.222%$364K$522K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MONshort+0.0100%1h0.02601+0.199%$35.1M$7.5M5x
Aster MONUSDT+0.0100%4h0.02601+0.185%$108K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02600+0.159%$13K5xas long as short
Pacifica MON+0.0100%1h0.02599+0.122%$143K$107K3xas long as short
Binance MONUSDT+0.0100%4h0.02598+0.083%$24.7M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02595−0.032%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02581−0.579%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02600+0.160%$1.0M$932K50xas long as short
Bitget MONUSDT+0.0100%4h0.02599+0.122%$2.8M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02592−0.132%$777K$407Kas long as short
edgeX MONUSDClong+0.0100%4h0.02596long leg$48K$243K10x
GRVT MON_USDT_Perp+0.0100%4h0.02598+0.084%$583K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02597+0.045%$69K$482K50xas long as short
SoDEX MON-USD+0.0100%1h0.02596+0.006%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02601+0.203%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02597+0.045%$39K3xas long as short
Kraken Futures PF_MONUSD+0.0131%1h0.02601+0.185%$268K$67K10xas long as short
Aftermath Perps MONUSD+0.0243%1h0.02594−0.067%$2K$73K10xas long as short
Backpack MON_USDC_PERP+0.0249%1h0.02600+0.153%$138K$137K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02600+0.160%$9K50xas long as short
KuCoin MONUSDTM+0.0342%4h0.02606+0.391%$3.2M$745K75xas long as short
Perpl MON+0.0447%43m0.02598+0.064%$146K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0648%1h0.02609+0.503%$115K$50K50xas long as short