Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.065%

Price spread now: KuCoin against edgeX+0.234%53s7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1121.118% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.234%, 7d avg +0.116%

Together, before fees−0.115%+ Points / potential airdropedgeX: Active · farm board−$11 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: KuCoin is 0.118% dearer against edgeX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.116%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MONUSDC	0.02497	0.0100	pay 0.0050% / 4h	2h 48m	$41K	$250K	10x
Short	KuCoin MONUSDTM	0.02503	0.0100	get 0.0050% / 4h	2h 48m	$2.9M	$762K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee edgeXbpFee KuCoinbpOrdersPrice spread, now +0.234%Rate

Funding earned: $0
Price spread: +0.234% → +0.116%: $11.8
Slippage, 4 orders: −$90.78
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$99.98
Costs to cover: 1.118%
Break-even: never at this rate

Slippage from edgeX: live order book, 64 min ago; KuCoin: live order book, 4 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 edgeX live order book, 64 min ago	7.91 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	13.98 bp	40.1 bp −$40	449.4 bp −$4,494	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
Backpack MON_USDC_PERP	−0.0001%	1h	0.02499	+0.090%	$110K	$153K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02498	+0.022%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02499	+0.070%	$73K	$136K	25x	as long as short
Bybit MONUSDT	+0.0017%	8h	0.02499	+0.074%	$20.5M	$13.5M	50x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02496	−0.046%	$5K	$111	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02498	+0.034%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02501	+0.154%	$839K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02499	+0.080%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02500	+0.094%	$405K	$588K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02502	+0.182%	$33.6M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02500	+0.131%	$100K	$218K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02500	+0.113%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02500	+0.106%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02500	+0.131%	$23.8M	$27.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02502	+0.194%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.114%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02500	+0.114%	$934K	$985K	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02503	+0.234%	$2.9M	$762K	75x
Bitget MONUSDT	+0.0100%	4h	0.02503	+0.234%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02497	−0.004%	$740K	$403K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02497	long leg	$41K	$250K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	+0.194%	$563K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02500	+0.114%	$68K	$525K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02498	+0.034%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02502	+0.175%	$48K	$285K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02498	+0.014%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0136%	1h	0.02503	+0.246%	$6K	$1K	5x	as long as short
Aftermath Perps MONUSD	+0.0254%	1h	0.02499	+0.066%	$2K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02498	+0.050%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02501	+0.154%	$1.3M	$338K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02500	+0.114%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.315%	$110K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1017%	1h	0.02502	+0.204%	$269K	$112K	10x	as long as short