Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Nado against edgeX+0.224%62s7-day average +0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$580.581% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.224%, 7d avg +0.182%

Together, before fees+0.143%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$14 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: Nado is 0.042% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.182%. The two prices were read 62 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	0.02574	0.0100	pay 0.0050% / 4h	1h 14m	$47K	$244K	10x
Short	Nado MON-PERP	0.02580	0.0100	get 0.0012% / 1h	14m 12s	$388K	$540K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.224%Rate

Funding earned: $0
Price spread: +0.224% → +0.182%: $4.2
Slippage, 4 orders: −$42.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$53.89
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Nado: 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, 3 min ago	7.77 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	2.33 bp	9.2 bp −$9	doesn't fit	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
Bybit MONUSDT	−0.0060%	8h	0.02571	−0.123%	$21.3M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.020%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.048%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02577	+0.094%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02576	+0.051%	$70K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02578	+0.133%	$6K	$1K	5x	as long as short
Aftermath Perps MONUSD	+0.0025%	1h	0.02577	+0.082%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02573	−0.057%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0086%	8h	0.02574	−0.018%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02576	+0.059%	$853K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERPshort	+0.0100%	1h	0.02580	+0.224%	$388K	$540K	10x
Hyperliquid MON	+0.0100%	1h	0.02578	+0.125%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02577	+0.089%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02577	+0.091%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02577	+0.090%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02575	+0.013%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02571	−0.135%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	+0.120%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02576	+0.059%	$1.0M	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02576	+0.059%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02575	+0.036%	$128K	$138K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02571	−0.128%	$779K	$406K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02574	long leg	$47K	$244K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	+0.098%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02576	+0.059%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02575	+0.020%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02578	+0.126%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02575	+0.024%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02580	+0.195%	$271K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02575	+0.028%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0306%	4h	0.02579	+0.176%	$3.2M	$667K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02575	+0.020%	$1.3M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.252%	$114K	$49K	50x	as long as short