Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.012%

Price spread now: BloFin against Extended−0.075%54s7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as 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−$740.738% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 3 days (all we have)+0.279%+$28 · spread now −0.075%, 7d avg −0.088%

Together, before fees+0.445%+ Points / potential airdropExtended: Active · farm board+$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 54 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	Extended MON-USD	0.02579	0.0104	pay 0.0013% / 1h	18m 03s	$52K	$407K	10x
Short	BloFin MON-USDT	0.02577	0.0340	get 0.0170% / 4h	1h 18m	$1.3M	$293K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now −0.075%Rate

Funding earned: $49.56
Price spread: −0.075% → −0.088%: $1.34
Slippage, 4 orders: −$56.75
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$22.85
Costs to cover: 0.738%
Break-even: 10.2 days

Slippage from Extended: live order book, 64 min ago; BloFin: 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 Extended live order book, 64 min ago	3.85 bp	25.4 bp −$25	237.2 bp −$2,372	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.94 bp	11.2 bp −$11	42.7 bp −$427	172.1 bp −$17.2K	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
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.119%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0053%	8h	0.02571	−0.307%	$21.4M	$11.7M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02575	−0.160%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02577	−0.090%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02576	−0.102%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02576	−0.094%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0020%	1h	0.02577	−0.057%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02574	−0.191%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0084%	8h	0.02574	−0.179%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02575	−0.152%	$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-PERP	+0.0100%	1h	0.02579	+0.008%	$388K	$539K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02578	−0.036%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02576	−0.097%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02579	+0.013%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02577	−0.086%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02574	−0.191%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02572	−0.269%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	−0.052%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02575	−0.152%	$999K	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02576	−0.113%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02575	−0.172%	$128K	$143K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02575	−0.165%	$780K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02577	−0.056%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	+0.003%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	−0.036%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02575	−0.152%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02579	long leg	$52K	$407K	10x
Aevo MON-PERP	+0.0104%	1h	0.02574	−0.179%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02579	+0.005%	$271K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02576	−0.098%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0296%	4h	0.02581	+0.080%	$3.2M	$695K	75x	as long as short
BloFin MON-USDTshort	+0.0340%	4h	0.02577	−0.075%	$1.3M	$293K	75x
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.077%	$114K	$49K	50x	as long as short