Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Extended−0.049%53s7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as 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−$970.972% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.049%, 7d avg −0.139%

Together, before fees+0.246%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$25 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: edgeX is 0.090% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.139%. 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	Extended MON-USD	0.02505	0.0104	pay 0.0013% / 1h	22m 21s	$48K	$517K	10x
Short	edgeX MONUSDC	0.02504	0.0100	get 0.0050% / 4h	22m 21s	$41K	$250K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$0.84
Price spread: −0.049% → −0.139%: $8.96
Slippage, 4 orders: −$83.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$89.07
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from Extended: live order book, 35 min ago; edgeX: live order book, 35 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, 35 min ago	5.98 bp	28.9 bp −$29	243.8 bp −$2,438	doesn't fit	doesn't fit
Sell edgeX live order book, 35 min ago	7.95 bp	19.0 bp −$19	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
01 Exchange MONUSD	−0.0256%	1h	0.02505	−0.023%	$6K	$1K	5x	as long as short
Backpack MON_USDC_PERP	−0.0199%	1h	0.02506	+0.024%	$113K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02498	−0.283%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0150%	8h	0.02501	−0.155%	$20.6M	$13.3M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02505	−0.011%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02505	+0.005%	$107K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0071%	4h	0.02504	−0.043%	$16K	$41K	10x	as long as short
Variational Omni MON	+0.0077%	8h	0.02502	−0.142%	$740K	$409K	—	as long as short
Paradex MON-USD-PERP	+0.0092%	8h	0.02502	−0.137%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02505	−0.003%	$843K	$749K	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	0.02506	+0.049%	$425K	$574K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02506	+0.032%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02505	+0.009%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02508	+0.100%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02505	−0.003%	$138K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02504	−0.044%	$23.8M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02502	−0.123%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02505	−0.009%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02503	−0.083%	$939K	$993K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02506	+0.036%	$2.8M	$757K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02505	−0.003%	$2.7M	$2.2M	25x	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02504	−0.049%	$41K	$250K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02508	+0.108%	$562K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02505	−0.003%	$67K	$510K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	−0.043%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02505	long leg	$48K	$517K	10x
Aevo MON-PERP	+0.0104%	1h	0.02503	−0.083%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0189%	1h	0.02505	−0.011%	$74K	$136K	25x	as long as short
Aftermath Perps MONUSD	+0.0249%	1h	0.02506	+0.019%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02504	−0.059%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.036%	$1.3M	$338K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02528	+0.927%	$110K	$57K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0543%	1h	0.02508	+0.109%	$269K	$114K	10x	as long as short