Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.063%

Price spread now: KuCoin against Extended−0.048%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1441.437% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.048%, 7d avg −0.023%

Together, before fees−0.068%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.024% cheaper against Extended than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.023%). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02586	0.0104	pay 0.0013% / 1h	26m 57s	$49K	$520K	10x
Short	KuCoin MONUSDTM	0.02585	0.0158	get 0.0079% / 4h	3h 26m	$3.0M	$720K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.048%Rate

Funding earned: $11.34
Price spread: −0.048% → −0.023%: −$2.41
Slippage, 4 orders: −$126.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$134.77
Costs to cover: 1.437%
Break-even: 90.2 days

Slippage from Extended: live order book, 46 min ago; KuCoin: live order book, 5 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, 46 min ago	5.87 bp	28.0 bp −$28	279.4 bp −$2,794	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.94 bp	42.6 bp −$43	461.9 bp −$4,619	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
Injective MON/USDC PERP	−0.0444%	1h	0.02576	−0.396%	$6K	$107	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02580	−0.256%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02582	−0.148%	$70K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02580	−0.241%	$17K	$64K	10x	as long as short
01 Exchange MONUSD	+0.0080%	1h	0.02582	−0.164%	$6K	$1K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02584	−0.086%	$861K	$754K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02579	−0.273%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02586	−0.013%	$394K	$532K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02585	−0.044%	$35.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02582	−0.147%	$107K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02581	−0.210%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02581	−0.187%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02582	−0.164%	$24.7M	$25.4M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02581	−0.195%	$21.5M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02581	−0.202%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.241%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02582	−0.164%	$978K	$907K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02583	−0.125%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02583	−0.117%	$128K	$140K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02575	−0.450%	$778K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02580	−0.227%	$44K	$246K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	−0.280%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02582	−0.164%	$69K	$486K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02581	−0.202%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02586	long leg	$49K	$520K	10x
Aevo MON-PERP	+0.0104%	1h	0.02581	−0.198%	$39K	—	3x	as long as short
KuCoin MONUSDTMshort	+0.0158%	4h	0.02585	−0.048%	$3.0M	$720K	75x
Aftermath Perps MONUSD	+0.0192%	1h	0.02581	−0.195%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02581	−0.187%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02581	−0.202%	$1.4M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02582	−0.171%	$180K	$2.0M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0462%	1h	0.02586	−0.024%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02584	−0.082%	$113K	$51K	50x	as long as short