Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Variational Omni against Extended+0.019%7-day average −0.216% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.019%, 7d avg −0.216%

Together, before fees−0.197%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$20 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: Variational Omni is 0.235% dearer against Extended than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02489	0.0104	pay 0.0013% / 1h	33m 45s	$48K	$266K	10x
Short	Variational Omni MON	0.02489	0.0100	get 0.0100% / 8h	1h 33m	$739K	$411K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.84
Price spread: +0.019% → −0.216%: $23.52
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $17.68
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 8 min ago; Variational Omni: RFQ quote, 10 min ago. Net counts fees only.

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, 8 min ago	4.01 bp	26.0 bp −$26	278.5 bp −$2,785	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	14.03 bp	doesn't fit	114.3 bp −$1,143	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
Phoenix MON	0.0000%	1h	0.02493	+0.177%	$13K	$353K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02484	−0.193%	$72K	$138K	25x	as long as short
Bybit MONUSDT	+0.0057%	8h	0.02483	−0.225%	$20.4M	$13.7M	50x	as long as short
Orderly PERP_MON_USDC	+0.0085%	4h	0.02484	−0.185%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02487	−0.064%	$797K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02484	−0.188%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02493	+0.197%	$396K	$572K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02483	−0.226%	$98K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02485	−0.161%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02486	−0.104%	$138K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02486	−0.118%	$23.6M	$27.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02487	−0.064%	$4.1M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.458%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02484	−0.185%	$925K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02488	−0.024%	$2.8M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02486	−0.104%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02486	−0.120%	$111K	$155K	10x	as long as short
Variational Omni MONshort	+0.0100%	8h	0.02489	+0.019%	$739K	$411K	—
edgeX MONUSDC	+0.0100%	4h	0.02495	+0.276%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02497	+0.338%	$555K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02494	+0.217%	$68K	$536K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02483	−0.225%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02489	long leg	$48K	$266K	10x
Aevo MON-PERP	+0.0104%	1h	0.02483	−0.217%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02503	+0.579%	$5K	$110	5.5x	as long as short
Aftermath Perps MONUSD	+0.0225%	1h	0.02494	+0.225%	$6K	$100K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02490	+0.060%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0232%	1h	0.02488	−0.012%	$7K	$2K	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02488	−0.024%	$1.3M	$347K	75x	as long as short
Hyperliquid MON	+0.0389%	1h	0.02487	−0.068%	$33.6M	$7.8M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02493	+0.177%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02485	−0.148%	$109K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0851%	1h	0.02485	−0.164%	$267K	$119K	10x	as long as short