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 0.000%

Price spread now: ApeX Omni against Gate−0.078%51s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as 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−$890.890% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.078%, 7d avg +0.020%

Together, before fees+0.075%+$8 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: ApeX Omni is 0.097% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 51 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	Gate MON_USDT	0.02576	0.0100	pay 0.0050% / 4h	1h 26m	$1.0M	$866K	50x
Short	ApeX Omni MONUSDT	0.02574	0.0100	get 0.0013% / 1h	26m 40s	$69K	$479K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → +0.020%: −$9.72
Slippage, 4 orders: −$64.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$98.75
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from Gate: live order book, just now; ApeX Omni: live order book, 56 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 Gate live order book, just now	5.83 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 56 min ago	9.61 bp	18.0 bp −$18	108.8 bp −$1,088	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	−0.0053%	1h	0.02582	+0.233%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0050%	8h	0.02572	−0.155%	$21.4M	$11.7M	50x	as long as short
01 Exchange MONUSD	−0.0040%	1h	0.02575	−0.047%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02571	−0.190%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02574	−0.078%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02577	+0.023%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0027%	1h	0.02578	+0.081%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02574	−0.078%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0081%	8h	0.02572	−0.142%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02577	+0.039%	$854K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02580	+0.167%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02577	+0.039%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02576	+0.006%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02576	−0.012%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02573	−0.114%	$24.4M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02572	−0.155%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	−0.233%	$108K	$3K	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02576	long leg	$1.0M	$866K	50x
Bitget MONUSDT	+0.0100%	4h	0.02576	0.000%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02570	−0.245%	$779K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02573	−0.119%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02576	−0.001%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02574	−0.078%	$69K	$479K	50x
Nado MON-PERP	+0.0100%	1h	0.02579	+0.133%	$389K	$538K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02576	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02579	+0.127%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02575	−0.031%	$39K	—	3x	as long as short
Backpack MON_USDC_PERP	+0.0138%	1h	0.02577	+0.023%	$138K	$134K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02580	+0.140%	$271K	$77K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02576	+0.016%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0302%	4h	0.02579	+0.116%	$3.2M	$723K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02574	−0.078%	$1.4M	$292K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.192%	$114K	$49K	50x	as long as short