Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.056%

Price spread now: KuCoin against Gate+0.079%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1291.293% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.079%, 7d avg +0.046%

Together, before fees−0.081%−$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: KuCoin is 0.033% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02523	0.0100	pay 0.0050% / 4h	1h 56m	$1.1M	$1.2M	50x
Short	KuCoin MONUSDTM	0.02525	0.0100	get 0.0050% / 4h	1h 56m	$2.9M	$755K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.046%: $3.35
Slippage, 4 orders: −$102.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$125.97
Costs to cover: 1.293%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; KuCoin: 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 Gate live order book, 4 min ago	5.92 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	13.83 bp	48.6 bp −$49	471.9 bp −$4,719	doesn't fit	doesn't fit

MON on 33 exchanges

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	−0.0246%	1h	0.02541	+0.713%	$6K	$101	5.5x	as long as short
01 Exchange MONUSD	−0.0016%	1h	0.02522	−0.044%	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	−0.0009%	1h	0.02524	+0.024%	$113K	$148K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02526	+0.119%	$13K	$281K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02522	−0.028%	$74K	$112K	25x	as long as short
Bybit MONUSDT	+0.0081%	8h	0.02519	−0.147%	$21.1M	$13.4M	50x	as long as short
Lighter MON	+0.0096%	1h	0.02525	+0.079%	$828K	$737K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02521	−0.092%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02526	+0.135%	$392K	$571K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02523	+0.008%	$33.8M	$6.5M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02523	+0.019%	$100K	$205K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02523	+0.016%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02526	+0.119%	$140K	$87K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02521	−0.079%	$24.3M	$26.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02520	−0.119%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.107%	$103K	−$0	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02523	long leg	$1.1M	$1.2M	50x
KuCoin MONUSDTMshort	+0.0100%	4h	0.02525	+0.079%	$2.9M	$755K	75x
Bitget MONUSDT	+0.0100%	4h	0.02523	0.000%	$2.8M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02522	−0.023%	$753K	$378K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02524	+0.028%	$42K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02528	+0.199%	$571K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02526	+0.119%	$68K	$547K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02523	0.000%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02523	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02525	+0.074%	$59K	$323K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02521	−0.067%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02523	0.000%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02526	+0.119%	$1.4M	$389K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02528	+0.202%	$117K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0696%	1h	0.02525	+0.099%	$273K	$124K	10x	as long as short
Aftermath Perps MONUSD	+0.0718%	1h	0.02528	+0.184%	$5K	$96K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02539	+0.622%	$112K	$50K	50x	as long as short