Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0644%/8h= −70.5% APRpaid last 24h +0.024%

Price spread now: 01 Exchange against Gate−0.275%7-day average — · you buy dearer than you sell

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

Long on Gate Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and 01 Exchange is 0.275% cheaper against Gate than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02509	0.0100	pay 0.0050% / 4h	1h 29m	$1.1M	$1.3M	50x
Short	01 Exchange MONUSD	0.02502	−0.0544	pay 0.0068% / 1h	29m 48s	$6K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.275%Rate

Funding earned: −$135.24
Price spread: −0.275% → 0.000%: −$27.5
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$184.74
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; 01 Exchange: no order-book sample. 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 Gate live order book, 1 min ago	3.99 bp	31.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange MONUSDshort	−0.0544%	1h	0.02502	−0.275%	$6K	$2K	5x
Backpack MON_USDC_PERP	−0.0449%	1h	0.02509	−0.004%	$113K	$151K	10x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0348%	1h	0.02507	−0.092%	$79K	$118K	25x	as long as short
Injective MON/USDC PERP	−0.0246%	1h	0.02541	+1.275%	$6K	$101	5.5x	as long as short
Bybit MONUSDT	−0.0103%	8h	0.02504	−0.187%	$20.9M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02499	−0.391%	$12K	$281K	5x	as long as short
Paradex MON-USD-PERP	+0.0053%	8h	0.02505	−0.159%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02510	+0.040%	$823K	$737K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02508	−0.040%	$398K	$576K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02509	+0.012%	$33.6M	$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	0.02507	−0.086%	$99K	$204K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02508	−0.020%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02506	−0.120%	$139K	$85K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02508	−0.040%	$24.1M	$26.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02507	−0.080%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	+0.040%	$103K	−$0	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02509	long leg	$1.1M	$1.3M	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02509	0.000%	$2.8M	$749K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02510	+0.040%	$2.8M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02502	−0.283%	$747K	$377K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02501	−0.325%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02504	−0.194%	$566K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02505	−0.159%	$68K	$548K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02507	−0.080%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02506	−0.120%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02508	−0.037%	$57K	$320K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02505	−0.155%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02508	−0.052%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02501	−0.319%	$1.4M	$387K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02507	−0.088%	$116K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0514%	1h	0.02509	−0.006%	$5K	$97K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0701%	1h	0.02508	−0.020%	$271K	$123K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02507	−0.064%	$106K	$55K	50x	as long as short