Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.122%
Price spread now: Gate against Hyperliquid+0.035%7-day average −0.102% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.187%−$19 on $10k
Price spread, last 7 days−0.126%−$13 · spread now +0.035%, 7d avg −0.102%
Together, before fees−0.313%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 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: Gate is 0.137% dearer against Hyperliquid than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.102%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.025750.0100pay 0.0013% / 1h54m 17s$34.7M$7.4M5x
ShortGate MON_USDT0.025760.0100get 0.0050% / 4h2h 54m$999K$926K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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

Funding earned
$0
Price spread: +0.035% → −0.102%
$13.71
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$10.29
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Gate: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 9 min ago0.96 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago7.73 bp29.9 bp −$30239.4 bp −$2,394doesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0739%1h0.02587+0.462%$6K$1075.5xas long as short
01 Exchange MONUSD−0.0400%1h0.02583+0.287%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02586+0.416%$13K$384K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02576+0.031%$62K$104K25xas long as short
Bybit MONUSDT+0.0002%8h0.02572−0.109%$21.5M$11.8M50xas long as short
Orderly PERP_MON_USDC+0.0092%4h0.02574−0.043%$17K$64K10xas long as short
Lighter MON+0.0096%1h0.02584+0.346%$847K$753K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02577+0.090%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02577+0.079%$347K$537K10xas long as short
Hyperliquid MONlong+0.0100%1h0.02575long leg$34.7M$7.4M5x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02580+0.204%$107K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02584+0.345%$13K5xas long as short
Pacifica MON+0.0100%1h0.02582+0.260%$143K$108K3xas long as short
Binance MONUSDT+0.0100%4h0.02574−0.043%$24.5M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02571−0.159%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02610+1.355%$110K$3K10xas long as short
Gate MON_USDTshort+0.0100%4h0.02576+0.035%$999K$926K50x
Bitget MONUSDT+0.0100%4h0.02576+0.035%$2.7M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02579+0.170%$775K$403Kas long as short
edgeX MONUSDC+0.0100%4h0.02589+0.521%$48K$241K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02590+0.561%$580K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02587+0.462%$69K$482K50xas long as short
SoDEX MON-USD+0.0100%1h0.02573−0.082%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02577+0.058%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02572−0.105%$39K3xas long as short
Backpack MON_USDC_PERP+0.0130%1h0.02588+0.489%$136K$137K10xas long as short
Kraken Futures PF_MONUSD+0.0132%1h0.02576+0.046%$258K$59K10xas long as short
BloFin MON-USDT+0.0134%4h0.02587+0.462%$1.4M$242K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0313% / S −0.1052%1h0.02575+0.004%$13K50xas long as short
KuCoin MONUSDTM+0.0366%4h0.02584+0.346%$3.1M$790K75xas long as short
Aftermath Perps MONUSD+0.0424%1h0.02593+0.686%$2K$73K10xas long as short
Perpl MON+0.0447%43m0.02576+0.027%$144K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0648%1h0.02625+1.949%$115K$51K50xas long as short