Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.055%

Price spread now: Extended against KuCoin−0.053%7-day average +0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1221.219% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.053%, 7d avg +0.022%

Together, before fees+0.216%+ Points / potential airdropExtended: Active · farm board+$22 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: Extended is 0.075% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02517	0.0100	pay 0.0050% / 4h	1h 50m	$2.8M	$753K	75x
Short	Extended MON-USD	0.02516	0.0104	get 0.0013% / 1h	50m 26s	$59K	$323K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0.84
Price spread: −0.053% → +0.022%: −$7.46
Slippage, 4 orders: −$104.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$128.49
Costs to cover: 1.219%
Break-even: 1077.8 days

Slippage from KuCoin: live order book, 5 min ago; Extended: live order book, 60 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 KuCoin live order book, 5 min ago	13.86 bp	31.8 bp −$32	852.3 bp −$8,523	doesn't fit	doesn't fit
Sell Extended live order book, 60 min ago	3.93 bp	25.3 bp −$25	303.8 bp −$3,038	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
Deribit MON_USDC-PERPETUAL	−0.0267%	1h	0.02514	−0.127%	$74K	$113K	25x	as long as short
Injective MON/USDC PERP	−0.0246%	1h	0.02541	+0.954%	$6K	$101	5.5x	as long as short
01 Exchange MONUSD	−0.0160%	1h	0.02510	−0.290%	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	−0.0147%	1h	0.02515	−0.087%	$113K	$150K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02522	+0.211%	$13K	$281K	5x	as long as short
Bybit MONUSDT	+0.0052%	8h	0.02511	−0.238%	$21.1M	$13.4M	50x	as long as short
Lighter MON	+0.0096%	1h	0.02516	−0.040%	$825K	$737K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02513	−0.166%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02515	−0.064%	$33.7M	$6.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02515	−0.076%	$100K	$205K	10x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02517	+0.012%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02514	−0.119%	$139K	$87K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02514	−0.119%	$24.2M	$26.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02512	−0.199%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	+0.131%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02516	−0.040%	$1.1M	$1.2M	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02517	long leg	$2.8M	$753K	75x
Bitget MONUSDT	+0.0100%	4h	0.02516	−0.040%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02511	−0.244%	$750K	$378K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02520	+0.109%	$42K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02524	+0.279%	$571K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02521	+0.159%	$68K	$547K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02516	−0.043%	$392K	$571K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02514	−0.119%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02513	−0.159%	$5K	$6K	5x	as long as short
Extended MON-USDshort	+0.0104%	1h	0.02516	−0.053%	$59K	$323K	10x
Aevo MON-PERP	+0.0104%	1h	0.02513	−0.159%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02517	−0.004%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02520	+0.119%	$1.4M	$388K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02523	+0.250%	$117K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0699%	1h	0.02517	−0.011%	$272K	$124K	10x	as long as short
Aftermath Perps MONUSD	+0.0717%	1h	0.02523	+0.238%	$5K	$96K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02508	−0.358%	$106K	$49K	50x	as long as short