MON

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After costs, if the gap returns to its 7d average, $10k−$374

spread now−0.280%7d average+0.400%fees + slippage, in and out−$306spread needed3.055%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MON	0.02571	0.0112	pay 0.0014% / 1h	18m 31s	$854K	$811K	10x
Short	Coinbase International MON-PERP-INTX	0.02564	0.1176	get 0.0147% / 1h	18m 31s	$115K	$47K	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee LighterbpFee Coinbase InternationalbpOrdersClose when spread is

Slippage from Lighter: live order book, 23 min ago; Coinbase International: live order book, 26 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 23 min ago	5.79 bp	9.1 bp −$9	83.9 bp −$839	doesn't fit	doesn't fit
Sell Coinbase International live order book, 26 min ago	21.28 bp	114.2 bp −$114	doesn't fit	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX MON-USD	−0.350%	+0.0100%	1h	$5K	$6K	5x	as long as short
GMX MON/USD [ETH-USDC]	−0.323%	L +0.0231% / S −0.0343%	1h	$6K	—	50x	as long as short
Aevo MON-PERP	−0.311%	+0.0104%	1h	$39K	—	3x	as long as short
Coinbase International MON-PERP-INTXshort	−0.280%	+0.1176%	1h	$115K	$47K	50x
Backpack MON_USDC_PERP	−0.276%	+0.0100%	1h	$124K	$127K	10x	as long as short
Orderly PERP_MON_USDC	−0.272%	+0.0100%	4h	$17K	$71K	10x	as long as short
Deribit MON_USDC-PERPETUAL	−0.233%	+0.0335%	1h	$44K	$70K	25x	as long as short
BloFin MON-USDT	−0.233%	+0.0120%	4h	$1.4M	$201K	75x	as long as short
Variational Omni MON	−0.210%	+0.0100%	8h	$794K	$313K	—	as long as short
Kraken Futures PF_MONUSD	−0.205%	+0.0993%	1h	$255K	$71K	10x	as long as short

Show all 32 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster MONUSDT	−0.181%	+0.0100%	4h	$111K	$222K	10x	as long as short
Bybit MONUSDT	−0.156%	+0.0100%	8h	$21.4M	$11.1M	50x	as long as short
Nado MON-PERP	−0.139%	+0.0100%	1h	$300K	$512K	10x	as long as short
OKX MON-USDT-SWAP	−0.117%	+0.0100%	4h	$4.4M	$6.4M	50x	as long as short
Gate MON_USDT	−0.078%	+0.0100%	4h	$959K	$947K	50x	as long as short
ApeX Omni MONUSDT	−0.078%	+0.0100%	1h	$68K	$496K	50x	as long as short
Binance MONUSDT	−0.039%	+0.0100%	4h	$24.4M	$23.3M	75x	as long as short
Bitget MONUSDT	−0.039%	+0.0100%	4h	$2.6M	$1.7M	25x	as long as short
Pacifica MON	−0.019%	+0.0100%	1h	$162K	$89K	3x	as long as short
Lighter MONlong	0.000%	+0.0112%	1h	$854K	$811K	10x
Perpl MON	+0.008%	+0.0447%	43m	$218K	$1.6M	10x	as long as short
01 Exchange MONUSD	+0.016%	+0.0360%	1h	$6K	$1K	5x	as long as short
Phoenix MON	+0.016%	+0.0310%	1h	$13K	$420K	5x	as long as short
dYdX MON-USD	+0.043%	+0.0100%	1h	$13K	—	5x	as long as short
edgeX MONUSDC	+0.047%	+0.0100%	4h	$47K	$239K	10x	as long as short
Paradex MON-USD-PERP	+0.048%	+0.0100%	8h	$8K	—	5x	as long as short
Aftermath Perps MONUSD	+0.078%	+0.1365%	1h	$6K	$83K	10x	as long as short
Hyperliquid MON	+0.089%	+0.0311%	1h	$34.7M	$7.7M	5x	as long as short
KuCoin MONUSDTM	+0.117%	+0.0494%	4h	$2.6M	$707K	75x	as long as short
Extended MON-USD	+0.136%	+0.0104%	1h	$45K	$402K	10x	as long as short
Bulk MON-USD	+0.350%	+0.0100%	1h	$106K	$25K	10x	as long as short
Injective MON/USDC PERP	+0.389%	+0.0199%	1h	$6K	$110	5.5x	as long as short