Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Binance against Nado−0.303%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.303%, 7d avg −0.153%

Together, before fees+0.015%+ Points / potential airdropNado: Active · farm board+$2 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: Binance is 0.150% cheaper against Nado than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MON-PERP	0.02495	0.0100	pay 0.0012% / 1h	35m 07s	$406K	$580K	10x
Short	Binance MONUSDT	0.02487	0.0100	get 0.0050% / 4h	2h 35m	$23.6M	$27.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now −0.303%Rate

Funding earned: $0
Price spread: −0.303% → −0.153%: −$15.04
Slippage, 4 orders: −$33.4
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.43
Costs to cover: 0.504%
Break-even: 6722324779813304.0 days

Slippage from Nado: live order book, 13 min ago; Binance: live order book, 6 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 Nado live order book, 13 min ago	2.60 bp	14.0 bp −$14	1649.3 bp −$16.5K	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.02 bp	10.8 bp −$11	13.6 bp −$136	305.6 bp −$30.6K	doesn't fit

MON on 33 venues

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
Backpack MON_USDC_PERP	−0.0114%	1h	0.02490	−0.204%	$115K	$156K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02484	−0.444%	$12K	$355K	5x	as long as short
Bybit MONUSDT	+0.0005%	8h	0.02484	−0.428%	$20.4M	$13.6M	50x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02492	−0.115%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02496	+0.049%	$5K	$111	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02490	−0.192%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02490	−0.192%	$833K	$743K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02492	−0.100%	$7K	$42	5x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02495	long leg	$406K	$580K	10x
Hyperliquid MON	+0.0100%	1h	0.02490	−0.212%	$33.4M	$7.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02488	−0.272%	$98K	$220K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02486	−0.356%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02490	−0.176%	$137K	$92K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02487	−0.303%	$23.6M	$27.3M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02483	−0.472%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02490	−0.192%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02489	−0.232%	$930K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02493	−0.071%	$2.9M	$765K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02491	−0.152%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02482	−0.508%	$737K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02483	−0.461%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02488	−0.286%	$560K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02487	−0.312%	$68K	$529K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02491	−0.152%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02492	−0.099%	$47K	$288K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02490	−0.200%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0111%	1h	0.02491	−0.131%	$73K	$136K	25x	as long as short
Aftermath Perps MONUSD	+0.0221%	1h	0.02487	−0.313%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02490	−0.176%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02491	−0.152%	$1.3M	$345K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02492	−0.095%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.412%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1021%	1h	0.02493	−0.054%	$268K	$114K	10x	as long as short