Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Bitget against Nado+0.040%7-day average −0.111% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.376%−$38 · spread now +0.040%, 7d avg −0.111%

Together, before fees−0.378%+ Points / potential airdropNado: Active · farm board−$38 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: Bitget is 0.151% dearer against Nado than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.111%.

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	1m 34s	$403K	$586K	10x
Short	Bitget MONUSDT	0.02496	0.0100	get 0.0050% / 4h	3h 01m	$2.7M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.111%: $15.13
Slippage, 4 orders: −$38.72
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.59
Costs to cover: 0.577%
Break-even: 103803827281626.2 days

Slippage from Nado: live order book, 52 min ago; Bitget: 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, 52 min ago	0.40 bp	7.9 bp −$8	1285.0 bp −$12.8K	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	5.99 bp	23.6 bp −$24	63.8 bp −$638	doesn't fit	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
Injective MON/USDC PERP	−0.0203%	1h	0.02515	+0.801%	$5K	$114	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02503	+0.312%	$12K	$358K	5x	as long as short
Backpack MON_USDC_PERP	+0.0008%	1h	0.02496	+0.032%	$110K	$153K	10x	as long as short
Bybit MONUSDT	+0.0010%	8h	0.02492	−0.120%	$20.5M	$13.5M	50x	as long as short
Orderly PERP_MON_USDC	+0.0079%	4h	0.02495	0.000%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02495	0.000%	$837K	$733K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02493	−0.073%	$7K	$42	5x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02495	long leg	$403K	$586K	10x
Hyperliquid MON	+0.0100%	1h	0.02495	−0.012%	$33.6M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02495	−0.002%	$100K	$218K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02495	+0.011%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02495	−0.008%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02494	−0.040%	$23.7M	$27.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02494	−0.040%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.200%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02494	−0.040%	$931K	$993K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02499	+0.160%	$2.9M	$762K	75x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02496	+0.040%	$2.7M	$2.2M	25x
Variational Omni MON	+0.0100%	8h	0.02500	+0.203%	$741K	$403K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02496	+0.043%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	+0.281%	$563K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02495	0.000%	$68K	$522K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02495	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02494	−0.022%	$49K	$282K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02494	−0.040%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0111%	1h	0.02496	+0.020%	$73K	$136K	25x	as long as short
01 Exchange MONUSD	+0.0192%	1h	0.02496	+0.020%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0259% / S −0.0429%	1h	0.02494	−0.020%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0272%	1h	0.02502	+0.262%	$2K	$78K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02499	+0.160%	$1.3M	$337K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+1.403%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02496	+0.020%	$114K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0730%	1h	0.02498	+0.106%	$268K	$113K	10x	as long as short