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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against OKX−0.198%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$760.763% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)+1.105%+$110 · spread now −0.198%, 7d avg +0.066%
Together, before fees+1.108%+$111 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: ApeX Omni is 0.264% cheaper against OKX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.066%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MON-USDT-SWAP0.025290.0100pay 0.0050% / 4h1h 53m$4.2M$5.8M50x
ShortApeX Omni MONUSDT0.025240.0100get 0.0013% / 1h53m 20s$68K$498K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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: −0.198% → +0.066%
−$26.38
Slippage, 4 orders
−$56.32
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$102.7
Costs to cover
0.763%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago1.98 bp15.6 bp −$1680.4 bp −$804doesn't fitdoesn't fit
Sell ApeX Omni live order book, 9 min ago9.85 bp18.4 bp −$18109.4 bp −$1,094doesn't fitdoesn't fit

MON on 32 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
Phoenix MON−0.0316%1h0.02527−0.063%$13K$367K5xas long as short
Injective MON/USDC PERP−0.0253%1h0.02531+0.079%$5K$1065.5xas long as short
Bybit MONUSDT−0.0057%8h0.025290.000%$20.8M$12.8M50xas long as short
Backpack MON_USDC_PERP−0.0040%1h0.02530+0.051%$118K$148K10xas long as short
Deribit MON_USDC-PERPETUAL+0.0026%1h0.02533+0.138%$68K$125K25xas long as short
01 Exchange MONUSD+0.0032%1h0.02527−0.091%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0077%4h0.02531+0.079%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02532+0.119%$844K$738K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02525−0.142%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02529+0.004%$405K$539K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02530+0.047%$34.3M$7.4M5xas long as short
Aster MONUSDT+0.0100%4h0.02528−0.039%$101K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02530+0.032%$13K5xas long as short
Pacifica MON+0.0100%1h0.02530+0.024%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.025290.000%$24.1M$25.9M75xas long as short
OKX MON-USDT-SWAPlong+0.0100%4h0.02529long leg$4.2M$5.8M50x
Bulk MON-USD+0.0100%1h0.02530+0.040%$105K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.025290.000%$950K$908K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.025290.000%$2.9M$741K75xas long as short
Bitget MONUSDT+0.0100%4h0.02530+0.040%$2.7M$2.0M25xas long as short
Variational Omni MON+0.0100%8h0.02538+0.359%$750K$404Kas long as short
edgeX MONUSDC+0.0100%4h0.02526−0.137%$43K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02527−0.089%$565K$1.5M10xas long as short
ApeX Omni MONUSDTshort+0.0100%1h0.02524−0.198%$68K$498K50x
SoDEX MON-USD+0.0100%1h0.02531+0.079%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02532+0.126%$48K$518K10xas long as short
Aevo MON-PERP+0.0104%1h0.02532+0.099%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02531+0.095%$9K50xas long as short
Aftermath Perps MONUSD+0.0317%1h0.02532+0.118%$2K$74K10xas long as short
Perpl MON+0.0447%43m0.02530+0.032%$105K$2.3M10xas long as short
Kraken Futures PF_MONUSD+0.0491%1h0.02533+0.166%$267K$97K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02535+0.221%$111K$51K50xas long as short