Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX+0.080%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.080%, 7d avg +0.058%

Together, before fees+0.018%+$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: Gate is 0.022% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MON-USDT-SWAP	0.02503	0.0100	pay 0.0050% / 4h	43m 36s	$4.2M	$5.9M	50x
Short	Gate MON_USDT	0.02505	0.0100	get 0.0050% / 4h	43m 36s	$949K	$982K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.058%: $2.22
Slippage, 4 orders: −$62.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.63
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 13 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 OKX live order book, 4 min ago	4.00 bp	21.9 bp −$22	89.4 bp −$894	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	7.92 bp	25.5 bp −$26	297.0 bp −$2,970	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
01 Exchange MONUSD	−0.0464%	1h	0.02503	−0.004%	$6K	$1K	5x	as long as short
Backpack MON_USDC_PERP	−0.0306%	1h	0.02508	+0.208%	$112K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02517	+0.559%	$5K	$109	5.5x	as long as short
Bybit MONUSDT	−0.0163%	8h	0.02504	+0.040%	$20.6M	$13.2M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02510	+0.272%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02506	+0.108%	$107K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02508	+0.188%	$74K	$134K	25x	as long as short
Orderly PERP_MON_USDC	+0.0071%	4h	0.02507	+0.160%	$16K	$41K	10x	as long as short
Variational Omni MON	+0.0086%	8h	0.02500	−0.118%	$740K	$407K	—	as long as short
Paradex MON-USD-PERP	+0.0088%	8h	0.02503	+0.002%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02505	+0.080%	$844K	$747K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02507	+0.162%	$430K	$559K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02507	+0.140%	$33.9M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02507	+0.141%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02506	+0.122%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02506	+0.120%	$138K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02504	+0.021%	$23.8M	$26.7M	75x	as long as short
OKX MON-USDT-SWAPlong	+0.0100%	4h	0.02503	long leg	$4.2M	$5.9M	50x
Bulk MON-USD	+0.0100%	1h	0.02495	−0.308%	$102K	$5K	10x	as long as short
Gate MON_USDTshort	+0.0100%	4h	0.02505	+0.080%	$949K	$982K	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02505	+0.080%	$2.8M	$750K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02505	+0.080%	$2.7M	$2.1M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02498	−0.197%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	−0.040%	$560K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02502	−0.040%	$67K	$506K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02506	+0.120%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02508	+0.183%	$48K	$521K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02508	+0.196%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02507	+0.168%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0261%	1h	0.02508	+0.183%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02498	−0.200%	$1.3M	$337K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02514	+0.419%	$110K	$57K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0543%	1h	0.02509	+0.259%	$269K	$116K	10x	as long as short