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 0.000%

Price spread now: Variational Omni against Pacifica+0.262%7-day average −0.128% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.262%, 7d avg −0.128%

Together, before fees−0.321%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board−$32 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: Variational Omni is 0.390% dearer against Pacifica than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MON	0.02499	0.0100	pay 0.0013% / 1h	8m 07s	$138K	$92K	3x
Short	Variational Omni MON	0.02506	0.0100	get 0.0100% / 8h	3h 08m	$743K	$405K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now +0.262%Rate

Funding earned: $0
Price spread: +0.262% → −0.128%: $38.99
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $30.99
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 44 min ago; Variational Omni: RFQ quote, 46 min ago. Net counts fees only.

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 Pacifica live order book, 44 min ago	1.98 bp	29.0 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 46 min ago	7.91 bp	doesn't fit	150.3 bp −$1,503	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	+0.640%	$5K	$114	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02513	+0.552%	$12K	$358K	5x	as long as short
Bybit MONUSDT	+0.0006%	8h	0.02497	−0.080%	$20.5M	$13.5M	50x	as long as short
Backpack MON_USDC_PERP	+0.0018%	1h	0.02502	+0.116%	$110K	$152K	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0070%	1h	0.02501	+0.068%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0078%	4h	0.02499	0.000%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02502	+0.120%	$839K	$733K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02498	−0.032%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02501	+0.074%	$404K	$586K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02503	+0.148%	$33.7M	$7.5M	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	0.02499	−0.019%	$100K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02501	+0.063%	$12K	—	5x	as long as short
Pacifica MONlong	+0.0100%	1h	0.02499	long leg	$138K	$92K	3x
Binance MONUSDT	+0.0100%	4h	0.02499	0.000%	$23.8M	$27.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02500	+0.040%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	+0.445%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02499	0.000%	$934K	$990K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02501	+0.080%	$2.9M	$765K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02502	+0.120%	$2.7M	$2.2M	25x	as long as short
Variational Omni MONshort	+0.0100%	8h	0.02506	+0.262%	$743K	$405K	—
edgeX MONUSDC	+0.0100%	4h	0.02515	+0.654%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02517	+0.711%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02517	+0.720%	$68K	$521K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02500	+0.040%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02501	+0.099%	$50K	$274K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02499	+0.020%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0200%	1h	0.02497	−0.072%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02500	+0.024%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0322%	1h	0.02509	+0.387%	$2K	$78K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	+0.040%	$1.3M	$338K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+1.240%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02502	+0.128%	$113K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0728%	1h	0.02503	+0.170%	$269K	$113K	10x	as long as short