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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:31 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.020%
Price spread now: Bitget against Perpl−0.024%7-day average −0.086% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.211%−$21 on $10k
Price spread, last 7 days−0.246%−$25 · spread now −0.024%, 7d avg −0.086%
Together, before fees−0.457%+ Points / potential airdropPerpl: Active · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.062% dearer against Perpl than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.086%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.211% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.211% in total (about -11.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl MON0.025060.0447pay 0.0040% / 43m7m 02s$114K$2.2M10x
ShortBitget MONUSDT0.025050.0100get 0.0050% / 4h3h 10m$2.7M$2.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Perpl. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$72.77
Price spread: −0.024% → −0.086%
$6.18
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$92.39
Costs to cover
0.258%
Break-even
never at this rate
Slippage unknown: Perpl: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Perpl no order-book sample
Sell Bitget live order book, 2 min ago7.97 bp22.1 bp −$2266.6 bp −$666doesn't fitdoesn't fit
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MON on 33 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
Injective MON/USDC PERP−0.0203%1h0.02515+0.375%$5K$1145.5xas long as short
Phoenix MON0.0000%1h0.02513+0.287%$12K$358K5xas long as short
Bybit MONUSDT+0.0007%8h0.02499−0.255%$20.6M$13.5M50xas long as short
Backpack MON_USDC_PERP+0.0032%1h0.02504−0.068%$110K$152K10xas long as short
Deribit MON_USDC-PERPETUAL+0.0069%1h0.02505−0.016%$74K$136K25xas long as short
Orderly PERP_MON_USDC+0.0078%4h0.02505−0.024%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02506+0.016%$840K$732K10xas long as short
Paradex MON-USD-PERP+0.0100%8h0.02504−0.077%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02508+0.093%$405K$586K10xas long as short
Hyperliquid MON+0.0100%1h0.02504−0.048%$33.7M$7.5M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02504−0.082%$100K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02507+0.050%$13K5xas long as short
Pacifica MON+0.0100%1h0.02505−0.016%$138K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02501−0.184%$23.8M$27.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02502−0.144%$4.2M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02510+0.180%$103K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02506+0.016%$936K$989K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02510+0.176%$2.9M$765K75xas long as short
Bitget MONUSDTshort+0.0100%4h0.02505−0.024%$2.7M$2.2M25x
Variational Omni MON+0.0100%8h0.02506−0.003%$743K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02515+0.389%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02517+0.446%$567K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02517+0.455%$68K$521K50xas long as short
SoDEX MON-USD+0.0100%1h0.02504−0.064%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02504−0.045%$48K$314K10xas long as short
Aevo MON-PERP+0.0104%1h0.02504−0.072%$38K3xas long as short
01 Exchange MONUSD+0.0216%1h0.02505−0.036%$6K$1K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02504−0.064%$9K50xas long as short
Aftermath Perps MONUSD+0.0331%1h0.02513+0.280%$2K$78K10xas long as short
BloFin MON-USDT+0.0340%4h0.02510+0.176%$1.3M$339K75xas long as short
Coinbase International MON-PERP-INTX+0.0368%1h0.02530+0.974%$110K$57K50xas long as short
Perpl MONlong+0.0447%43m0.02506long leg$114K$2.2M10x
Kraken Futures PF_MONUSD+0.0727%1h0.02507+0.068%$269K$113K10xas long as short