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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:14 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.012%
Price spread now: dYdX against Perpl−0.342%7-day average · 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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPerpl: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and dYdX is 0.342% cheaper against Perpl than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl MON0.024810.0447pay 0.0040% / 43m13m 37s$113K$2.2M10x
ShortdYdX MON-USD0.024720.0100get 0.0013% / 1h33m 37s$12K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Perpl. 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
−$72.77
Price spread: −0.342% → 0.000%
−$34.21
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$130.77
Costs to cover
0.238%
Break-even
never at this rate
Slippage unknown: Perpl: no order-book sample; dYdX: no order-book sample. 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 dYdX no order-book sample
Perpl and dYdX: 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
Backpack MON_USDC_PERP−0.0120%1h0.02478−0.113%$115K$156K10xas long as short
Bybit MONUSDT−0.0004%8h0.02470−0.439%$20.3M$13.6M50xas long as short
Phoenix MON0.0000%1h0.02484+0.125%$12K$355K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02476−0.185%$73K$136K25xas long as short
01 Exchange MONUSD+0.0032%1h0.02473−0.318%$6K$1K5xas long as short
Injective MON/USDC PERP+0.0039%1h0.02496+0.621%$5K$1115.5xas long as short
Orderly PERP_MON_USDC+0.0083%4h0.02478−0.105%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02475−0.226%$819K$752K10xas long as short
Paradex MON-USD-PERP+0.0100%8h0.02474−0.272%$7K$425xas long as short
Nado MON-PERP+0.0100%1h0.02481+0.015%$403K$579K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02476−0.194%$33.2M$7.6M5xas long as short
Aster MONUSDT+0.0100%4h0.02475−0.244%$98K$220K10xas long as short
dYdX MON-USDshort+0.0100%1h0.02472−0.342%$12K5x
Pacifica MON+0.0100%1h0.02475−0.226%$137K$92K3xas long as short
Binance MONUSDT+0.0100%4h0.02471−0.385%$23.5M$27.3M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02471−0.387%$4.1M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02490+0.379%$102K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02472−0.347%$924K$1.0M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02474−0.266%$2.8M$763K75xas long as short
Bitget MONUSDT+0.0100%4h0.02473−0.306%$2.7M$2.2M25xas long as short
Variational Omni MON+0.0100%8h0.02482+0.061%$737K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02483+0.108%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02488+0.284%$560K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02487+0.258%$68K$529K50xas long as short
SoDEX MON-USD+0.0100%1h0.02475−0.226%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02472−0.362%$47K$288K10xas long as short
Aevo MON-PERP+0.0104%1h0.02475−0.230%$37K3xas long as short
Aftermath Perps MONUSD+0.0214%1h0.02486+0.201%$5K$81K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0230% / S −0.0246%1h0.02477−0.145%$6K50xas long as short
BloFin MON-USDT+0.0340%4h0.02491+0.419%$1.3M$345K75xas long as short
Perpl MONlong+0.0447%43m0.02481long leg$113K$2.2M10x
Coinbase International MON-PERP-INTX+0.0456%1h0.02530+1.991%$110K$54K50xas long as short
Kraken Futures PF_MONUSD+0.1027%1h0.02479−0.084%$266K$114K10xas long as short