MON

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.224%

7d average—if it closes, per $10,000$22funding while held, a day+$3.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl MON	0.02540	0	get 0.0000% / 43m	32m 52s	$208K	$1.7M	10x
Short	Orderly PERP_MON_USDC	0.02534	0.0100	get 0.0050% / 4h	54m 52s	$17K	$64K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PerplbpFee OrderlybpOrdersClose when spread is

Spread captured: −$22.44
Funding while held: $3
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$39.24
Spread needed to break even: 0.198%

Slippage unknown: Perpl: no order-book sample; Orderly: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0100%
Per $10,000 a day: +$3.00
Average in range /8h: —

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 Perpl no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Perpl and Orderly: 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 32 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MONUSDT	−0.402%	−0.0040%	8h	$21.0M	$11.2M	50x	as long as short
OKX MON-USDT-SWAP	−0.382%	+0.0100%	4h	$4.3M	$5.8M	50x	as long as short
Binance MONUSDT	−0.357%	+0.0100%	4h	$23.9M	$23.7M	75x	as long as short
SoDEX MON-USD	−0.303%	+0.0100%	1h	$5K	$6K	5x	as long as short
Aevo MON-PERP	−0.276%	+0.0104%	1h	$38K	—	3x	as long as short
Backpack MON_USDC_PERP	−0.268%	−0.0032%	1h	$133K	$135K	10x	as long as short
Lighter MON	−0.264%	+0.0096%	1h	$825K	$743K	10x	as long as short
Bitget MONUSDT	−0.264%	+0.0100%	4h	$2.6M	$1.7M	25x	as long as short
GMX MON/USD [ETH-USDC]	−0.252%	L +0.0231% / S −0.0343%	1h	$6K	—	50x	as long as short
01 Exchange MONUSD	−0.232%	+0.0120%	1h	$6K	$1K	5x	as long as short

Show all 32 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MON_USDC-PERPETUAL	−0.232%	0.0000%	1h	$47K	$74K	25x	as long as short
Paradex MON-USD-PERP	−0.230%	+0.0100%	8h	$8K	$42	5x	as long as short
Orderly PERP_MON_USDCshort	−0.224%	+0.0100%	4h	$17K	$64K	10x
Extended MON-USD	−0.218%	+0.0104%	1h	$45K	$400K	10x	as long as short
Kraken Futures PF_MONUSD	−0.214%	+0.0421%	1h	$252K	$61K	10x	as long as short
Hyperliquid MON	−0.209%	+0.0100%	1h	$34.2M	$7.4M	5x	as long as short
Aster MONUSDT	−0.201%	+0.0100%	4h	$105K	$240K	10x	as long as short
Pacifica MON	−0.185%	+0.0100%	1h	$144K	$104K	3x	as long as short
Gate MON_USDT	−0.185%	+0.0100%	4h	$960K	$931K	50x	as long as short
BloFin MON-USDT	−0.185%	+0.0049%	4h	$1.3M	$217K	75x	as long as short
Variational Omni MON	−0.164%	+0.0100%	8h	$756K	$366K	—	as long as short
Phoenix MON	−0.154%	0.0000%	1h	$13K	$374K	5x	as long as short
Nado MON-PERP	−0.108%	+0.0100%	1h	$315K	$529K	10x	as long as short
ApeX Omni MONUSDT	−0.106%	+0.0100%	1h	$68K	$491K	50x	as long as short
Injective MON/USDC PERP	−0.067%	−0.0242%	1h	$6K	$108	5.5x	as long as short
dYdX MON-USD	−0.044%	+0.0100%	1h	$13K	—	5x	as long as short
KuCoin MONUSDTM	−0.028%	+0.0230%	4h	$2.6M	$703K	75x	as long as short
Aftermath Perps MONUSD	−0.011%	+0.0495%	1h	$2K	$72K	10x	as long as short
Perpl MONlong	0.000%	0.0000%	43m	$208K	$1.7M	10x
edgeX MONUSDC	+0.011%	+0.0100%	4h	$47K	$240K	10x	as long as short
Bulk MON-USD	+0.012%	+0.0100%	1h	$104K	$5K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.232%	+0.0624%	1h	$113K	$51K	50x	as long as short

MON