MON

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After costs, if the gap returns to its 7d average, $10k−$126

spread now−0.171%7d average+0.054%fees + slippage, in and out−$104spread needed1.038%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MON	0.02596	0.0305	pay 0.0038% / 1h	57m 57s	$13K	$413K	5x
Short	Kraken Futures PF_MONUSD	0.02591	0.0983	get 0.0123% / 1h	57m 57s	$257K	$70K	10x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

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

Position, each leg$Hold forhoursFee PhoenixbpFee Kraken FuturesbpOrdersClose when spread is

Slippage from Phoenix: live order book, 51 min ago; Kraken Futures: live order book, 51 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 51 min ago	1.14 bp	13.0 bp −$13	52.1 bp −$521	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 51 min ago	13.30 bp	32.0 bp −$32	680.0 bp −$6,800	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MON	−0.508%	+0.0100%	8h	$799K	$318K	—	as long as short
Pacifica MON	−0.470%	+0.0100%	1h	$163K	$89K	3x	as long as short
dYdX MON-USD	−0.412%	+0.0100%	1h	$13K	—	5x	as long as short
BloFin MON-USDT	−0.412%	+0.0041%	4h	$1.4M	$199K	75x	as long as short
Paradex MON-USD-PERP	−0.401%	+0.0100%	8h	$8K	—	5x	as long as short
OKX MON-USDT-SWAP	−0.374%	+0.0100%	4h	$4.4M	$6.5M	50x	as long as short
Aster MONUSDT	−0.357%	+0.0100%	4h	$114K	$222K	10x	as long as short
Bybit MONUSDT	−0.351%	+0.0100%	8h	$21.6M	$11.1M	50x	as long as short
Orderly PERP_MON_USDC	−0.335%	+0.0100%	4h	$17K	$71K	10x	as long as short
Injective MON/USDC PERP	−0.335%	+0.0199%	1h	$6K	$106	5.5x	as long as short

Show all 32 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
GMX MON/USD [ETH-USDC]	−0.300%	L +0.0231% / S −0.0343%	1h	$6K	—	50x	as long as short
Nado MON-PERP	−0.288%	+0.0100%	1h	$304K	$513K	10x	as long as short
Gate MON_USDT	−0.258%	+0.0100%	4h	$974K	$915K	50x	as long as short
Bitget MONUSDT	−0.258%	+0.0100%	4h	$2.7M	$1.7M	25x	as long as short
Aevo MON-PERP	−0.258%	+0.0104%	1h	$39K	—	3x	as long as short
SoDEX MON-USD	−0.258%	+0.0100%	1h	$5K	$6K	5x	as long as short
Perpl MON	−0.254%	+0.0447%	43m	$224K	$1.6M	10x	as long as short
edgeX MONUSDC	−0.245%	+0.0100%	4h	$48K	$240K	10x	as long as short
Backpack MON_USDC_PERP	−0.243%	+0.0639%	1h	$131K	$114K	10x	as long as short
Binance MONUSDT	−0.220%	+0.0100%	4h	$24.6M	$23.4M	75x	as long as short
ApeX Omni MONUSDT	−0.220%	+0.0100%	1h	$69K	$499K	50x	as long as short
01 Exchange MONUSD	−0.196%	+0.0416%	1h	$6K	$2K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.196%	+0.0445%	1h	$44K	$69K	25x	as long as short
Lighter MON	−0.181%	+0.0096%	1h	$883K	$770K	10x	as long as short
KuCoin MONUSDTM	−0.181%	+0.0432%	4h	$2.6M	$702K	75x	as long as short
Aftermath Perps MONUSD	−0.177%	+0.1380%	1h	$6K	$83K	10x	as long as short
Kraken Futures PF_MONUSDshort	−0.171%	+0.0983%	1h	$257K	$70K	10x
Extended MON-USD	−0.112%	+0.0104%	1h	$46K	$406K	10x	as long as short
Hyperliquid MON	−0.112%	+0.0241%	1h	$35.0M	$7.8M	5x	as long as short
Bulk MON-USD	−0.028%	+0.0100%	1h	$101K	$20K	10x	as long as short
Phoenix MONlong	0.000%	+0.0305%	1h	$13K	$413K	5x
Coinbase International MON-PERP-INTX	+0.389%	+0.1176%	1h	$115K	$41K	50x	as long as short