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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.091%
Price spread now: Hyperliquid against SoDEX+0.144%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.144% dearer against SoDEX than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MON-USD0.024970.0100pay 0.0013% / 1h42m 53s$5K$6K5x
ShortHyperliquid MON0.025010.0100get 0.0013% / 1h42m 53s$33.8M$7.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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
$0
Price spread: +0.144% → 0.000%
$14.42
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$2.58
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 10 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 SoDEX no order-book sample
Sell Hyperliquid live order book, 10 min ago1.19 bp12.4 bp −$12doesn't fitdoesn't fitdoesn't fit
SoDEX: 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
01 Exchange MONUSD−0.0464%1h0.02503+0.236%$6K$1K5xas long as short
Backpack MON_USDC_PERP−0.0284%1h0.02501+0.156%$112K$151K10xas long as short
Injective MON/USDC PERP−0.0176%1h0.02517+0.801%$5K$1095.5xas long as short
Bybit MONUSDT−0.0163%8h0.02498+0.048%$20.5M$13.2M50xas long as short
Deribit MON_USDC-PERPETUAL−0.0150%1h0.02499+0.072%$74K$134K25xas long as short
Phoenix MON0.0000%1h0.02505+0.312%$12K$359K5xas long as short
Perpl MON0.0000%43m0.02502+0.188%$107K$2.3M10xas long as short
Orderly PERP_MON_USDC+0.0071%4h0.02500+0.120%$16K$41K10xas long as short
Variational Omni MON+0.0086%8h0.02500+0.122%$740K$407Kas long as short
Paradex MON-USD-PERP+0.0088%8h0.02503+0.242%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MON+0.0096%1h0.02500+0.120%$842K$747K10xas long as short
Nado MON-PERP+0.0100%1h0.02507+0.406%$430K$559K10xas long as short
Hyperliquid MONshort+0.0100%1h0.02501+0.144%$33.8M$7.5M5x
Aster MONUSDT+0.0100%4h0.02501+0.173%$100K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02506+0.362%$13K5xas long as short
Pacifica MON+0.0100%1h0.02506+0.360%$138K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02498+0.041%$23.7M$26.7M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02496−0.040%$4.2M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02495−0.069%$102K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02500+0.120%$947K$982K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02503+0.240%$2.8M$752K75xas long as short
Bitget MONUSDT+0.0100%4h0.02502+0.200%$2.7M$2.1M25xas long as short
edgeX MONUSDC+0.0100%4h0.02498+0.043%$41K$251K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02501+0.141%$559K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02501+0.160%$67K$507K50xas long as short
SoDEX MON-USDlong+0.0100%1h0.02497long leg$5K$6K5x
Extended MON-USD+0.0104%1h0.02502+0.184%$48K$521K10xas long as short
Aevo MON-PERP+0.0104%1h0.02500+0.120%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02500+0.136%$9K50xas long as short
Aftermath Perps MONUSD+0.0260%1h0.02506+0.376%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02502+0.200%$1.3M$337K75xas long as short
Coinbase International MON-PERP-INTX+0.0408%1h0.02514+0.661%$110K$57K50xas long as short
Kraken Futures PF_MONUSD+0.0545%1h0.02502+0.194%$268K$116K10xas long as short