MON

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Spread before costs (cost unknown: a leg has no order-book sample)−0.169%

7d average+0.064%if it closes, per $10,000$17funding while held, a day+$0.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MON	0.02595	0.0100	pay 0.0100% / 8h	7m 37s	$802K	$318K	—
Short	OKX MON-USDT-SWAP	0.02591	0.0100	get 0.0050% / 4h	7m 37s	$4.5M	$6.5M	50x

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 Variational OmnibpFee OKXbpOrdersClose when spread is

Slippage unknown: Variational Omni: RFQ quote, 43 min ago; OKX: live order book, 2 min ago. Net counts fees only.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 43 min ago	13.32 bp	doesn't fit	116.1 bp −$1,161	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.86 bp	17.5 bp −$18	69.9 bp −$699	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MON/USDC PERP	−0.323%	+0.0064%	1h	$6K	$110	5.5x	as long as short
Bybit MONUSDT	−0.246%	+0.0100%	8h	$21.6M	$11.1M	50x	as long as short
OKX MON-USDT-SWAPshort	−0.169%	+0.0100%	4h	$4.5M	$6.5M	50x
Bitget MONUSDT	−0.092%	+0.0100%	4h	$2.7M	$1.7M	25x	as long as short
Bulk MON-USD	−0.067%	+0.0100%	1h	$101K	$24K	10x	as long as short
Gate MON_USDT	−0.053%	+0.0100%	4h	$980K	$972K	50x	as long as short
Paradex MON-USD-PERP	−0.050%	+0.0100%	8h	$8K	—	5x	as long as short
Binance MONUSDT	−0.044%	+0.0100%	4h	$24.6M	$23.3M	75x	as long as short
dYdX MON-USD	−0.018%	+0.0100%	1h	$13K	—	5x	as long as short
Lighter MON	−0.015%	+0.0096%	1h	$885K	$795K	10x	as long as short

Show all 32 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MON	−0.011%	+0.0100%	1h	$164K	$89K	3x	as long as short
Variational Omni MONlong	0.000%	+0.0100%	8h	$802K	$318K	—
Extended MON-USD	+0.002%	+0.0104%	1h	$46K	$406K	10x	as long as short
01 Exchange MONUSD	+0.020%	+0.0632%	1h	$6K	$2K	5x	as long as short
Aster MONUSDT	+0.049%	+0.0100%	4h	$114K	$222K	10x	as long as short
BloFin MON-USDT	+0.062%	+0.0113%	4h	$1.4M	$199K	75x	as long as short
Perpl MON	+0.089%	+0.0447%	43m	$140K	$1.5M	10x	as long as short
Orderly PERP_MON_USDC	+0.101%	+0.0100%	4h	$17K	$76K	10x	as long as short
Backpack MON_USDC_PERP	+0.105%	+0.0681%	1h	$132K	$114K	10x	as long as short
SoDEX MON-USD	+0.139%	+0.0100%	1h	$5K	$6K	5x	as long as short
Aevo MON-PERP	+0.143%	+0.0104%	1h	$39K	—	3x	as long as short
Hyperliquid MON	+0.151%	+0.0697%	1h	$35.1M	$7.8M	5x	as long as short
GMX MON/USD [ETH-USDC]	+0.155%	L +0.0232% / S −0.0343%	1h	$6K	—	50x	as long as short
Aftermath Perps MONUSD	+0.172%	+0.1410%	1h	$6K	$84K	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.205%	+0.0250%	1h	$44K	$69K	25x	as long as short
Phoenix MON	+0.213%	+0.0305%	1h	$13K	$427K	5x	as long as short
edgeX MONUSDC	+0.214%	+0.0100%	4h	$48K	$238K	10x	as long as short
KuCoin MONUSDTM	+0.255%	+0.0420%	4h	$2.7M	$702K	75x	as long as short
Kraken Futures PF_MONUSD	+0.302%	+0.0885%	1h	$258K	$70K	10x	as long as short
Nado MON-PERP	+0.306%	+0.0100%	1h	$305K	$514K	10x	as long as short
ApeX Omni MONUSDT	+0.332%	+0.0100%	1h	$69K	$499K	50x	as long as short
Coinbase International MON-PERP-INTX	+0.401%	+0.1208%	1h	$115K	$41K	50x	as long as short