Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.040%

Price spread now: 01 Exchange against Variational Omni+0.185%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on 01 Exchange

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.185% dearer against Variational Omni than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MON	0.02531	0.0100	pay 0.0100% / 8h	5h 32m	$752K	$405K	—
Short	01 Exchange MONUSD	0.02535	0	get 0.0000% / 1h	32m 33s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee 01 ExchangebpOrdersPrice spread, now +0.185%Rate

Funding earned: −$21
Price spread: +0.185% → 0.000%: $18.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$9.45
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 32 min ago	9.85 bp	doesn't fit	80.8 bp −$808	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix MON	−0.0316%	1h	0.02527	−0.143%	$13K	$367K	5x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02535	+0.178%	$6K	$111	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0252%	1h	0.02538	+0.296%	$114K	$151K	10x	as long as short
Bybit MONUSDT	−0.0154%	8h	0.02531	+0.019%	$20.7M	$12.9M	50x	as long as short
01 Exchange MONUSDshort	0.0000%	1h	0.02535	+0.185%	$6K	$1K	5x
Perpl MON	0.0000%	43m	0.02535	+0.174%	$105K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02536	+0.229%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02536	+0.217%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02536	+0.217%	$845K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02533	+0.082%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02537	+0.270%	$408K	$541K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02536	+0.217%	$34.4M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02536	+0.209%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02536	+0.221%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02535	+0.178%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02534	+0.148%	$24.2M	$26.1M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02533	+0.099%	$4.2M	$5.8M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02536	+0.217%	$955K	$926K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02538	+0.296%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02535	+0.178%	$2.7M	$2.0M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02531	long leg	$752K	$405K	—
edgeX MONUSDC	+0.0100%	4h	0.02535	+0.174%	$42K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02538	+0.294%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02536	+0.217%	$68K	$501K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02536	+0.217%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	−0.020%	$105K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02537	+0.241%	$50K	$516K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02535	+0.197%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0245%	1h	0.02533	+0.101%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02534	+0.138%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02536	+0.217%	$1.3M	$321K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0490%	1h	0.02538	+0.293%	$270K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02538	+0.276%	$111K	$52K	50x	as long as short