ArbiLayer

MON arbitrage

live

Live Monad price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.06%KuCoin → Variational · Perp–Perp
Best perp–perp spread+0.22%KuCoin → Variational
Markets tracked1510 venues · 9 perp · 6 spot · 0 DEX
Price range0.38%$0.0277 – $0.0278

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitgetspot$0.0277Variational logoVariational$0.0277 +0.04%-0.16% +0.05%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0277Variational logoVariational$0.0277 0.00%-0.20% +0.01%— +0.030%— LS Chart →
OKX logoOKXspot$0.0277Variational logoVariational$0.0277 0.00%-0.20% +0.01%— +0.030%— LS Chart →
Gate logoGatespot$0.0277Variational logoVariational$0.0277 0.00%-0.20% +0.01%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0277Variational logoVariational$0.0277 0.00%-0.20% +0.01%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0277Variational logoVariational$0.0277 -0.04%-0.24% -0.03%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0277Hyperliquid logoHyperliquid$0.0277 -0.06%-0.26% -0.06%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0277Bybit logoBybit$0.0277 -0.07%-0.27% -0.06%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0277Hyperliquid logoHyperliquid$0.0277 -0.09%-0.29% -0.09%— +0.030%— LS Chart →
OKX logoOKXspot$0.0277Hyperliquid logoHyperliquid$0.0277 -0.09%-0.29% -0.09%— +0.030%— LS Chart →
Gate logoGatespot$0.0277Hyperliquid logoHyperliquid$0.0277 -0.09%-0.29% -0.09%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0277Hyperliquid logoHyperliquid$0.0277 -0.09%-0.29% -0.09%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0277Bybit logoBybit$0.0277 -0.11%-0.31% -0.10%— +0.030%— LS Chart →
OKX logoOKXspot$0.0277Bybit logoBybit$0.0277 -0.11%-0.31% -0.10%— +0.030%— LS Chart →
Gate logoGatespot$0.0277Bybit logoBybit$0.0277 -0.11%-0.31% -0.10%— +0.030%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

MON price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · MONUSDTPerpetual $0.0277$0.0277$0.0277-0.02% +0.030%$23.20M
Hyperliquid logoHyperliquidPerpetual · MONPerpetual $0.0277$0.0277$0.0277+0.02% +0.030%$17.08M
OKX logoOKXPerpetual · MON-USDT-SWAPPerpetual $0.0277$0.0277$0.0277-0.05% +0.012%$16.60M
Bybit logoBybitSpot · MONUSDTSpot $0.0277$0.0277$0.0277+0.05% —$13.80M
OKX logoOKXSpot · MON-USDTSpot $0.0277$0.0277$0.0277+0.05% —$6.08M
Gate logoGateSpot · MON_USDTSpot $0.0277$0.0277$0.0277+0.02% —$5.46M
Gate logoGatePerpetual · MON_USDTPerpetual $0.0277$0.0277$0.0277-0.05% +0.030%$4.53M
Bitget logoBitgetPerpetual · MONUSDTPerpetual $0.0277$0.0277$0.02770.00% +0.030%$3.00M
Variational logoVariationalPerpetual · MONPerpetual $0.0277$0.0278$0.0278+0.16% +0.030%$1.65M
KuCoin logoKuCoinSpot · MON-USDTSpot $0.0277$0.0277$0.0277+0.02% —$1.16M
KuCoin logoKuCoinPerpetual · MONUSDTMPerpetual $0.0276$0.0277$0.0277-0.22% +0.030%$1.00M
Bitget logoBitgetSpot · MONUSDTSpot $0.0277$0.0277$0.0277-0.04% —$263.9K
Binance logoBinancePerpetual · MONUSDTPerpetual $0.0277$0.0277$0.0277-0.07% +0.030%—
Aster logoAsterPerpetual · MONUSDTPerpetual $0.0277$0.0277$0.0277-0.07% +0.030%—
MEXC logoMEXCSpot · MONUSDTSpot $0.0277$0.0277$0.0277+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

MON arbitrage explained

Right now Monad (MON) trades on 10 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.0277 and the highest bid on Variational perp at $0.0277.

The widest MON perpetual spread is between KuCoin and Variational: long MON on KuCoin at $0.0277 and short on Variational at $0.0277 for +0.22% gross, or +0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.000% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best MON route is to buy spot on Bitget and short the perpetual on Variational: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.

Spot–spot MON arbitrage (buy on Bitget, withdraw, deposit and sell on Bybit) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small MON gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: MON funding rates · MON spread charts · Monad price · arbitrage scanner for all coins.

Is there a MON arbitrage opportunity right now?

The best MON route right now is to buy on KuCoin → sell on Variational (Perp–Perp): +0.22% gross and +0.06% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest MON?

KuCoin (perp) has the lowest MON ask at $0.0277, and Variational (perp) the highest bid at $0.0277. Prices update every 15 seconds on this page.

How many exchanges list MON?

ArbiLayer tracks 15 MON markets on 10 venues: 9 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage MON without transferring coins?

Use two perpetual contracts: go long MON on the cheaper exchange (KuCoin now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +21.92%ONE +7.61%BLAST +7.42%BDX +7.26%UPC +7.05%ESPORTS +6.29%OPENAI +5.36%AI +5.23%ANTHROPIC +3.69%SNEK +3.63%OURA +3.43%H100 +3.40%ZIL +3.25%FLYBRAIN +3.15%CATE +3.06%SPCX +2.76%EGLD +2.70%BEN +2.49%