ArbiLayer

MON arbitrage

live

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

Best net spread-0.04%Binance → Hyperliquid · Perp–Perp
Best perp–perp spread+0.12%Binance → Hyperliquid
Markets tracked1510 venues · 9 perp · 6 spot · 0 DEX
Price range0.22%$0.0253 – $0.0254

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.0253Bybit logoBybitspot$0.0253 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.0253OKX logoOKXspot$0.0253 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.0253Bitget logoBitgetspot$0.0253 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0253OKX logoOKXspot$0.0253 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0253Bitget logoBitgetspot$0.0253 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Gate logoGatespot$0.0253MEXC logoMEXCspot$0.0253 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Gate logoGatespot$0.0253KuCoin logoKuCoinspot$0.0253 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
OKX logoOKXspot$0.0253Bybit logoBybitspot$0.0253 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
OKX logoOKXspot$0.0253Bitget logoBitgetspot$0.0253 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0253Bybit logoBybitspot$0.0253 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0253OKX logoOKXspot$0.0253 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0253Bitget logoBitgetspot$0.0253 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0253Bybit logoBybitspot$0.0253 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0253OKX logoOKXspot$0.0253 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0253Bitget logoBitgetspot$0.0253 -0.08%-0.28% -0.08%— 0.000%— 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 $0.0253$0.0253$0.0253-0.06% +0.030%$14.69M
Hyperliquid logoHyperliquidPerpetual · MONPerpetual $0.0254$0.0254$0.0254+0.16% +0.030%$11.67M
OKX logoOKXPerpetual · MON-USDT-SWAPPerpetual $0.0253$0.0253$0.0253-0.04% +0.030%$9.75M
Bybit logoBybitSpot · MONUSDTSpot $0.0253$0.0253$0.02530.00% —$9.17M
Gate logoGateSpot · MON_USDTSpot $0.0253$0.0253$0.0253-0.04% —$4.52M
OKX logoOKXSpot · MON-USDTSpot $0.0253$0.0253$0.0253+0.02% —$3.95M
Gate logoGatePerpetual · MON_USDTPerpetual $0.0253$0.0253$0.0253-0.04% -0.007%$2.92M
Bitget logoBitgetPerpetual · MONUSDTPerpetual $0.0253$0.0254$0.0253+0.06% +0.030%$1.57M
KuCoin logoKuCoinPerpetual · MONUSDTMPerpetual $0.0253$0.0254$0.0253+0.04% +0.030%$837.7K
Variational logoVariationalPerpetual · MONPerpetual $0.0253$0.0254$0.0253-0.04% +0.030%$820.0K
KuCoin logoKuCoinSpot · MON-USDTSpot $0.0253$0.0253$0.02530.00% —$403.0K
Bitget logoBitgetSpot · MONUSDTSpot $0.0253$0.0254$0.0253+0.06% —$278.7K
Binance logoBinancePerpetual · MONUSDTPerpetual $0.0253$0.0253$0.0253-0.04% +0.030%—
Aster logoAsterPerpetual · MONUSDTPerpetual $0.0253$0.0254$0.0253+0.08% +0.030%—
MEXC logoMEXCSpot · MONUSDTSpot $0.0253$0.0253$0.02530.00% ——
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 Bybit perp at $0.0253 and the highest bid on Hyperliquid perp at $0.0254.

The widest MON perpetual spread is between Binance and Hyperliquid: long MON on Binance at $0.0253 and short on Hyperliquid at $0.0254 for +0.12% gross, or -0.04% 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 collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best MON route is to buy spot on Gate and short the perpetual on Hyperliquid: +0.12% gross, -0.08% net, with +0.030% a day of funding on the short leg.

Spot–spot MON arbitrage (buy on Gate, 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 Binance → sell on Hyperliquid (Perp–Perp): +0.12% gross and -0.04% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest MON?

Bybit (perp) has the lowest MON ask at $0.0253, and Hyperliquid (perp) the highest bid at $0.0254. 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 (Binance now) and short it on the more expensive one (Hyperliquid), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

POWER +16.63%CRO +14.52%ESPORTS +9.47%ONE +6.92%BDX +6.83%OPENAI +6.17%BLAST +3.74%OURA +3.39%ANTHROPIC +3.29%SPCX +3.27%EGLD +3.25%COOL +3.03%AI +2.71%ZIL +2.69%APPSTOCK +2.42%STG +2.15%SCRT +1.97%SWARM +1.83%