Cross-venue perp hedging · 11 venues
Find where perp venues disagree on funding and price, open both legs together, and track the hedge as one position.
Runs in your browser. Your wallet, your keys. Nothing held on a server.
Lighter on Robinhood Chain
Lighter mainnet
Hyperliquid
trade.xyz
Extended
Arcus
Ondo
Perpl
Bulk
Variational (view only)
TxFlow (view only)Monvera puts both legs in one place.
The Scanner ranks every shared market by net APR, funding spread and the price gap at a real size.
One ticket sends the long and the short, each to its own venue, signed by your wallet.
Both legs read as one hedge: what it earns, what closing costs, how far each leg is from liquidation.
Every market shared by Lighter (Robinhood Chain and mainnet), Hyperliquid, trade.xyz, Variational, Extended, Arcus, Bulk, Ondo Perps, Perpl and TxFlow, ranked by funding spread, APR and price gap at a real order size.
Open the Scanner| Market | Long / short | Funding spread | Net APR |
|---|---|---|---|
Which pair, size and leverage costs least to hold, counting fees and both order books in and out.
For each hedge you hold, whether to hold, watch or close.
How far each leg is from liquidation, since the two legs sit on separate exchanges with separate collateral.
Every figure and every signature is made on your device.
Your wallet signs. The trading keys it authorizes stay in this browser.
No account, no deposit. Funds stay on each venue.
No. Monvera runs in your browser. Your wallet signs every request there, the trading keys it authorizes stay in this browser, and your funds stay in your own accounts on each venue.
Lighter (Robinhood Chain and mainnet), Hyperliquid, trade.xyz, Variational, Extended, Arcus, Bulk, Ondo Perps, Perpl and TxFlow. Variational and TxFlow are view only: their trading APIs are not public, so their markets show but can’t be traded from here.
The funding the hedge collects, at what both venues paid over the last 24 hours (the live rate where a venue keeps no history), less the round trip spread over your hold: both order books crossed in and out at the Scanner’s size, plus taker fees where the venue publishes them. The price gap is paid on entry and returned on exit, so it is not counted as a cost.
A hedge is neutral on price, but its margin is not. The two legs sit on separate exchanges with separate collateral, so a move that liquidates one leg puts the offsetting gain on the other venue, where it cannot save it.