Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.228%

Price spread now: Gate against Aftermath Perps−0.335%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Gate

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—needs both histories

Funding pays, the price is against you. Gate is 0.335% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.335% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 56 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02586	0.0080	pay 0.0010% / 1h	36m 56s	$2K	$75K	10x
Short	Gate MON_USDT	0.02577	0.0100	get 0.0050% / 4h	36m 56s	$980K	$908K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now −0.335%Rate

Funding earned: $4.16
Price spread: −0.335% → 0.000%: −$33.46
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.3
Costs to cover: 0.240%
Break-even: 96.6 days

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 40 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 40 min ago	7.76 bp	28.5 bp −$28	306.9 bp −$3,069	doesn't fit	doesn't fit

Aftermath Perps: 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
Injective MON/USDC PERP	−0.0121%	1h	0.02575	−0.412%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02579	−0.257%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0040%	8h	0.02577	−0.335%	$21.4M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02585	−0.010%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02581	−0.180%	$126K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02580	−0.207%	$70K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02579	−0.257%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSDlong	+0.0080%	1h	0.02586	long leg	$2K	$75K	10x
Paradex MON-USD-PERP	+0.0093%	8h	0.02579	−0.261%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02580	−0.219%	$857K	$793K	10x	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	0.02586	−0.005%	$394K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02582	−0.126%	$34.9M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02577	−0.322%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02582	−0.157%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02581	−0.180%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02577	−0.335%	$24.5M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02577	−0.335%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	−0.031%	$108K	$3K	10x	as long as short
Gate MON_USDTshort	+0.0100%	4h	0.02577	−0.335%	$980K	$908K	50x
Bitget MONUSDT	+0.0100%	4h	0.02579	−0.257%	$2.8M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02577	−0.319%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02582	−0.134%	$780K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02582	−0.131%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02586	+0.010%	$586K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02583	−0.103%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02579	−0.257%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02583	−0.100%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02579	−0.257%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0250%	4h	0.02581	−0.180%	$3.0M	$716K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02580	−0.234%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02577	−0.335%	$1.4M	$309K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0418%	1h	0.02583	−0.101%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+0.899%	$115K	$50K	50x	as long as short