Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h −0.114%

Price spread now: KuCoin against Aftermath Perps+0.162%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1451.449% of the position

Long on Aftermath Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. KuCoin is 0.162% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.162% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02507	0.0502	pay 0.0063% / 1h	1m 20s	$4K	$102K	10x
Short	KuCoin MONUSDTM	0.02511	0.0100	get 0.0050% / 4h	1m 20s	$2.9M	$765K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.162%Rate

Funding earned: −$84.47
Price spread: +0.162% → 0.000%: $16.19
Slippage, 4 orders: −$123.86
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$213.14
Costs to cover: 1.449%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 38 min ago; KuCoin: live order book, 6 min ago.

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 live order book, 38 min ago	7.18 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	11.94 bp	68.7 bp −$69	474.3 bp −$4,743	doesn't fit	doesn't fit

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	−0.0032%	1h	0.02505	−0.077%	$5K	$113	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02507	+0.014%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02509	+0.066%	$118K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02507	−0.014%	$73K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02508	+0.042%	$804K	$785K	10x	as long as short
Backpack MON_USDC_PERP	+0.0096%	1h	0.02507	+0.010%	$109K	$157K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02506	−0.032%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02510	+0.135%	$393K	$577K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02510	+0.102%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02505	−0.067%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02507	+0.002%	$139K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02510	+0.106%	$23.9M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02509	+0.082%	$21.0M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02505	−0.077%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02508	+0.042%	$938K	$1.1M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02511	+0.162%	$2.9M	$765K	75x
Bitget MONUSDT	+0.0100%	4h	0.02508	+0.042%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02504	−0.111%	$743K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02505	−0.079%	$41K	$252K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02509	+0.089%	$559K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02506	−0.038%	$68K	$543K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02506	−0.038%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02506	−0.038%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	+0.122%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02509	+0.071%	$47K	$316K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02506	−0.046%	$38K	—	3x	as long as short
Hyperliquid MON	+0.0152%	1h	0.02511	+0.178%	$34.0M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0216%	1h	0.02508	+0.050%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02507	+0.014%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	−0.038%	$1.3M	$334K	75x	as long as short
Aftermath Perps MONUSDlong	+0.0502%	1h	0.02507	long leg	$4K	$102K	10x
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.325%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1202%	1h	0.02509	+0.065%	$269K	$118K	10x	as long as short