Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0259%/8h= +28.3% APRpaid last 24h −0.250%

Price spread now: Perpl against Aftermath Perps−0.159%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 Perpl

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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Funding pays, the price is against you. Perpl is 0.159% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.159% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 2.1 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02581	0.0188	pay 0.0023% / 1h	21m 18s	$4K	$74K	10x
Short	Perpl MON	0.02576	0.0447	get 0.0040% / 43m	0m 18s	$167K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.159%Rate

Funding earned: $54.35
Price spread: −0.159% → 0.000%: −$15.92
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $15.63
Costs to cover: 0.228%
Break-even: 5.0 days

Slippage unknown: Aftermath Perps: no order-book sample; Perpl: no order-book sample. 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 Perpl no order-book sample	—	—	—	—	—

Aftermath Perps and Perpl: 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	−0.0444%	1h	0.02576	−0.179%	$6K	$107	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0060%	1h	0.02579	−0.051%	$70K	$119K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02577	−0.132%	$13K	$351K	5x	as long as short
01 Exchange MONUSD	+0.0056%	1h	0.02575	−0.217%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02577	−0.140%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02575	−0.215%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02577	−0.140%	$858K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02582	+0.073%	$394K	$528K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02582	+0.035%	$35.1M	$7.3M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02579	−0.069%	$107K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02579	−0.080%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02578	−0.109%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02576	−0.162%	$24.6M	$25.3M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02577	−0.128%	$21.4M	$12.1M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02576	−0.179%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.024%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02579	−0.062%	$976K	$910K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02578	−0.101%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02579	−0.070%	$129K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02576	−0.176%	$775K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02579	−0.069%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02584	+0.132%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02583	+0.093%	$69K	$486K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02577	−0.140%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02582	+0.058%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02578	−0.105%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0158%	4h	0.02583	+0.093%	$3.0M	$718K	75x	as long as short
Aftermath Perps MONUSDlong	+0.0188%	1h	0.02581	long leg	$4K	$74K	10x
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02579	−0.047%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02584	+0.131%	$1.4M	$308K	75x	as long as short
Perpl MONshort	+0.0447%	43m	0.02576	−0.159%	$167K	$2.0M	10x
Kraken Futures PF_MONUSD	+0.0463%	1h	0.02582	+0.038%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02584	+0.135%	$113K	$51K	50x	as long as short