Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against ApeX Omni−0.041%7-day average +0.013% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1281.275% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.041%, 7d avg +0.013%

Together, before fees+0.010%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.054% cheaper against ApeX Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MONUSDT	0.02558	0.0100	pay 0.0013% / 1h	11m 24s	$68K	$481K	50x
Short	Aster MONUSDT	0.02557	0.0100	get 0.0050% / 4h	11m 24s	$106K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.013%: −$5.4
Slippage, 4 orders: −$109.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$132.91
Costs to cover: 1.275%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Aster: live order book, 65 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 ApeX Omni live order book, 66 min ago	13.59 bp	22.5 bp −$22	124.9 bp −$1,249	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	15.52 bp	34.4 bp −$34	doesn't fit	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	−0.0121%	1h	0.02559	+0.039%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0096%	1h	0.02555	−0.133%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0030%	8h	0.02553	−0.195%	$21.1M	$12.1M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02557	−0.055%	$13K	$360K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02556	−0.094%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02555	−0.117%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02556	−0.078%	$849K	$794K	10x	as long as short
Paradex MON-USD-PERP	+0.0096%	8h	0.02554	−0.145%	$8K	$42	5x	as long as short
Aftermath Perps MONUSD	+0.0097%	1h	0.02559	+0.024%	$3K	$75K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02558	−0.017%	$390K	$542K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02557	−0.031%	$34.6M	$7.7M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02557	−0.041%	$106K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02557	−0.027%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02556	−0.066%	$141K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02555	−0.117%	$24.4M	$25.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02552	−0.235%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	−0.117%	$107K	$390	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02556	−0.078%	$975K	$912K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02557	−0.039%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02556	−0.090%	$127K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02552	−0.249%	$772K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02555	−0.110%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02558	+0.005%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02558	long leg	$68K	$481K	50x
SoDEX MON-USD	+0.0100%	1h	0.02554	−0.156%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02557	−0.032%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02554	−0.156%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0254%	4h	0.02562	+0.156%	$3.0M	$719K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02555	−0.117%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02557	−0.039%	$1.3M	$306K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0422%	1h	0.02558	+0.005%	$269K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02556	−0.074%	$124K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.990%	$115K	$50K	50x	as long as short