Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.217%

Price spread now: Coinbase International against Aster+0.382%7-day average +0.502% · 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−$337as in the Price arb table

costs, in and out, $10k−$3253.254% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.830%+$83 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now +0.382%, 7d avg +0.502%

Together, before fees+1.113%+ Points / potential airdropAster: Stage 5 · farm board+$111 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.120% cheaper against Aster than usual: you would sell low and buy high (spread +0.382% now, against its 7-day average of +0.502%). If the spread goes back, that is −$12 on $10k: about 22 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02538	0.0100	pay 0.0050% / 4h	1h 20m	$101K	$222K	10x
Short	Coinbase International MON-PERP-INTX	0.02547	0.0536	get 0.0067% / 1h	20m 47s	$111K	$56K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.382%Rate

Funding earned: $91.56
Price spread: +0.382% → +0.502%: −$12
Slippage, 4 orders: −$307.36
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$245.8
Costs to cover: 3.254%
Break-even: 25.8 days

Slippage from Aster: live order book, 41 min ago; Coinbase International: live order book, 42 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 Aster live order book, 41 min ago	13.80 bp	38.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 42 min ago	20.13 bp	105.3 bp −$105	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
Phoenix MON	−0.0316%	1h	0.02531	−0.269%	$12K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0254%	1h	0.02536	−0.079%	$114K	$150K	10x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02535	−0.107%	$6K	$111	5.5x	as long as short
Bybit MONUSDT	−0.0151%	8h	0.02533	−0.206%	$20.8M	$13.1M	50x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0026%	1h	0.02535	−0.123%	$68K	$125K	25x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02538	+0.019%	$6K	$1K	5x	as long as short
Perpl MON	0.0000%	43m	0.02535	−0.103%	$105K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0085%	4h	0.02537	−0.028%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02535	−0.107%	$845K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02538	+0.007%	$8K	$42	5x	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	0.02536	−0.048%	$34.3M	$7.5M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02538	long leg	$101K	$222K	10x
dYdX MON-USD	+0.0100%	1h	0.02539	+0.043%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02538	−0.005%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02534	−0.146%	$24.2M	$26.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02533	−0.186%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.697%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02536	−0.068%	$947K	$959K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02538	+0.011%	$2.9M	$743K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02537	−0.028%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02531	−0.263%	$753K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02523	−0.589%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02530	−0.303%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02529	−0.343%	$68K	$502K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02539	+0.056%	$414K	$543K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02533	−0.186%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02538	−0.007%	$50K	$516K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02533	−0.182%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0226%	1h	0.02532	−0.236%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02534	−0.139%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02535	−0.107%	$1.3M	$321K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0490%	1h	0.02538	+0.005%	$272K	$110K	10x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0536%	1h	0.02547	+0.382%	$111K	$56K	50x