Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Aster−0.335%50s7-day average −0.061% · 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—prices read too far apart to compare

costs, in and out, $10k−$1041.040% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.346%+$35 · spread now −0.335%, 7d avg −0.061%

Together, before fees+0.346%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$35 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: edgeX is 0.274% cheaper against Aster than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.061%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02561	0.0100	pay 0.0050% / 4h	3h 46m	$106K	$231K	10x
Short	edgeX MONUSDC	0.02552	0.0100	get 0.0050% / 4h	3h 46m	$47K	$244K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.335%Rate

Funding earned: $0
Price spread: −0.335% → −0.061%: −$27.44
Slippage, 4 orders: −$86.96
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$131.4
Costs to cover: 1.040%
Break-even: never at this rate

Slippage from Aster: live order book, 25 min ago; edgeX: live order book, 25 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, 25 min ago	15.66 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 25 min ago	7.82 bp	17.4 bp −$17	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	−0.0444%	1h	0.02556	−0.198%	$6K	$105	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0110%	1h	0.02560	−0.026%	$127K	$141K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02555	−0.229%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02555	−0.229%	$69K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02555	−0.249%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02554	−0.276%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02563	+0.075%	$851K	$744K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02553	−0.303%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02557	−0.155%	$389K	$539K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02565	+0.153%	$34.7M	$7.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDTlong	+0.0100%	4h	0.02561	long leg	$106K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02560	−0.049%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02561	−0.003%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02561	−0.003%	$24.5M	$25.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02558	−0.120%	$21.1M	$12.1M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02560	−0.042%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−0.432%	$105K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02560	−0.042%	$977K	$893K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02562	+0.036%	$2.7M	$1.9M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02550	−0.428%	$771K	$407K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02552	−0.335%	$47K	$244K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02556	−0.184%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02554	−0.276%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02553	−0.315%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02564	+0.121%	$52K	$440K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02553	−0.296%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0125%	1h	0.02555	−0.240%	$3K	$75K	10x	as long as short
KuCoin MONUSDTM	+0.0192%	4h	0.02563	+0.075%	$3.0M	$720K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02555	−0.245%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02553	−0.315%	$1.3M	$306K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02555	−0.245%	$122K	$1.8M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0467%	1h	0.02556	−0.187%	$268K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02609	+1.868%	$115K	$50K	50x	as long as short