Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0498%/8h= +54.5% APRpaid last 24h +0.076%

Price spread now: GMX against Aster+0.080%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.080% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02560	0.0100	pay 0.0050% / 4h	3h 46m	$106K	$231K	10x
Short	GMX MON/USD [ETH-USDC]	0.02562	L +0.0260% / S −0.0598%	get 0.0075% / 1h	46m 14s	$8K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $104.54
Price spread: +0.080% → 0.000%: $7.97
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $92.51
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: Aster: live order book, 25 min ago; GMX: 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 Aster live order book, 25 min ago	15.66 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.02556	−0.170%	$6K	$105	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0083%	1h	0.02566	+0.209%	$127K	$141K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02555	−0.201%	$13K	$351K	5x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02560	−0.006%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0062%	1h	0.02566	+0.232%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02564	+0.142%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02567	+0.259%	$853K	$744K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02560	−0.013%	$8K	$42	5x	as long as short
Aftermath Perps MONUSD	+0.0099%	1h	0.02556	−0.160%	$3K	$75K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02563	+0.099%	$391K	$540K	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	0.02561	+0.025%	$34.7M	$7.6M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02560	long leg	$106K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02560	−0.022%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02561	+0.025%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02563	+0.119%	$24.5M	$25.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02565	+0.181%	$21.2M	$12.1M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02562	+0.064%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−0.404%	$105K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02560	−0.014%	$977K	$893K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02566	+0.220%	$2.7M	$1.9M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02558	−0.108%	$771K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02552	−0.307%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02556	−0.157%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02554	−0.248%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02565	+0.181%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02569	+0.352%	$49K	$444K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02565	+0.181%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0194%	4h	0.02568	+0.298%	$3.0M	$720K	75x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0260% / S −0.0598%	1h	0.02562	+0.080%	$8K	—	50x
BloFin MON-USDT	+0.0340%	4h	0.02553	−0.287%	$1.3M	$306K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02560	−0.002%	$123K	$1.8M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0465%	1h	0.02569	+0.320%	$270K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02558	−0.096%	$113K	$49K	50x	as long as short