Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.085%
Price spread now: Hyperliquid against Aster+0.095%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$870.871% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.162%+$16 on $10k
Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.095%, 7d avg +0.091%
Together, before fees+0.151%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MONUSDT0.024780.0100pay 0.0050% / 4h2h 32m$99K$221K10x
ShortHyperliquid MON0.024800.0100get 0.0013% / 1h32m 49s$33.3M$7.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.095% → +0.091%
$0.37
Slippage, 4 orders
−$70.13
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$86.76
Costs to cover
0.871%
Break-even
never at this rate
Slippage from Aster: live order book, 14 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 14 min ago14.04 bp37.4 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.20 bp11.1 bp −$11doesn't fitdoesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack MON_USDC_PERP−0.0126%1h0.02478+0.022%$115K$156K10xas long as short
Deribit MON_USDC-PERPETUAL−0.0073%1h0.02475−0.083%$73K$136K25xas long as short
Bybit MONUSDT−0.0004%8h0.02476−0.063%$20.3M$13.6M50xas long as short
Phoenix MON0.0000%1h0.02484+0.248%$12K$355K5xas long as short
01 Exchange MONUSD+0.0032%1h0.02473−0.196%$6K$1K5xas long as short
Injective MON/USDC PERP+0.0039%1h0.02489+0.462%$5K$1135.5xas long as short
Orderly PERP_MON_USDC+0.0083%4h0.02475−0.103%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02479+0.058%$820K$752K10xas long as short
Paradex MON-USD-PERP+0.0100%8h0.02474−0.149%$7K$425xas long as short
Nado MON-PERP+0.0100%1h0.02476−0.072%$403K$579K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MONshort+0.0100%1h0.02480+0.095%$33.3M$7.6M5x
Aster MONUSDTlong+0.0100%4h0.02478long leg$99K$221K10x
dYdX MON-USD+0.0100%1h0.02475−0.111%$12K5xas long as short
Pacifica MON+0.0100%1h0.02475−0.103%$137K$92K3xas long as short
Binance MONUSDT+0.0100%4h0.024780.000%$23.5M$27.4M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02478+0.018%$4.1M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02490+0.502%$102K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02477−0.022%$926K$1.0M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02475−0.103%$2.8M$763K75xas long as short
Bitget MONUSDT+0.0100%4h0.02479+0.058%$2.7M$2.2M25xas long as short
Variational Omni MON+0.0100%8h0.02482+0.184%$737K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02489+0.474%$41K$251K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02488+0.407%$560K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02490+0.502%$68K$528K50xas long as short
SoDEX MON-USD+0.0100%1h0.02473−0.184%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02478+0.026%$47K$288K10xas long as short
Aevo MON-PERP+0.0104%1h0.02474−0.127%$37K3xas long as short
Aftermath Perps MONUSD+0.0213%1h0.02484+0.273%$5K$81K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0230% / S −0.0246%1h0.02475−0.083%$6K50xas long as short
BloFin MON-USDT+0.0340%4h0.02477−0.022%$1.3M$347K75xas long as short
Perpl MON+0.0447%43m0.02476−0.067%$113K$2.2M10xas long as short
Coinbase International MON-PERP-INTX+0.0456%1h0.02530+2.117%$110K$54K50xas long as short
Kraken Futures PF_MONUSD+0.1027%1h0.02477−0.023%$266K$119K10xas long as short