Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.195%

Price spread now: Kraken Futures against Aster+0.085%7-day average +0.067% · 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−$146as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.720%+$72 on $10k

Price spread, last 3 days (all we have)+0.269%+$27 · spread now +0.085%, 7d avg +0.067%

Together, before fees+0.989%+ Points / potential airdropAster: Stage 5 · farm board+$99 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.067%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02571	0.0100	pay 0.0050% / 4h	31m 07s	$108K	$231K	10x
Short	Kraken Futures PF_MONUSD	0.02573	0.0420	get 0.0052% / 1h	31m 07s	$270K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.085%Rate

Funding earned: $67.17
Price spread: +0.085% → +0.067%: $1.8
Slippage, 4 orders: −$129.64
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$78.67
Costs to cover: 1.476%
Break-even: 15.2 days

Slippage from Aster: live order book, 45 min ago; Kraken Futures: live order book, 46 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, 45 min ago	15.52 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 46 min ago	21.33 bp	32.7 bp −$33	571.4 bp −$5,714	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	0.02576	+0.184%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0064%	1h	0.02570	−0.053%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0032%	8h	0.02569	−0.076%	$21.3M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.192%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02571	+0.009%	$126K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02571	−0.026%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0069%	4h	0.02569	−0.088%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0085%	1h	0.02578	+0.259%	$2K	$75K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02569	−0.075%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02572	+0.029%	$854K	$793K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02574	+0.114%	$392K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02574	+0.114%	$34.8M	$7.6M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02571	long leg	$108K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02575	+0.141%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02571	−0.010%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02570	−0.049%	$24.5M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02568	−0.127%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	+0.529%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02571	−0.010%	$979K	$909K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02573	+0.067%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02571	−0.010%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02568	−0.119%	$778K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	+0.105%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	+0.223%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02575	+0.145%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02571	−0.010%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02574	+0.101%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02571	−0.026%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0258%	4h	0.02572	+0.029%	$3.0M	$716K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02571	−0.022%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02570	−0.049%	$1.4M	$308K	75x	as long as short
Kraken Futures PF_MONUSDshort	+0.0420%	1h	0.02573	+0.085%	$270K	$78K	10x
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.464%	$115K	$50K	50x	as long as short