Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Aster−0.049%7-day average −0.005% · 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−$132as in the Price arb table

costs, in and out, $10k−$1281.276% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.049%, 7d avg −0.005%

Together, before fees+0.069%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$7 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: Pacifica is 0.043% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02599	0.0100	pay 0.0050% / 4h	2h 18m	$108K	$233K	10x
Short	Pacifica MON	0.02598	0.0100	get 0.0013% / 1h	18m 07s	$143K	$106K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.005%: −$4.34
Slippage, 4 orders: −$111.64
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$131.98
Costs to cover: 1.276%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Pacifica: live order book, 4 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, 3 min ago	17.30 bp	50.5 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	1.92 bp	24.8 bp −$25	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	−0.0739%	1h	0.02596	−0.126%	$6K	$109	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0250%	1h	0.02599	−0.014%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0224%	1h	0.02596	−0.118%	$6K	$1K	5x	as long as short
Bybit MONUSDT	0.0000%	8h	0.02594	−0.199%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02600	+0.043%	$14K	$384K	5x	as long as short
BloFin MON-USDT	+0.0077%	4h	0.02598	−0.049%	$1.4M	$245K	75x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02598	−0.049%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0096%	8h	0.02597	−0.103%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02600	+0.028%	$854K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02602	+0.105%	$375K	$528K	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	0.02601	+0.055%	$35.0M	$7.5M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02599	long leg	$108K	$233K	10x
dYdX MON-USD	+0.0100%	1h	0.02599	+0.006%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02598	−0.049%	$143K	$106K	3x
Binance MONUSDT	+0.0100%	4h	0.02596	−0.126%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02593	−0.241%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02602	+0.105%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02599	−0.010%	$1.0M	$934K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02599	−0.010%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02598	−0.054%	$783K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02601	+0.052%	$48K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02598	−0.030%	$585K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02602	+0.105%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02597	−0.087%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02602	+0.086%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02597	−0.091%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02601	+0.073%	$268K	$67K	10x	as long as short
Aftermath Perps MONUSD	+0.0172%	1h	0.02599	−0.030%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02600	+0.009%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0305%	1h	0.02598	−0.037%	$138K	$136K	10x	as long as short
KuCoin MONUSDTM	+0.0384%	4h	0.02602	+0.105%	$3.2M	$746K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02598	−0.049%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.313%	$115K	$50K	50x	as long as short