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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Aster−0.686%7-day average −0.133% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.028%−$3 on $10k
Price spread, last 4 days (all we have)+0.853%+$85 · spread now −0.686%, 7d avg −0.133%
Together, before fees+0.825%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$83 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.553% cheaper against Aster than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of −0.133%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MONUSDT0.025060.0100pay 0.0050% / 4h32m 30s$101K$222K10x
ShortVariational Omni MON0.024890.0074get 0.0074% / 8h4h 32m$737K$407K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$5.47
Price spread: −0.686% → −0.133%
−$55.32
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$68.79
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 24 min ago; Variational Omni: RFQ quote, 27 min ago. Net counts fees only.

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, 24 min ago15.85 bp67.9 bp −$68doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 27 min ago13.92 bpdoesn't fit117.3 bp −$1,173doesn'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
01 Exchange MONUSD−0.0376%1h0.02507+0.041%$6K$1K5xas long as short
Backpack MON_USDC_PERP−0.0282%1h0.02506−0.002%$113K$152K10xas long as short
Injective MON/USDC PERP−0.0176%1h0.02498−0.310%$5K$1125.5xas long as short
Bybit MONUSDT−0.0164%8h0.02504−0.054%$20.6M$13.3M50xas long as short
Phoenix MON0.0000%1h0.02501−0.206%$12K$359K5xas long as short
Perpl MON0.0000%43m0.02509+0.137%$107K$2.3M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02505−0.046%$74K$136K25xas long as short
Orderly PERP_MON_USDC+0.0071%4h0.02503−0.110%$16K$41K10xas long as short
Variational Omni MONshort+0.0074%8h0.02489−0.686%$737K$407K
Paradex MON-USD-PERP+0.0090%8h0.02506+0.016%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MON+0.0096%1h0.02508+0.089%$844K$749K10xas long as short
Hyperliquid MON+0.0100%1h0.02509+0.121%$33.9M$7.5M5xas long as short
Aster MONUSDTlong+0.0100%4h0.02506long leg$101K$222K10x
dYdX MON-USD+0.0100%1h0.02505−0.029%$13K5xas long as short
Pacifica MON+0.0100%1h0.02506+0.025%$138K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02506+0.006%$23.8M$26.8M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02505−0.030%$4.2M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02495−0.439%$102K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02505−0.030%$950K$984K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02505−0.030%$2.8M$752K75xas long as short
Bitget MONUSDT+0.0100%4h0.02509+0.129%$2.7M$2.2M25xas long as short
edgeX MONUSDC+0.0100%4h0.02496−0.382%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02499−0.257%$560K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02498−0.310%$67K$508K50xas long as short
Nado MON-PERP+0.0100%1h0.02509+0.142%$429K$573K10xas long as short
SoDEX MON-USD+0.0100%1h0.02504−0.070%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02509+0.116%$48K$521K10xas long as short
Aevo MON-PERP+0.0104%1h0.02503−0.122%$38K3xas long as short
Aftermath Perps MONUSD+0.0253%1h0.02500−0.243%$2K$74K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02503−0.102%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02501−0.190%$1.3M$337K75xas long as short
Coinbase International MON-PERP-INTX+0.0408%1h0.02514+0.309%$110K$57K50xas long as short
Kraken Futures PF_MONUSD+0.0543%1h0.02507+0.057%$269K$114K10xas long as short