Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0644%/8h= −70.5% APRpaid last 24h −0.222%

Price spread now: Aster against Coinbase International−2.296%7-day average −0.477% · 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−$526as in the Price arb table

costs, in and out, $10k−$3443.439% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.814%−$81 on $10k

Price spread, last 3 days (all we have)+1.785%+$179 · spread now −2.296%, 7d avg −0.477%

Together, before fees+0.971%+ Points / potential airdropAster: Stage 5 · farm board+$97 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Aster is 1.820% cheaper against Coinbase International than usual: you would sell low and buy high (−$182 if the spread goes back to its 7-day average of −0.477%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02608	0.0744	pay 0.0093% / 1h	56m 54s	$114K	$52K	50x
Short	Aster MONUSDT	0.02548	0.0100	get 0.0050% / 4h	2h 56m	$106K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −2.296%Rate

Funding earned: −$135.24
Price spread: −2.296% → −0.477%: −$181.96
Slippage, 4 orders: −$325.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$661.09
Costs to cover: 3.439%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 11 min ago; Aster: live order book, 10 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 Coinbase International live order book, 11 min ago	29.90 bp	117.6 bp −$118	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 10 min ago	13.54 bp	28.3 bp −$28	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	−0.0388%	1h	0.02570	−1.465%	$6K	$105	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0025%	1h	0.02548	−2.323%	$69K	$119K	25x	as long as short
01 Exchange MONUSD	−0.0024%	1h	0.02548	−2.293%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02549	−2.262%	$13K	$349K	5x	as long as short
Orderly PERP_MON_USDC	+0.0060%	4h	0.02545	−2.423%	$17K	$55K	10x	as long as short
Bybit MONUSDT	+0.0075%	8h	0.02543	−2.500%	$21.2M	$12.3M	50x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02549	−2.286%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02550	−2.231%	$849K	$739K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02557	−1.963%	$402K	$535K	10x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02548	−2.296%	$106K	$227K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02548	−2.307%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02549	−2.270%	$141K	$103K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02545	−2.424%	$24.4M	$25.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02544	−2.461%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02545	−2.406%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02544	−2.461%	$955K	$883K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02546	−2.385%	$2.9M	$729K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02546	−2.385%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02546	−2.377%	$120K	$160K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02562	−1.789%	$771K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02561	−1.797%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02564	−1.708%	$576K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02564	−1.695%	$68K	$488K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02546	−2.385%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02549	−2.254%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02543	−2.484%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02548	−2.300%	$8K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0316%	1h	0.02567	−1.574%	$4K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02548	−2.308%	$1.4M	$313K	75x	as long as short
Hyperliquid MON	+0.0381%	1h	0.02548	−2.320%	$34.7M	$7.5M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02554	−2.082%	$115K	$2.1M	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0744%	1h	0.02608	long leg	$114K	$52K	50x
Kraken Futures PF_MONUSD	+0.0839%	1h	0.02550	−2.225%	$278K	$88K	10x	as long as short