Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against edgeX+0.301%90s7-day average +0.051% · 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—prices read too far apart to compare

costs, in and out, $10k−$1101.103% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.698%−$70 · spread now +0.301%, 7d avg +0.051%

Together, before fees−0.698%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$70 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: Aster is 0.250% dearer against edgeX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.051%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MONUSDC	0.02517	0.0100	pay 0.0050% / 4h	55m 56s	$41K	$251K	10x
Short	Aster MONUSDT	0.02525	0.0100	get 0.0050% / 4h	55m 56s	$101K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.301%Rate

Funding earned: $0
Price spread: +0.301% → +0.051%: $24.95
Slippage, 4 orders: −$93.27
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$85.32
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Aster: live order book, 66 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 edgeX live order book, 1 min ago	7.95 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 66 min ago	13.80 bp	32.5 bp −$33	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
Phoenix MON	−0.0316%	1h	0.02518	+0.043%	$12K	$355K	5x	as long as short
Backpack MON_USDC_PERP	−0.0261%	1h	0.02526	+0.365%	$111K	$151K	10x	as long as short
01 Exchange MONUSD	−0.0200%	1h	0.02522	+0.198%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02528	+0.437%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0131%	8h	0.02521	+0.159%	$20.7M	$13.2M	50x	as long as short
Perpl MON	0.0000%	43m	0.02525	+0.298%	$108K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02525	+0.302%	$68K	$126K	25x	as long as short
Orderly PERP_MON_USDC	+0.0082%	4h	0.02523	+0.238%	$16K	$41K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02525	+0.318%	$841K	$735K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02522	+0.195%	$8K	$42	5x	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	0.02526	+0.345%	$413K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02526	+0.369%	$34.2M	$7.5M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02525	+0.301%	$101K	$222K	10x
dYdX MON-USD	+0.0100%	1h	0.02524	+0.261%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02521	+0.147%	$140K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02523	+0.254%	$24.0M	$26.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02522	+0.198%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02515	−0.080%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02525	+0.318%	$956K	$968K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02525	+0.318%	$2.8M	$746K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02525	+0.318%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	+0.162%	$748K	$405K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02517	long leg	$41K	$251K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02524	+0.271%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02518	+0.039%	$67K	$504K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02523	+0.238%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02525	+0.315%	$52K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02524	+0.258%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0257%	1h	0.02520	+0.136%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02524	+0.270%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02510	−0.278%	$1.3M	$325K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02534	+0.675%	$112K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0539%	1h	0.02527	+0.391%	$269K	$113K	10x	as long as short