Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Extended+0.005%7-day average −0.082% · 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−$129as in the Price arb table

costs, in and out, $10k−$1381.377% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.005%, 7d avg −0.082%

Together, before fees−0.132%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$13 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 0.088% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02559	0.0104	pay 0.0013% / 1h	1m 43s	$51K	$407K	10x
Short	Aster MONUSDT	0.02559	0.0100	get 0.0050% / 4h	1h 01m	$108K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$0.84
Price spread: +0.005% → −0.082%: $8.75
Slippage, 4 orders: −$124.75
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$129.84
Costs to cover: 1.377%
Break-even: never at this rate

Slippage from Extended: live order book, 16 min ago; Aster: live order book, 15 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 Extended live order book, 16 min ago	5.83 bp	27.7 bp −$28	216.9 bp −$2,169	doesn't fit	doesn't fit
Sell Aster live order book, 15 min ago	15.52 bp	34.4 bp −$34	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
Bybit MONUSDT	−0.0068%	8h	0.02554	−0.182%	$21.1M	$11.9M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.643%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02561	+0.115%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02560	+0.041%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02559	+0.002%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0036%	1h	0.02562	+0.142%	$2K	$74K	10x	as long as short
01 Exchange MONUSD	+0.0048%	1h	0.02559	+0.014%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02558	−0.021%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0089%	8h	0.02555	−0.120%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02558	−0.021%	$854K	$784K	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	0.02560	+0.051%	$389K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02559	+0.010%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02559	+0.005%	$108K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02560	+0.044%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02558	−0.021%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02558	−0.021%	$24.4M	$24.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02555	−0.139%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.392%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02557	−0.060%	$989K	$879K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02558	−0.021%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02557	−0.064%	$127K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.211%	$770K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02557	−0.041%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02559	+0.018%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02553	−0.217%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02558	−0.021%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02559	long leg	$51K	$407K	10x
Aevo MON-PERP	+0.0104%	1h	0.02557	−0.060%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02562	+0.152%	$269K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02558	−0.017%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0260%	4h	0.02560	+0.057%	$3.0M	$706K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02563	+0.174%	$1.4M	$306K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02565	+0.244%	$113K	$50K	50x	as long as short