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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.091%
Price spread now: Aster against Hyperliquid+0.168%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$950.955% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.163%−$16 on $10k
Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.168%, 7d avg −0.093%
Together, before fees−0.358%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$36 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 0.262% dearer against Hyperliquid than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.025160.0100pay 0.0013% / 1h58m 01s$34.0M$7.5M5x
ShortAster MONUSDT0.025200.0100get 0.0050% / 4h58m 01s$101K$222K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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
$0
Price spread: +0.168% → −0.093%
$26.19
Slippage, 4 orders
−$78.49
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$69.31
Costs to cover
0.955%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Aster: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago1.39 bp11.2 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 64 min ago13.80 bp32.5 bp −$33doesn't fitdoesn'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
Phoenix MON−0.0316%1h0.02518+0.083%$12K$355K5xas long as short
Deribit MON_USDC-PERPETUAL−0.0187%1h0.02517+0.024%$68K$126K25xas long as short
Injective MON/USDC PERP−0.0176%1h0.02528+0.477%$5K$1085.5xas long as short
Backpack MON_USDC_PERP−0.0149%1h0.02516−0.008%$111K$152K10xas long as short
Bybit MONUSDT−0.0132%8h0.02510−0.254%$20.7M$13.2M50xas long as short
01 Exchange MONUSD−0.0104%1h0.02520+0.163%$6K$1K5xas long as short
Perpl MON0.0000%43m0.02522+0.246%$105K$2.3M10xas long as short
Orderly PERP_MON_USDC+0.0083%4h0.02517+0.040%$16K$41K10xas long as short
Lighter MON+0.0096%1h0.02517+0.040%$839K$735K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02524+0.313%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02521+0.190%$411K$542K10xas long as short
Hyperliquid MONlong+0.0100%1h0.02516long leg$34.0M$7.5M5x
Aster MONUSDTshort+0.0100%4h0.02520+0.168%$101K$222K10x
dYdX MON-USD+0.0100%1h0.02523+0.264%$13K5xas long as short
Pacifica MON+0.0100%1h0.02524+0.322%$140K$92K3xas long as short
Binance MONUSDT+0.0100%4h0.02511−0.215%$23.9M$26.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02509−0.278%$4.2M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02515−0.040%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02519+0.119%$953K$963K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02520+0.159%$2.8M$746K75xas long as short
Bitget MONUSDT+0.0100%4h0.025160.000%$2.7M$2.1M25xas long as short
Variational Omni MON+0.0100%8h0.02515−0.020%$747K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02517+0.040%$41K$251K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02521+0.211%$564K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02518+0.079%$67K$504K50xas long as short
SoDEX MON-USD+0.0100%1h0.02515−0.040%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02518+0.088%$52K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02517+0.060%$38K3xas long as short
Aftermath Perps MONUSD+0.0245%1h0.02521+0.215%$2K$74K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02517+0.044%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02517+0.040%$1.3M$325K75xas long as short
Coinbase International MON-PERP-INTX+0.0408%1h0.02534+0.715%$112K$56K50xas long as short
Kraken Futures PF_MONUSD+0.0541%1h0.02520+0.151%$268K$113K10xas long as short