Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.209%

Price spread now: Aster against Kraken Futures−0.066%54s7-day average −0.067% · 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—prices read too far apart to compare

costs, in and out, $10k−$1411.407% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.712%−$71 on $10k

Price spread, last 3 days (all we have)−0.446%−$45 · spread now −0.066%, 7d avg −0.067%

Together, before fees−1.159%+ Points / potential airdropAster: Stage 5 · farm board−$116 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 54 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	Kraken Futures PF_MONUSD	0.02579	0.0132	pay 0.0017% / 1h	52m 26s	$258K	$59K	10x
Short	Aster MONUSDT	0.02577	0.0100	get 0.0050% / 4h	2h 52m	$107K	$233K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$6.74
Price spread: −0.066% → −0.067%: $0.1
Slippage, 4 orders: −$122.68
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$147.32
Costs to cover: 1.407%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 35 min ago; Aster: live order book, 34 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 Kraken Futures live order book, 35 min ago	13.57 bp	42.6 bp −$43	7970.5 bp −$79.7K	doesn't fit	doesn't fit
Sell Aster live order book, 34 min ago	15.51 bp	35.8 bp −$36	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	−0.0739%	1h	0.02587	+0.325%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0112%	1h	0.02574	−0.171%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02574	−0.194%	$13K	$384K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02579	+0.011%	$62K	$104K	25x	as long as short
Bybit MONUSDT	+0.0002%	8h	0.02574	−0.171%	$21.5M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02577	−0.063%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02576	−0.101%	$844K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02575	−0.149%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02579	+0.024%	$348K	$535K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02578	−0.035%	$34.7M	$7.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDTshort	+0.0100%	4h	0.02577	−0.066%	$107K	$233K	10x
dYdX MON-USD	+0.0100%	1h	0.02577	−0.061%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02577	−0.063%	$142K	$108K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02576	−0.101%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02574	−0.179%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02610	+1.217%	$110K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02576	−0.101%	$999K	$926K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02576	−0.101%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02579	+0.034%	$775K	$403K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02586	+0.276%	$48K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02587	+0.343%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02587	+0.325%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02576	−0.101%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02578	−0.043%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02573	−0.229%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDlong	+0.0132%	1h	0.02579	long leg	$258K	$59K	10x
BloFin MON-USDT	+0.0132%	4h	0.02575	−0.140%	$1.4M	$241K	75x	as long as short
Backpack MON_USDC_PERP	+0.0161%	1h	0.02578	−0.039%	$136K	$138K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0313% / S −0.1052%	1h	0.02577	−0.043%	$13K	—	50x	as long as short
KuCoin MONUSDTM	+0.0362%	4h	0.02581	+0.093%	$3.1M	$790K	75x	as long as short
Aftermath Perps MONUSD	+0.0411%	1h	0.02587	+0.341%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02577	−0.063%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+1.811%	$115K	$51K	50x	as long as short