Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.228%

Price spread now: Aftermath Perps against OKX+0.400%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aftermath Perps is 0.400% dearer against OKX than usual: you sell high and buy low (spread +0.400% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MON-USDT-SWAP	0.02569	0.0100	pay 0.0050% / 4h	31m 54s	$4.3M	$5.9M	50x
Short	Aftermath Perps MONUSD	0.02579	0.0089	get 0.0011% / 1h	31m 54s	$2K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against OKX. 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 OKXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.400%Rate

Funding earned: −$2.21
Price spread: +0.400% → 0.000%: $39.99
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $18.77
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 OKX live order book, 1 min ago	3.88 bp	17.0 bp −$17	77.2 bp −$772	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0121%	1h	0.02576	+0.272%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0056%	1h	0.02575	+0.245%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0032%	8h	0.02569	0.000%	$21.3M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02578	+0.350%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02577	+0.296%	$126K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02574	+0.175%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0069%	4h	0.02574	+0.195%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSDshort	+0.0089%	1h	0.02579	+0.400%	$2K	$75K	10x
Paradex MON-USD-PERP	+0.0094%	8h	0.02573	+0.171%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02573	+0.156%	$854K	$793K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02574	+0.195%	$34.8M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02572	+0.104%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02575	+0.229%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02575	+0.245%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02570	+0.049%	$24.5M	$25.4M	75x	as long as short
OKX MON-USDT-SWAPlong	+0.0100%	4h	0.02569	long leg	$4.3M	$5.9M	50x
Bulk MON-USD	+0.0100%	1h	0.02585	+0.617%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02571	+0.078%	$979K	$909K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02572	+0.117%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02574	+0.179%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02576	+0.280%	$779K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02579	+0.384%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	+0.375%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02576	+0.272%	$69K	$481K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02578	+0.362%	$393K	$544K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02572	+0.117%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02575	+0.229%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02573	+0.160%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02576	+0.253%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0266%	4h	0.02577	+0.311%	$3.0M	$716K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02572	+0.117%	$1.4M	$308K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0420%	1h	0.02575	+0.217%	$270K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.553%	$115K	$50K	50x	as long as short