Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.040%

Price spread now: Aster against 01 Exchange−0.148%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.148% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 4.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MONUSD	0.02537	0	get 0.0000% / 1h	22m 35s	$6K	$1K	5x
Short	Aster MONUSDT	0.02533	0.0100	get 0.0050% / 4h	1h 22m	$101K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now −0.148%Rate

Funding earned: $21
Price spread: −0.148% → 0.000%: −$14.84
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.84
Costs to cover: 0.150%
Break-even: 9.9 days

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 39 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 39 min ago	13.80 bp	32.5 bp −$33	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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
Phoenix MON	−0.0316%	1h	0.02527	−0.406%	$12K	$367K	5x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02535	−0.087%	$6K	$111	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0249%	1h	0.02531	−0.240%	$114K	$150K	10x	as long as short
Bybit MONUSDT	−0.0154%	8h	0.02533	−0.166%	$20.8M	$13.0M	50x	as long as short
01 Exchange MONUSDlong	0.0000%	1h	0.02537	long leg	$6K	$1K	5x
Perpl MON	0.0000%	43m	0.02529	−0.331%	$105K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02531	−0.229%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0085%	4h	0.02531	−0.244%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02535	−0.087%	$845K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02536	−0.060%	$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	0.02531	−0.255%	$413K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02535	−0.079%	$34.3M	$7.5M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02533	−0.148%	$101K	$222K	10x
dYdX MON-USD	+0.0100%	1h	0.02532	−0.195%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02536	−0.051%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02535	−0.080%	$24.2M	$26.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02535	−0.087%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.677%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02536	−0.047%	$964K	$947K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02535	−0.087%	$2.9M	$743K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02538	+0.032%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02518	−0.738%	$748K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02523	−0.569%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02527	−0.402%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02526	−0.441%	$68K	$501K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02530	−0.284%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02538	+0.022%	$50K	$516K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02530	−0.280%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0238%	1h	0.02530	−0.276%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02531	−0.233%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02530	−0.284%	$1.3M	$321K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0491%	1h	0.02535	−0.099%	$271K	$110K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02513	−0.966%	$110K	$55K	50x	as long as short