Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC+0.0343%/8h= +37.5% APRpaid last 24h −0.025%

Price spread now: Perpl against Aevo−0.051%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Funding pays, the price is against you. Perpl is 0.051% cheaper against Aevo than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MON-PERP	0.02557	0.0104	pay 0.0013% / 1h	21m 08s	$39K	—	3x
Short	Perpl MON	0.02556	0.0447	get 0.0040% / 43m	26m 08s	$106K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Aevo. 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 AevobpFee PerplbpOrdersPrice spread, now −0.051%Rate

Funding earned: $71.93
Price spread: −0.051% → 0.000%: −$5.08
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $37.04
Costs to cover: 0.298%
Break-even: 3.4 days

Slippage unknown: Aevo: no order-book sample; Perpl: 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 Aevo no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

Aevo and Perpl: 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 32 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	−0.0388%	1h	0.02522	−1.369%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0071%	8h	0.02554	−0.113%	$21.0M	$12.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02556	−0.047%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02558	+0.039%	$69K	$125K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02558	+0.055%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0061%	4h	0.02558	+0.039%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02559	+0.078%	$853K	$742K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02555	−0.090%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02559	+0.084%	$411K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02559	+0.063%	$34.7M	$7.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02558	+0.057%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02559	+0.078%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02556	−0.039%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02556	−0.020%	$24.4M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02554	−0.117%	$4.3M	$5.9M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02557	0.000%	$958K	$904K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02559	+0.078%	$2.9M	$744K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02558	+0.039%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02558	+0.039%	$119K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02552	−0.212%	$759K	$419K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02552	−0.187%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02555	−0.078%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02554	−0.117%	$68K	$495K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02557	0.000%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−0.274%	$106K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02559	+0.068%	$51K	$517K	10x	as long as short
Aevo MON-PERPlong	+0.0104%	1h	0.02557	long leg	$39K	—	3x
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0429%	1h	0.02557	−0.020%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0324%	1h	0.02550	−0.289%	$2K	$79K	10x	as long as short
Perpl MONshort	+0.0447%	43m	0.02556	−0.051%	$106K	$2.3M	10x
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02559	+0.098%	$112K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0836%	1h	0.02560	+0.115%	$278K	$88K	10x	as long as short