Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h −0.153%

Price spread now: BloFin against Aftermath Perps−0.294%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.294% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.294% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 7.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02484	0.0213	pay 0.0027% / 1h	32m 59s	$5K	$81K	10x
Short	BloFin MON-USDT	0.02477	0.0340	get 0.0170% / 4h	2h 32m	$1.3M	$347K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aftermath Perps. 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 Aftermath PerpsbpFee BloFinbpOrdersPrice spread, now −0.294%Rate

Funding earned: $26.7
Price spread: −0.294% → 0.000%: −$29.43
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.72
Costs to cover: 0.210%
Break-even: 13.2 days

Slippage unknown: Aftermath Perps: no order-book sample; BloFin: live order book, 4 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	8.05 bp	15.2 bp −$15	42.0 bp −$420	158.7 bp −$15.9K	doesn't fit

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
Backpack MON_USDC_PERP	−0.0126%	1h	0.02478	−0.250%	$115K	$156K	10x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0073%	1h	0.02475	−0.355%	$73K	$136K	25x	as long as short
Bybit MONUSDT	−0.0004%	8h	0.02474	−0.415%	$20.3M	$13.6M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02484	−0.025%	$12K	$355K	5x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02473	−0.467%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	+0.189%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02475	−0.375%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02474	−0.415%	$819K	$752K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02474	−0.421%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02476	−0.343%	$403K	$579K	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	0.02478	−0.238%	$33.2M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02476	−0.324%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02472	−0.491%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02475	−0.375%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02475	−0.360%	$23.5M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02477	−0.294%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02490	+0.229%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02477	−0.294%	$926K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02475	−0.375%	$2.8M	$763K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02478	−0.254%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02482	−0.088%	$737K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02489	+0.201%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02488	+0.134%	$560K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02490	+0.229%	$68K	$528K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02473	−0.455%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02478	−0.246%	$47K	$288K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02474	−0.399%	$37K	—	3x	as long as short
Aftermath Perps MONUSDlong	+0.0213%	1h	0.02484	long leg	$5K	$81K	10x
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02475	−0.355%	$6K	—	50x	as long as short
BloFin MON-USDTshort	+0.0340%	4h	0.02477	−0.294%	$1.3M	$347K	75x
Perpl MON	+0.0447%	43m	0.02476	−0.339%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.839%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1027%	1h	0.02477	−0.295%	$266K	$119K	10x	as long as short