Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.189%

Price spread now: Gate against Aftermath Perps+0.131%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Gate

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. Gate is 0.131% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02519	0.0279	pay 0.0035% / 1h	56m 04s	$2K	$74K	10x
Short	Gate MON_USDT	0.02522	0.0100	get 0.0050% / 4h	3h 56m	$947K	$977K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.131%Rate

Funding earned: −$37.58
Price spread: +0.131% → 0.000%: $13.07
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.51
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 61 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 Gate live order book, 61 min ago	7.92 bp	25.5 bp −$26	297.0 bp −$2,970	doesn't fit	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
Injective MON/USDC PERP	−0.0203%	1h	0.02507	−0.465%	$5K	$109	5.5x	as long as short
Bybit MONUSDT	−0.0090%	8h	0.02520	+0.059%	$20.8M	$13.3M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02520	+0.051%	$12K	$358K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02523	+0.186%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0072%	4h	0.02523	+0.170%	$16K	$34K	10x	as long as short
Paradex MON-USD-PERP	+0.0096%	8h	0.02517	−0.059%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02526	+0.290%	$847K	$732K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02521	+0.103%	$426K	$579K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02522	+0.135%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02523	+0.182%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02520	+0.042%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02519	+0.024%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02520	+0.060%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02518	−0.028%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	−0.346%	$103K	$5K	10x	as long as short
Gate MON_USDTshort	+0.0100%	4h	0.02522	+0.131%	$947K	$977K	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02521	+0.091%	$2.9M	$757K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02523	+0.170%	$2.7M	$2.2M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02524	+0.194%	$114K	$151K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	+0.093%	$745K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02518	−0.012%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02521	+0.088%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02520	+0.051%	$68K	$513K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02523	+0.170%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02523	+0.187%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02521	+0.095%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0152%	1h	0.02519	+0.008%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02521	+0.099%	$9K	—	50x	as long as short
Aftermath Perps MONUSDlong	+0.0279%	1h	0.02519	long leg	$2K	$74K	10x
BloFin MON-USDT	+0.0340%	4h	0.02522	+0.131%	$1.3M	$340K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02524	+0.210%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02520	+0.055%	$114K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0722%	1h	0.02527	+0.340%	$271K	$113K	10x	as long as short