Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0034%/8h= −3.8% APRpaid last 24h −0.155%

Price spread now: KuCoin against Aftermath Perps+0.147%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 KuCoin

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. KuCoin is 0.147% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02581	0.0192	pay 0.0024% / 1h	27m 07s	$4K	$74K	10x
Short	KuCoin MONUSDTM	0.02585	0.0158	get 0.0079% / 4h	3h 27m	$3.0M	$720K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$7.21
Price spread: +0.147% → 0.000%: $14.72
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.49
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	1.94 bp	42.6 bp −$43	461.9 bp −$4,619	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	−0.0444%	1h	0.02576	−0.201%	$6K	$107	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02580	−0.062%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02582	+0.047%	$70K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02580	−0.046%	$17K	$64K	10x	as long as short
01 Exchange MONUSD	+0.0080%	1h	0.02582	+0.031%	$6K	$1K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02584	+0.108%	$861K	$754K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02579	−0.079%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02586	+0.182%	$394K	$532K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02585	+0.151%	$35.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02582	+0.048%	$107K	$231K	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	0.02581	−0.016%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02581	+0.008%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02582	+0.031%	$24.7M	$25.4M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02581	−0.023%	$21.5M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02581	−0.008%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.046%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02582	+0.031%	$978K	$907K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02583	+0.070%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02583	+0.078%	$128K	$140K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02575	−0.256%	$778K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02580	−0.033%	$44K	$246K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	−0.085%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02582	+0.031%	$69K	$486K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02581	−0.008%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02585	+0.137%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02581	−0.004%	$39K	—	3x	as long as short
KuCoin MONUSDTMshort	+0.0158%	4h	0.02585	+0.147%	$3.0M	$720K	75x
Aftermath Perps MONUSDlong	+0.0192%	1h	0.02581	long leg	$4K	$74K	10x
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02581	+0.008%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02581	−0.008%	$1.4M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02582	+0.023%	$180K	$2.0M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0462%	1h	0.02586	+0.171%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02584	+0.112%	$113K	$51K	50x	as long as short