Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.246%

Price spread now: OKX against Aftermath Perps−0.541%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 OKX

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. OKX is 0.541% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.541% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 5 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02591	0.0087	pay 0.0011% / 1h	5m 24s	$2K	$73K	10x
Short	OKX MON-USDT-SWAP	0.02577	0.0100	get 0.0050% / 4h	2h 05m	$4.4M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.541%Rate

Funding earned: $2.77
Price spread: −0.541% → 0.000%: −$54.1
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$70.33
Costs to cover: 0.190%
Break-even: 184.7 days

Slippage unknown: Aftermath Perps: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	3.87 bp	19.2 bp −$19	90.0 bp −$900	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	−0.0739%	1h	0.02599	+0.308%	$6K	$110	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0370%	1h	0.02581	−0.402%	$66K	$114K	25x	as long as short
01 Exchange MONUSD	−0.0320%	1h	0.02573	−0.695%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0025%	8h	0.02575	−0.610%	$21.5M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02591	−0.008%	$13K	$384K	5x	as long as short
BloFin MON-USDT	+0.0068%	4h	0.02587	−0.155%	$1.4M	$245K	75x	as long as short
Paradex MON-USD-PERP	+0.0071%	8h	0.02579	−0.450%	$8K	$42	5x	as long as short
Orderly PERP_MON_USDC	+0.0077%	4h	0.02577	−0.541%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSDlong	+0.0087%	1h	0.02591	long leg	$2K	$73K	10x
Lighter MON	+0.0096%	1h	0.02581	−0.387%	$847K	$758K	10x	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	0.02583	−0.325%	$388K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02582	−0.363%	$34.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02585	−0.232%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02583	−0.294%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02581	−0.387%	$142K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02579	−0.464%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAPshort	+0.0100%	4h	0.02577	−0.541%	$4.4M	$6.0M	50x
Bulk MON-USD	+0.0100%	1h	0.02600	+0.347%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02581	−0.387%	$1.0M	$935K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02582	−0.348%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02579	−0.449%	$778K	$412K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02589	−0.088%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02592	+0.050%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02589	−0.078%	$69K	$479K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02581	−0.387%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02582	−0.336%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02578	−0.502%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02586	−0.204%	$267K	$67K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02581	−0.371%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0277%	1h	0.02583	−0.329%	$138K	$137K	10x	as long as short
KuCoin MONUSDTM	+0.0334%	4h	0.02588	−0.116%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02580	−0.425%	$144K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.605%	$114K	$50K	50x	as long as short