Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Aster−0.376%49s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.376% cheaper against Aster than usual: you would sell low and buy high, −$38 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02600	0.0100	pay 0.0050% / 4h	3h 10m	$108K	$231K	10x
Short	Aevo MON-PERP	0.02591	0.0104	get 0.0013% / 1h	10m 34s	$39K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.376%Rate

Funding earned: $0.84
Price spread: −0.376% → 0.000%: −$37.57
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$60.73
Costs to cover: 0.240%
Break-even: 513.1 days

Slippage unknown: Aster: live order book, 61 min ago; Aevo: 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 Aster live order book, 61 min ago	15.66 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	0.02570	−1.168%	$6K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02601	+0.028%	$14K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02594	−0.249%	$70K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02602	+0.047%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0063%	4h	0.02592	−0.322%	$17K	$59K	10x	as long as short
Bybit MONUSDT	+0.0076%	8h	0.02598	−0.095%	$21.6M	$12.2M	50x	as long as short
Paradex MON-USD-PERP	+0.0092%	8h	0.02599	−0.061%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02603	+0.101%	$867K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02608	+0.293%	$402K	$523K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02605	+0.197%	$35.5M	$7.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDTlong	+0.0100%	4h	0.02600	long leg	$108K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02601	+0.007%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02601	+0.036%	$144K	$103K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02600	−0.025%	$24.9M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02597	−0.130%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02560	−1.536%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02599	−0.053%	$980K	$929K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02600	−0.014%	$3.0M	$728K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02601	+0.024%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02595	−0.210%	$129K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02593	−0.300%	$780K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02582	−0.714%	$44K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02600	−0.013%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02584	−0.629%	$69K	$488K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02593	−0.283%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02607	+0.252%	$50K	$517K	10x	as long as short
Aevo MON-PERPshort	+0.0104%	1h	0.02591	−0.376%	$39K	—	3x
Aftermath Perps MONUSD	+0.0194%	1h	0.02588	−0.490%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02595	−0.199%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02594	−0.245%	$1.4M	$309K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02602	+0.070%	$120K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0460%	1h	0.02597	−0.131%	$273K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02604	+0.159%	$114K	$52K	50x	as long as short