Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Aster+0.138%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1331.330% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.138%, 7d avg −0.032%

Together, before fees−0.177%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.170% dearer against Aster than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02520	0.0100	pay 0.0050% / 4h	3h 55m	$101K	$222K	10x
Short	Binance MONUSDT	0.02524	0.0100	get 0.0050% / 4h	3h 55m	$24.0M	$26.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → −0.032%: $16.99
Slippage, 4 orders: −$115
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$116
Costs to cover: 1.330%
Break-even: never at this rate

Slippage from Aster: live order book, 61 min ago; Binance: live order book, 15 min ago.

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	15.85 bp	67.9 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.99 bp	12.4 bp −$12	62.4 bp −$624	273.3 bp −$27.3K	doesn't fit

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	−0.535%	$5K	$109	5.5x	as long as short
Bybit MONUSDT	−0.0087%	8h	0.02525	+0.179%	$20.8M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02520	−0.019%	$12K	$358K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02523	+0.116%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0072%	4h	0.02523	+0.100%	$16K	$34K	10x	as long as short
Paradex MON-USD-PERP	+0.0096%	8h	0.02523	+0.093%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02529	+0.338%	$848K	$732K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02521	+0.033%	$426K	$579K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02523	+0.100%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02520	long leg	$101K	$222K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02526	+0.232%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02524	+0.144%	$139K	$93K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02524	+0.138%	$24.0M	$26.9M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02526	+0.219%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	−0.416%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02521	+0.021%	$946K	$977K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02521	+0.021%	$2.9M	$757K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02523	+0.100%	$2.7M	$2.2M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02524	+0.124%	$114K	$151K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	+0.023%	$745K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02518	−0.082%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02521	+0.018%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02520	−0.019%	$68K	$513K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02523	+0.100%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02519	−0.046%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02521	+0.024%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0152%	1h	0.02519	−0.063%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02521	+0.028%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0279%	1h	0.02519	−0.070%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02522	+0.060%	$1.3M	$340K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02524	+0.140%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02520	−0.015%	$114K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0722%	1h	0.02527	+0.270%	$271K	$113K	10x	as long as short