Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.014%

Price spread now: Deribit against Aster+0.025%7-day average +0.009% · 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−$90as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.509%+$51 · spread now +0.025%, 7d avg +0.009%

Together, before fees+0.571%+ Points / potential airdropAster: Stage 5 · farm board+$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 6 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02560	0.0100	pay 0.0050% / 4h	3h 03m	$101K	$202K	10x
Short	Deribit MON_USDC-PERPETUAL	0.02561	0	get 0.0000% / 1h	3m 41s	$73K	$135K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$21
Price spread: +0.025% → +0.009%: $1.57
Slippage, 4 orders: −$76.17
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$110.6
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from Aster: live order book, 28 min ago; Deribit: live order book, 5 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, 28 min ago	14.01 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	9.04 bp	12.5 bp −$13	doesn't fit	doesn't fit	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
Backpack MON_USDC_PERP	−0.0143%	1h	0.02559	−0.030%	$114K	$149K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−2.151%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02553	−0.268%	$14K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUALshort	0.0000%	1h	0.02561	+0.025%	$73K	$135K	25x
Lighter MON	+0.0096%	1h	0.02561	+0.036%	$834K	$781K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02558	−0.094%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02561	+0.052%	$34.6M	$6.5M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02560	long leg	$101K	$202K	10x
dYdX MON-USD	+0.0100%	1h	0.02560	−0.011%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02560	−0.007%	$142K	$89K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02559	−0.042%	$24.6M	$26.9M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02557	−0.120%	$21.3M	$13.5M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02558	−0.081%	$4.3M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02560	−0.003%	$980K	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02563	+0.114%	$2.9M	$756K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02561	+0.036%	$2.8M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02559	−0.039%	$760K	$376K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02550	−0.374%	$42K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02552	−0.319%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02553	−0.276%	$69K	$546K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02562	+0.092%	$394K	$577K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02560	−0.003%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02559	−0.042%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02542	−0.715%	$104K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02562	+0.066%	$61K	$329K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02560	−0.007%	$39K	—	3x	as long as short
01 Exchange MONUSD	+0.0176%	1h	0.02562	+0.087%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02560	+0.001%	$7K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02558	−0.081%	$1.4M	$404K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02562	+0.060%	$119K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0583%	1h	0.02553	−0.271%	$4K	$98K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02575	+0.587%	$114K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0781%	1h	0.02564	+0.136%	$275K	$118K	10x	as long as short