Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.122%

Price spread now: Hyperliquid against Aster+0.168%7-day average +0.095% · you sell dearer than you buy

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

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.162%+$16 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.168%, 7d avg +0.095%

Together, before fees+0.121%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$12 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: Hyperliquid is 0.073% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02584	0.0100	pay 0.0050% / 4h	2h 47m	$108K	$233K	10x
Short	Hyperliquid MON	0.02589	0.0100	get 0.0013% / 1h	47m 22s	$34.9M	$7.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.168%Rate

Funding earned: $0
Price spread: +0.168% → +0.095%: $7.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$9.7
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 39 min ago; Hyperliquid: live order book, 6 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 Aster live order book, 39 min ago	15.51 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.58 bp	16.3 bp −$16	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
Injective MON/USDC PERP	−0.0739%	1h	0.02587	+0.102%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0112%	1h	0.02587	+0.098%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02579	−0.188%	$13K	$384K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02587	+0.121%	$63K	$110K	25x	as long as short
Bybit MONUSDT	+0.0010%	8h	0.02585	+0.009%	$21.6M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02585	+0.025%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02586	+0.063%	$847K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02585	+0.028%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02589	+0.173%	$349K	$534K	10x	as long as short
Hyperliquid MONshort	+0.0100%	1h	0.02589	+0.168%	$34.9M	$7.5M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDTlong	+0.0100%	4h	0.02584	long leg	$108K	$233K	10x
dYdX MON-USD	+0.0100%	1h	0.02585	+0.025%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02584	−0.002%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02586	+0.063%	$24.6M	$24.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02583	−0.053%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02575	−0.362%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02585	+0.025%	$1.0M	$927K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02588	+0.141%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02573	−0.459%	$773K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02578	−0.249%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02581	−0.129%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	−0.246%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02585	+0.025%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02589	+0.164%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02585	+0.044%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02587	+0.107%	$263K	$63K	10x	as long as short
BloFin MON-USDT	+0.0155%	4h	0.02587	+0.102%	$1.4M	$243K	75x	as long as short
Backpack MON_USDC_PERP	+0.0243%	1h	0.02584	−0.010%	$137K	$137K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02587	+0.114%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0354%	4h	0.02591	+0.257%	$3.2M	$789K	75x	as long as short
Aftermath Perps MONUSD	+0.0399%	1h	0.02584	−0.031%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02586	+0.079%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+1.584%	$115K	$51K	50x	as long as short