Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0743%/8h= +81.4% APRpaid last 24h +0.184%

Price spread now: Kraken Futures against Aster+0.133%7-day average +0.071% · 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−$135as in the Price arb table

costs, in and out, $10k−$1421.416% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.726%+$73 on $10k

Price spread, last 3 days (all we have)+0.130%+$13 · spread now +0.133%, 7d avg +0.071%

Together, before fees+0.856%+ Points / potential airdropAster: Stage 5 · farm board+$86 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Kraken Futures is 0.061% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02533	0.0100	pay 0.0050% / 4h	2h 46m	$101K	$229K	10x
Short	Kraken Futures PF_MONUSD	0.02536	0.0843	get 0.0105% / 1h	46m 04s	$276K	$88K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.133%Rate

Funding earned: $156.1
Price spread: +0.133% → +0.071%: $6.13
Slippage, 4 orders: −$123.6
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $20.63
Costs to cover: 1.416%
Break-even: 6.1 days

Slippage from Aster: live order book, 20 min ago; Kraken Futures: live order book, 22 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, 20 min ago	13.54 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 22 min ago	21.19 bp	30.5 bp −$30	581.6 bp −$5,816	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	−0.0388%	1h	0.02541	+0.313%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0024%	1h	0.02533	+0.001%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02547	+0.561%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02533	+0.017%	$69K	$124K	25x	as long as short
Bybit MONUSDT	+0.0013%	8h	0.02530	−0.122%	$20.9M	$12.5M	50x	as long as short
Orderly PERP_MON_USDC	+0.0060%	4h	0.02534	+0.036%	$16K	$58K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02534	+0.038%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02534	+0.036%	$844K	$740K	10x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02533	long leg	$101K	$229K	10x
dYdX MON-USD	+0.0100%	1h	0.02534	+0.056%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02536	+0.115%	$140K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02531	−0.082%	$24.2M	$25.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02532	−0.043%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02535	+0.080%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02532	−0.043%	$953K	$890K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02535	+0.076%	$2.9M	$744K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02533	−0.003%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02535	+0.095%	$120K	$158K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02530	−0.137%	$761K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02547	+0.562%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02550	+0.685%	$573K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02550	+0.668%	$68K	$490K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02538	+0.213%	$405K	$541K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02532	−0.043%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02537	+0.160%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02532	−0.047%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02534	+0.024%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02549	+0.628%	$1.4M	$310K	75x	as long as short
Aftermath Perps MONUSD	+0.0344%	1h	0.02547	+0.552%	$4K	$75K	10x	as long as short
Hyperliquid MON	+0.0413%	1h	0.02538	+0.182%	$34.6M	$7.5M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02536	+0.099%	$114K	$2.1M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02557	+0.948%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSDshort	+0.0843%	1h	0.02536	+0.133%	$276K	$88K	10x