Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.065%

Price spread now: KuCoin against Aster+0.096%7-day average +0.055% · 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−$155as in the Price arb table

costs, in and out, $10k−$1591.589% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.518%−$52 · spread now +0.096%, 7d avg +0.055%

Together, before fees−0.453%+ Points / potential airdropAster: Stage 5 · farm board−$45 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: KuCoin is 0.042% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02524	0.0100	pay 0.0050% / 4h	1h 07m	$101K	$222K	10x
Short	KuCoin MONUSDTM	0.02526	0.0100	get 0.0050% / 4h	1h 07m	$2.9M	$743K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.055%: $4.16
Slippage, 4 orders: −$138.91
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$154.74
Costs to cover: 1.589%
Break-even: never at this rate

Slippage from Aster: live order book, 54 min ago; KuCoin: live order book, 9 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, 54 min ago	13.80 bp	38.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	13.80 bp	44.7 bp −$45	471.1 bp −$4,711	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
Phoenix MON	−0.0316%	1h	0.02528	+0.184%	$12K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0257%	1h	0.02523	−0.022%	$111K	$152K	10x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02528	+0.176%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0131%	8h	0.02519	−0.181%	$20.7M	$13.1M	50x	as long as short
01 Exchange MONUSD	−0.0072%	1h	0.02521	−0.110%	$6K	$1K	5x	as long as short
Perpl MON	0.0000%	43m	0.02523	−0.015%	$104K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02523	−0.015%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0085%	4h	0.02523	−0.022%	$16K	$50K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02524	+0.017%	$842K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02522	−0.075%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02523	−0.012%	$411K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02524	+0.001%	$34.1M	$7.5M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02524	long leg	$101K	$222K	10x
dYdX MON-USD	+0.0100%	1h	0.02522	−0.074%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02523	−0.022%	$140K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02521	−0.096%	$24.0M	$26.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02519	−0.181%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.125%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02522	−0.062%	$950K	$968K	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02526	+0.096%	$2.9M	$743K	75x
Bitget MONUSDT	+0.0100%	4h	0.02522	−0.062%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02523	−0.022%	$749K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02526	+0.080%	$42K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02529	+0.206%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02524	+0.017%	$68K	$504K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02523	−0.022%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02525	+0.040%	$48K	$513K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02523	−0.042%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02522	−0.062%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0261%	1h	0.02527	+0.124%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02518	−0.221%	$1.3M	$325K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0492%	1h	0.02526	+0.104%	$269K	$113K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02534	+0.413%	$112K	$57K	50x	as long as short