Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Aster−0.205%7-day average −0.137% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 3 days (all we have)+0.135%+$13 · spread now −0.205%, 7d avg −0.137%

Together, before fees+0.102%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$10 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: Variational Omni is 0.068% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02565	0.0100	pay 0.0050% / 4h	0m 35s	$107K	$231K	10x
Short	Variational Omni MON	0.02560	0.0100	get 0.0100% / 8h	0m 35s	$773K	$407K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.205%Rate

Funding earned: $0
Price spread: −0.205% → −0.137%: −$6.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.79
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 11 min ago; Variational Omni: RFQ quote, 13 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, 11 min ago	15.66 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 13 min ago	13.71 bp	doesn't fit	123.4 bp −$1,234	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	−0.0121%	1h	0.02559	−0.230%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0096%	1h	0.02565	+0.008%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0033%	8h	0.02562	−0.125%	$21.1M	$12.1M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02565	−0.008%	$13K	$360K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02564	−0.020%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02562	−0.113%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02567	+0.082%	$852K	$794K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02565	−0.015%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02568	+0.124%	$34.7M	$7.6M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02565	long leg	$107K	$231K	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	0.02564	−0.048%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02565	+0.004%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02565	−0.015%	$24.5M	$25.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02562	−0.113%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	−0.388%	$107K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02564	−0.035%	$979K	$914K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02566	+0.043%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02565	+0.008%	$127K	$141K	10x	as long as short
Variational Omni MONshort	+0.0100%	8h	0.02560	−0.205%	$773K	$407K	—
edgeX MONUSDC	+0.0100%	4h	0.02563	−0.088%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02558	−0.269%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02563	−0.074%	$68K	$482K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02565	−0.014%	$391K	$541K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02564	−0.035%	$5K	$6K	5x	as long as short
Aftermath Perps MONUSD	+0.0102%	1h	0.02561	−0.153%	$3K	$75K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02568	+0.103%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02564	−0.055%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0250%	4h	0.02568	+0.121%	$3.0M	$719K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02562	−0.094%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02562	−0.113%	$1.3M	$307K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0421%	1h	0.02568	+0.115%	$270K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02562	−0.113%	$125K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.715%	$115K	$50K	50x	as long as short