Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Binance−0.048%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.048%, 7d avg +0.033%

Together, before fees+0.081%+ Points / potential airdropAster: Stage 5 · farm board+$8 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: Aster is 0.081% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MONUSDT	0.02589	0.0100	pay 0.0050% / 4h	50m 40s	$24.6M	$25.1M	75x
Short	Aster MONUSDT	0.02587	0.0100	get 0.0050% / 4h	50m 40s	$109K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.033%: −$8.11
Slippage, 4 orders: −$97.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$123.95
Costs to cover: 1.158%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Aster: live order book, 26 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 Binance live order book, 6 min ago	3.87 bp	19.4 bp −$19	54.9 bp −$549	450.9 bp −$45.1K	doesn't fit
Sell Aster live order book, 26 min ago	15.52 bp	34.4 bp −$34	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	−0.0121%	1h	0.02575	−0.528%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0088%	1h	0.02586	−0.106%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0065%	8h	0.02586	−0.103%	$21.4M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02587	−0.068%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02586	−0.099%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02587	−0.068%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0033%	1h	0.02580	−0.330%	$2K	$74K	10x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02584	−0.180%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0091%	8h	0.02590	+0.050%	$8K	$42	5x	as long as short
Variational Omni MON	+0.0091%	8h	0.02575	−0.522%	$777K	$408K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02590	+0.052%	$858K	$783K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02592	+0.133%	$35.0M	$7.5M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02587	−0.048%	$109K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02588	−0.038%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02589	+0.029%	$143K	$105K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02589	long leg	$24.6M	$25.1M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02587	−0.064%	$4.4M	$6.0M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02587	−0.064%	$996K	$868K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02591	+0.091%	$2.8M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02586	−0.087%	$129K	$141K	10x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02584	−0.195%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02587	−0.064%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02590	+0.052%	$69K	$481K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02588	−0.039%	$395K	$547K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02585	−0.141%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02588	−0.031%	$109K	$3K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02592	+0.131%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02585	−0.141%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0250%	4h	0.02593	+0.168%	$3.0M	$715K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02586	−0.087%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02588	−0.025%	$1.3M	$310K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0417%	1h	0.02589	+0.028%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02597	+0.330%	$114K	$50K	50x	as long as short