Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0302%/8h= +33.1% APRpaid last 24h +0.128%

Price spread now: Aftermath Perps against BloFin+0.059%49s7-day average +0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$860.859% of the position

Long on BloFin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.356%+$36 on $10k

Price spread, last 4 days (all we have)−0.851%−$85 · spread now +0.059%, 7d avg +0.016%

Together, before fees−0.495%−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aftermath Perps is 0.043% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02556	0.0340	pay 0.0170% / 4h	2h 58m	$1.4M	$403K	75x
Short	Aftermath Perps MONUSD	0.02558	0.0642	get 0.0080% / 1h	58m 12s	$4K	$97K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.059%Rate

Funding earned: $63.44
Price spread: +0.059% → +0.016%: $4.33
Slippage, 4 orders: −$64.88
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$18.11
Costs to cover: 0.859%
Break-even: 9.0 days

Slippage from BloFin: live order book, 4 min ago; Aftermath Perps: live order book, 36 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 BloFin live order book, 4 min ago	7.82 bp	13.8 bp −$14	26.5 bp −$265	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 36 min ago	6.78 bp	26.6 bp −$27	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
Backpack MON_USDC_PERP	−0.0021%	1h	0.02558	+0.067%	$114K	$152K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02558	+0.063%	$14K	$304K	5x	as long as short
Injective MON/USDC PERP	+0.0033%	1h	0.02505	−1.995%	$5K	$104	5.5x	as long as short
Lighter MON	+0.0096%	1h	0.02558	+0.078%	$834K	$759K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02555	−0.058%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02558	+0.085%	$393K	$577K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02557	+0.037%	$101K	$202K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02557	+0.051%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02556	+0.008%	$142K	$89K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02555	−0.056%	$24.6M	$26.8M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02553	−0.129%	$21.3M	$13.4M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02552	−0.156%	$4.3M	$6.1M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02557	+0.039%	$1.0M	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02556	0.000%	$2.9M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02556	0.000%	$2.8M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.136%	$759K	$376K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02555	−0.021%	$42K	$252K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02557	+0.055%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02557	+0.039%	$69K	$545K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02556	0.000%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02555	−0.039%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02542	−0.557%	$104K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02555	−0.028%	$61K	$329K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02555	−0.059%	$39K	—	3x	as long as short
Hyperliquid MON	+0.0170%	1h	0.02557	+0.020%	$34.5M	$6.5M	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02555	−0.059%	$7K	—	50x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0298%	1h	0.02556	0.000%	$73K	$133K	25x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02556	long leg	$1.4M	$403K	75x
01 Exchange MONUSD	+0.0368%	1h	0.02557	+0.035%	$6K	$3K	5x	as long as short
Perpl MON	+0.0447%	43m	0.02556	+0.008%	$119K	$2.1M	10x	as long as short
Aftermath Perps MONUSDshort	+0.0642%	1h	0.02558	+0.059%	$4K	$97K	10x
Kraken Futures PF_MONUSD	+0.0668%	1h	0.02558	+0.078%	$275K	$117K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0800%	1h	0.02575	+0.747%	$114K	$53K	50x	as long as short