Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.013%
Price spread now: Aster against Bybit+0.048%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1041.039% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.068%+$7 on $10k
Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.048%, 7d avg +0.125%
Together, before fees+0.214%+ Points / potential airdropAster: Stage 5 · farm board+$21 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 0.077% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.125%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MONUSDT0.025980.0092pay 0.0092% / 8h7h 09m$21.6M$12.2M50x
ShortAster MONUSDT0.025990.0100get 0.0050% / 4h3h 09m$108K$231K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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

Funding earned
$1.75
Price spread: +0.048% → +0.125%
−$7.71
Slippage, 4 orders
−$84.93
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$109.89
Costs to cover
1.039%
Break-even
446.2 days
Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago1.92 bp18.7 bp −$1964.9 bp −$649doesn't fitdoesn't fit
Sell Aster live order book, 62 min ago15.66 bp30.6 bp −$31doesn't fitdoesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0444%1h0.02570−1.078%$6K$1085.5xas long as short
Phoenix MON0.0000%1h0.02599+0.046%$14K$351K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02599+0.046%$70K$119K25xas long as short
01 Exchange MONUSD+0.0016%1h0.02598−0.008%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0063%4h0.02597−0.038%$17K$59K10xas long as short
Bybit MONUSDTlong+0.0092%8h0.02598long leg$21.6M$12.2M50x
Paradex MON-USD-PERP+0.0092%8h0.02598−0.012%$8K$425xas long as short
Lighter MON+0.0096%1h0.02600+0.077%$866K$755K10xas long as short
Nado MON-PERP+0.0100%1h0.02604+0.227%$402K$523K10xas long as short
Hyperliquid MON+0.0100%1h0.02604+0.239%$35.5M$7.4M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDTshort+0.0100%4h0.02599+0.048%$108K$231K10x
dYdX MON-USD+0.0100%1h0.02601+0.098%$13K5xas long as short
Pacifica MON+0.0100%1h0.02598+0.015%$144K$103K3xas long as short
Binance MONUSDT+0.0100%4h0.02598+0.002%$24.8M$25.4M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.025980.000%$4.4M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02560−1.446%$106K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.025980.000%$979K$930K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02601+0.115%$3.0M$728K75xas long as short
Bitget MONUSDT+0.0100%4h0.02601+0.115%$2.8M$1.9M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02599+0.038%$129K$142K10xas long as short
Variational Omni MON+0.0100%8h0.02593−0.209%$780K$411Kas long as short
edgeX MONUSDC+0.0100%4h0.02595−0.129%$44K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02600+0.078%$581K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02593−0.192%$69K$487K50xas long as short
SoDEX MON-USD+0.0100%1h0.02596−0.077%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02603+0.204%$50K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02596−0.077%$39K3xas long as short
Aftermath Perps MONUSD+0.0202%1h0.02592−0.236%$4K$74K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02600+0.085%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02594−0.154%$1.4M$309K75xas long as short
Perpl MON+0.0447%43m0.02602+0.162%$120K$2.1M10xas long as short
Kraken Futures PF_MONUSD+0.0460%1h0.02599+0.044%$273K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0808%1h0.02604+0.250%$114K$52K50xas long as short