Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against edgeX+0.051%70s7-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—prices read too far apart to compare

costs, in and out, $10k−$1021.023% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.051%, 7d avg +0.055%

Together, before fees−0.062%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MONUSDC	0.02539	0.0100	pay 0.0050% / 4h	10m 31s	$42K	$248K	10x
Short	Aster MONUSDT	0.02541	0.0100	get 0.0050% / 4h	10m 31s	$100K	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.055%: −$0.45
Slippage, 4 orders: −$85.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$102.74
Costs to cover: 1.023%
Break-even: never at this rate

Slippage from edgeX: live order book, 30 min ago; Aster: live order book, 29 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 edgeX live order book, 30 min ago	7.91 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 29 min ago	13.83 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit

MON on 33 exchanges

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	0.02541	+0.045%	$12K	$284K	5x	as long as short
01 Exchange MONUSD	−0.0128%	1h	0.02541	+0.076%	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	−0.0010%	1h	0.02542	+0.084%	$114K	$140K	10x	as long as short
Bybit MONUSDT	−0.0001%	8h	0.02538	−0.054%	$21.6M	$12.4M	50x	as long as short
Perpl MON	0.0000%	43m	0.02542	+0.108%	$118K	$2.1M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02541	+0.053%	$83K	$99K	25x	as long as short
Injective MON/USDC PERP	+0.0033%	1h	0.02541	+0.065%	$6K	$92	5.5x	as long as short
Paradex MON-USD-PERP	+0.0075%	8h	0.02539	−0.001%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02544	+0.183%	$840K	$696K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02543	+0.144%	$409K	$519K	10x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02543	+0.155%	$34.1M	$5.7M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02541	+0.051%	$100K	$187K	10x
dYdX MON-USD	+0.0100%	1h	0.02540	+0.033%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02540	+0.037%	$140K	$80K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02540	+0.025%	$24.4M	$24.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02541	+0.065%	$4.2M	$5.4M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02541	+0.065%	$1.2M	$1.3M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02543	+0.143%	$2.9M	$639K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02542	+0.104%	$2.8M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02538	−0.061%	$757K	$328K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02539	long leg	$42K	$248K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02544	+0.168%	$567K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02542	+0.104%	$69K	$545K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02539	−0.014%	$16K	$35K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02540	+0.025%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02540	+0.025%	$104K	$238	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02543	+0.159%	$58K	$511K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02541	+0.045%	$38K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0204%	1h	0.02544	+0.191%	$275K	$114K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02540	+0.025%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02537	−0.093%	$1.4M	$365K	75x	as long as short
Aftermath Perps MONUSD	+0.0448%	1h	0.02540	+0.028%	$7K	$95K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0632%	1h	0.02545	+0.210%	$107K	$55K	50x	as long as short