Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.246%

Price spread now: Aftermath Perps against Gate−0.079%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.079% cheaper against Gate than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02597	0.0100	pay 0.0050% / 4h	2h 25m	$1.0M	$934K	50x
Short	Aftermath Perps MONUSD	0.02595	0.0198	get 0.0025% / 1h	25m 24s	$2K	$73K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now −0.079%Rate

Funding earned: $20.66
Price spread: −0.079% → 0.000%: −$7.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$11.29
Costs to cover: 0.240%
Break-even: 10.8 days

Slippage unknown: Gate: live order book, 2 min ago; Aftermath Perps: no order-book sample. 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 Gate live order book, 2 min ago	7.69 bp	35.6 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0739%	1h	0.02596	−0.039%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0248%	1h	0.02597	+0.015%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0019%	1h	0.02597	+0.008%	$63K	$110K	25x	as long as short
Bybit MONUSDT	−0.0004%	8h	0.02594	−0.112%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02594	−0.112%	$13K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02595	−0.077%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02595	−0.061%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02596	−0.039%	$850K	$753K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02599	+0.061%	$374K	$527K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02598	+0.050%	$35.0M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02596	−0.041%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02597	+0.006%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02597	0.000%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02595	−0.076%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02592	−0.193%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02600	+0.115%	$109K	$3K	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02597	long leg	$1.0M	$934K	50x
Bitget MONUSDT	+0.0100%	4h	0.02598	+0.039%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02593	−0.139%	$778K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02592	−0.191%	$48K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02594	−0.097%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02594	−0.116%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02596	−0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02598	+0.044%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02595	−0.077%	$39K	—	3x	as long as short
BloFin MON-USDT	+0.0109%	4h	0.02588	−0.347%	$1.4M	$245K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02601	+0.149%	$268K	$67K	10x	as long as short
Aftermath Perps MONUSDshort	+0.0198%	1h	0.02595	−0.079%	$2K	$73K	10x
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02597	+0.015%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0263%	1h	0.02597	+0.015%	$137K	$136K	10x	as long as short
KuCoin MONUSDTM	+0.0352%	4h	0.02601	+0.154%	$3.2M	$745K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02596	−0.042%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02600	+0.100%	$114K	$49K	50x	as long as short