Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0392%/8h= −42.9% APRpaid last 24h −0.182%

Price spread now: Aster against Kraken Futures−0.148%7-day average −0.070% · 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−$153as in the Price arb table

costs, in and out, $10k−$1451.450% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.737%−$74 on $10k

Price spread, last 4 days (all we have)−0.364%−$36 · spread now −0.148%, 7d avg −0.070%

Together, before fees−1.102%+ Points / potential airdropAster: Stage 5 · farm board−$110 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Aster is 0.078% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02531	0.0492	pay 0.0061% / 1h	9m 50s	$270K	$113K	10x
Short	Aster MONUSDT	0.02527	0.0100	get 0.0050% / 4h	1h 09m	$101K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$82.22
Price spread: −0.148% → −0.070%: −$7.75
Slippage, 4 orders: −$127.05
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$235.02
Costs to cover: 1.450%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 53 min ago; Aster: live order book, 52 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 Kraken Futures live order book, 53 min ago	27.57 bp	38.4 bp −$38	8295.1 bp −$83.0K	doesn't fit	doesn't fit
Sell Aster live order book, 52 min ago	13.80 bp	32.5 bp −$33	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
Phoenix MON	−0.0316%	1h	0.02528	−0.114%	$12K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0257%	1h	0.02529	−0.094%	$112K	$152K	10x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02528	−0.122%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0138%	8h	0.02522	−0.371%	$20.7M	$13.1M	50x	as long as short
01 Exchange MONUSD	−0.0080%	1h	0.02530	−0.043%	$6K	$1K	5x	as long as short
Perpl MON	0.0000%	43m	0.02527	−0.177%	$105K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02527	−0.157%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0084%	4h	0.02527	−0.161%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02528	−0.122%	$843K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02528	−0.104%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02532	+0.038%	$412K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02524	−0.280%	$34.1M	$7.5M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02527	−0.148%	$101K	$222K	10x
dYdX MON-USD	+0.0100%	1h	0.02530	−0.033%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02530	−0.051%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02525	−0.244%	$24.0M	$26.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02522	−0.359%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.421%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02526	−0.201%	$952K	$966K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02528	−0.122%	$2.9M	$743K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02524	−0.280%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02523	−0.319%	$749K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02525	−0.234%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02526	−0.202%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02524	−0.280%	$68K	$504K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02527	−0.161%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02528	−0.132%	$48K	$513K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02527	−0.161%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0256%	1h	0.02528	−0.102%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02526	−0.185%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02526	−0.201%	$1.3M	$320K	75x	as long as short
Kraken Futures PF_MONUSDlong	+0.0492%	1h	0.02531	long leg	$270K	$113K	10x
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02534	+0.115%	$112K	$57K	50x	as long as short