Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.116%

Price spread now: Aftermath Perps against KuCoin−0.138%7-day average −0.044% · you buy dearer than you sell

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

Long on KuCoin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.455%+$45 on $10k

Price spread, last 4 days (all we have)+0.451%+$45 · spread now −0.138%, 7d avg −0.044%

Together, before fees+0.906%+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.094% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.044%). If the spread goes back, that is −$9 on $10k: about 27 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02527	0.0100	pay 0.0050% / 4h	1h 06m	$2.9M	$695K	75x
Short	Aftermath Perps MONUSD	0.02524	0.0381	get 0.0048% / 1h	6m 58s	$5K	$97K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee Aftermath PerpsbpOrdersPrice spread, now −0.138%Rate

Funding earned: $59
Price spread: −0.138% → −0.044%: −$9.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $28.56
Costs to cover: 0.210%
Break-even: 3.6 days

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	17.82 bp	38.4 bp −$38	766.0 bp −$7,660	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 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
01 Exchange MONUSD	−0.0472%	1h	0.02525	−0.091%	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	−0.0336%	1h	0.02526	−0.055%	$113K	$146K	10x	as long as short
Injective MON/USDC PERP	−0.0246%	1h	0.02541	+0.554%	$6K	$101	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0186%	1h	0.02524	−0.135%	$80K	$119K	25x	as long as short
Bybit MONUSDT	−0.0155%	8h	0.02521	−0.237%	$21.4M	$13.5M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02519	−0.301%	$12K	$281K	5x	as long as short
Paradex MON-USD-PERP	+0.0034%	8h	0.02523	−0.167%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02526	−0.040%	$828K	$737K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02527	−0.009%	$401K	$575K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02524	−0.115%	$33.8M	$6.3M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02524	−0.119%	$100K	$204K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02523	−0.151%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02527	−0.004%	$140K	$85K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02522	−0.198%	$24.3M	$26.3M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02522	−0.198%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.277%	$103K	$238	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02526	−0.040%	$1.2M	$1.3M	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02527	long leg	$2.9M	$695K	75x
Bitget MONUSDT	+0.0100%	4h	0.02524	−0.119%	$2.8M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02516	−0.441%	$751K	$368K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02522	−0.214%	$42K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02525	−0.072%	$567K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02526	−0.040%	$68K	$548K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02525	−0.079%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02522	−0.198%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02524	−0.116%	$58K	$320K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02523	−0.166%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02524	−0.131%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02523	−0.158%	$1.4M	$391K	75x	as long as short
Aftermath Perps MONUSDshort	+0.0381%	1h	0.02524	−0.138%	$5K	$97K	10x
Perpl MON	+0.0447%	43m	0.02526	−0.032%	$117K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0696%	1h	0.02528	+0.028%	$276K	$127K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02534	+0.297%	$107K	$55K	50x	as long as short