Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.065%

Price spread now: Aster against KuCoin−0.025%7-day average −0.053% · 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−$159as in the Price arb table

costs, in and out, $10k−$1621.623% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.025%, 7d avg −0.053%

Together, before fees+0.034%+ Points / potential airdropAster: Stage 5 · farm board+$3 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 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02519	0.0100	pay 0.0050% / 4h	3h 24m	$2.9M	$761K	75x
Short	Aster MONUSDT	0.02518	0.0100	get 0.0050% / 4h	3h 24m	$101K	$222K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.053%: $2.87
Slippage, 4 orders: −$142.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$159.42
Costs to cover: 1.623%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Aster: live order book, 27 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 KuCoin live order book, 3 min ago	7.92 bp	37.6 bp −$38	896.8 bp −$8,968	doesn't fit	doesn't fit
Sell Aster live order book, 27 min ago	15.82 bp	31.9 bp −$32	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
Injective MON/USDC PERP	−0.0203%	1h	0.02523	+0.159%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0004%	8h	0.02513	−0.234%	$20.7M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02525	+0.250%	$12K	$358K	5x	as long as short
Backpack MON_USDC_PERP	+0.0064%	1h	0.02516	−0.139%	$110K	$151K	10x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02516	−0.119%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02515	−0.159%	$843K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02514	−0.184%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02519	−0.013%	$409K	$586K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02517	−0.091%	$33.9M	$7.5M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02518	−0.025%	$101K	$222K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02520	+0.032%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02517	−0.079%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02514	−0.214%	$23.9M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02515	−0.159%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	+0.040%	$103K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02517	−0.079%	$941K	$984K	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02519	long leg	$2.9M	$761K	75x
Bitget MONUSDT	+0.0100%	4h	0.02516	−0.119%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02520	+0.021%	$747K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02522	+0.124%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02525	+0.238%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02523	+0.159%	$68K	$521K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02514	−0.198%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02516	−0.113%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02514	−0.183%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0148%	1h	0.02515	−0.143%	$74K	$136K	25x	as long as short
01 Exchange MONUSD	+0.0224%	1h	0.02516	−0.131%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02514	−0.191%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02521	+0.079%	$1.3M	$337K	75x	as long as short
Aftermath Perps MONUSD	+0.0349%	1h	0.02521	+0.062%	$2K	$74K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+0.437%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02517	−0.091%	$114K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0724%	1h	0.02518	−0.031%	$271K	$113K	10x	as long as short