Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC+0.0245%/8h= +26.9% APRpaid last 24h +0.217%

Price spread now: Aftermath Perps against Perpl−0.073%7-day average — · you buy dearer than you sell

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

Long on Perpl 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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.073% cheaper against Perpl than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl MON	0.02535	0	get 0.0000% / 43m	19m 36s	$105K	$2.3M	10x
Short	Aftermath Perps MONUSD	0.02533	0.0245	get 0.0031% / 1h	31m 36s	$2K	$74K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Perpl. 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 PerplbpFee Aftermath PerpsbpOrdersPrice spread, now −0.073%Rate

Funding earned: $51.53
Price spread: −0.073% → 0.000%: −$7.27
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $21.46
Costs to cover: 0.228%
Break-even: 4.1 days

Slippage unknown: Perpl: no order-book sample; 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 Perpl no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Perpl and 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
Phoenix MON	−0.0316%	1h	0.02527	−0.316%	$13K	$367K	5x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02535	+0.004%	$6K	$111	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0248%	1h	0.02533	−0.063%	$114K	$151K	10x	as long as short
Bybit MONUSDT	−0.0145%	8h	0.02538	+0.122%	$20.8M	$12.9M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02541	+0.233%	$6K	$1K	5x	as long as short
Perpl MONlong	0.0000%	43m	0.02535	long leg	$105K	$2.3M	10x
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02533	−0.083%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0084%	4h	0.02533	−0.075%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02540	+0.201%	$846K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02538	+0.141%	$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	0.02541	+0.254%	$409K	$541K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02540	+0.181%	$34.4M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02535	+0.023%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02536	+0.031%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02537	+0.099%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02539	+0.158%	$24.2M	$26.1M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02539	+0.162%	$4.2M	$5.9M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02536	+0.043%	$955K	$926K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02536	+0.043%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02539	+0.162%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02531	−0.173%	$752K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02534	−0.054%	$42K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	+0.078%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02536	+0.043%	$68K	$501K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02532	−0.114%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	−0.193%	$105K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02541	+0.225%	$50K	$516K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02533	−0.095%	$38K	—	3x	as long as short
Aftermath Perps MONUSDshort	+0.0245%	1h	0.02533	−0.073%	$2K	$74K	10x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02534	−0.036%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02536	+0.043%	$1.3M	$321K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0491%	1h	0.02535	+0.004%	$270K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02538	+0.103%	$111K	$52K	50x	as long as short