Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0307%/8hpaid last 24h +0.252%

Price spread now: Aftermath Perps against Variational Omni+0.312%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aftermath Perps is 0.312% dearer against Variational Omni than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MON	0.02528	0.0100	pay 0.0100% / 8h	4h 13m	$754K	$366K	—
Short	Aftermath Perps MONUSD	0.02535	0.0407	get 0.0051% / 1h	13m 39s	$2K	$71K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now +0.312%Rate

Funding earned: $64.57
Price spread: +0.312% → 0.000%: $31.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $86.76
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 19 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 Variational Omni RFQ quote, 19 min ago	9.91 bp	doesn't fit	116.9 bp −$1,169	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	−0.0242%	1h	0.02531	+0.135%	$5K	$111	5.5x	as long as short
01 Exchange MONUSD	−0.0200%	1h	0.02533	+0.218%	$6K	$1K	5x	as long as short
Backpack MON_USDC_PERP	−0.0166%	1h	0.02532	+0.190%	$133K	$135K	10x	as long as short
Bybit MONUSDT	−0.0048%	8h	0.02529	+0.056%	$21.0M	$11.3M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02531	+0.147%	$13K	$374K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02532	+0.159%	$47K	$75K	25x	as long as short
BloFin MON-USDT	+0.0070%	4h	0.02533	+0.214%	$1.3M	$218K	75x	as long as short
Lighter MON	+0.0096%	1h	0.02533	+0.214%	$828K	$748K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02532	+0.163%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02533	+0.234%	$315K	$519K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02533	+0.234%	$34.2M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02531	+0.132%	$105K	$240K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02534	+0.254%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02532	+0.159%	$144K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02531	+0.135%	$23.9M	$23.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02529	+0.056%	$4.3M	$5.7M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02540	+0.491%	$106K	$7K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02530	+0.095%	$957K	$939K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02533	+0.214%	$2.6M	$1.7M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02528	long leg	$754K	$366K	—
edgeX MONUSDC	+0.0100%	4h	0.02531	+0.121%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02541	+0.545%	$568K	$1.3M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02534	+0.254%	$68K	$486K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02530	+0.095%	$16K	$64K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02531	+0.135%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02534	+0.263%	$45K	$400K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02531	+0.135%	$38K	—	3x	as long as short
KuCoin MONUSDTM	+0.0196%	4h	0.02536	+0.333%	$3.0M	$776K	75x	as long as short
Perpl MON	+0.0223%	43m	0.02535	+0.301%	$208K	$1.7M	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0343%	1h	0.02532	+0.178%	$6K	—	50x	as long as short
Aftermath Perps MONUSDshort	+0.0407%	1h	0.02535	+0.312%	$2K	$71K	10x
Kraken Futures PF_MONUSD	+0.0421%	1h	0.02535	+0.275%	$252K	$57K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0624%	1h	0.02543	+0.626%	$112K	$50K	50x	as long as short