Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.031%

Price spread now: Aster against 01 Exchange+0.097%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.097% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MONUSD	0.02488	0.0232	pay 0.0029% / 1h	34m 38s	$7K	$2K	5x
Short	Aster MONUSDT	0.02491	0.0100	get 0.0050% / 4h	1h 34m	$99K	$221K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$27.72
Price spread: +0.097% → 0.000%: $9.66
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 7 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 7 min ago	16.01 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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	0.0000%	1h	0.02493	+0.189%	$13K	$353K	5x	as long as short
Bybit MONUSDT	+0.0055%	8h	0.02486	−0.088%	$20.4M	$13.7M	50x	as long as short
Orderly PERP_MON_USDC	+0.0086%	4h	0.02491	+0.109%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02492	+0.149%	$799K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02489	+0.012%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02495	+0.261%	$396K	$572K	10x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02491	+0.097%	$99K	$221K	10x
dYdX MON-USD	+0.0100%	1h	0.02492	+0.159%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02491	+0.109%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02489	+0.028%	$23.7M	$27.5M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MON-USDT-SWAP	+0.0100%	4h	0.02487	−0.052%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.470%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02492	+0.149%	$933K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02498	+0.390%	$2.8M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02492	+0.149%	$2.7M	$2.2M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02492	+0.157%	$111K	$155K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02489	+0.031%	$739K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02495	+0.288%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02497	+0.350%	$555K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02494	+0.229%	$68K	$536K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02490	+0.068%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02493	+0.185%	$48K	$266K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02490	+0.084%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02503	+0.591%	$5K	$110	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0152%	1h	0.02492	+0.133%	$73K	$135K	25x	as long as short
Aftermath Perps MONUSD	+0.0225%	1h	0.02495	+0.273%	$6K	$98K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02490	+0.072%	$6K	—	50x	as long as short
01 Exchange MONUSDlong	+0.0232%	1h	0.02488	long leg	$7K	$2K	5x
BloFin MON-USDT	+0.0340%	4h	0.02488	−0.012%	$1.3M	$347K	75x	as long as short
Hyperliquid MON	+0.0397%	1h	0.02493	+0.205%	$33.7M	$7.8M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02493	+0.189%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02508	+0.800%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0848%	1h	0.02493	+0.181%	$268K	$118K	10x	as long as short