Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.188%

Price spread now: Bitget against Aftermath Perps+0.185%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Bitget

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—needs both histories

The price spread pays, funding is against you. Bitget is 0.185% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.185% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02474	0.0166	pay 0.0021% / 1h	22m 58s	$5K	$81K	10x
Short	Bitget MONUSDT	0.02479	0.0100	get 0.0050% / 4h	2h 22m	$2.7M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aftermath Perps. 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 Aftermath PerpsbpFee BitgetbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$13.76
Price spread: +0.185% → 0.000%: $18.5
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.25
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 4 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	8.10 bp	21.8 bp −$22	55.8 bp −$558	doesn't fit	doesn't fit

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
Backpack MON_USDC_PERP	−0.0153%	1h	0.02478	+0.149%	$115K	$154K	10x	as long as short
Bybit MONUSDT	−0.0021%	8h	0.02475	+0.007%	$20.3M	$13.6M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02476	+0.048%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02469	−0.235%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02476	+0.056%	$73K	$135K	25x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	+0.589%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02476	+0.064%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02475	+0.023%	$809K	$765K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02475	+0.022%	$7K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02477	+0.108%	$33.2M	$7.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02477	+0.106%	$98K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02478	+0.161%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02477	+0.104%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02478	+0.128%	$23.5M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02477	+0.104%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02475	+0.023%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02476	+0.064%	$925K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02480	+0.225%	$2.8M	$764K	75x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02479	+0.185%	$2.7M	$2.2M	25x
Variational Omni MON	+0.0100%	8h	0.02467	−0.296%	$729K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02467	−0.300%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02476	+0.064%	$550K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02469	−0.219%	$67K	$528K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02477	+0.120%	$406K	$571K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02476	+0.064%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02479	+0.165%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02474	+0.003%	$37K	—	3x	as long as short
Aftermath Perps MONUSDlong	+0.0166%	1h	0.02474	long leg	$5K	$81K	10x
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02475	+0.044%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02474	−0.017%	$1.3M	$346K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02477	+0.092%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+2.246%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1027%	1h	0.02478	+0.153%	$266K	$119K	10x	as long as short