Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0172%/8h= +18.9% APRpaid last 24h +0.189%

Price spread now: Aftermath Perps against Aster−0.116%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.116% cheaper against Aster than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.2 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02520	0.0100	pay 0.0050% / 4h	3h 59m	$101K	$222K	10x
Short	Aftermath Perps MONUSD	0.02517	0.0272	get 0.0034% / 1h	59m 54s	$2K	$74K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Aster. 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 AsterbpFee Aftermath PerpsbpOrdersPrice spread, now −0.116%Rate

Funding earned: $36.18
Price spread: −0.116% → 0.000%: −$11.57
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $7.62
Costs to cover: 0.170%
Break-even: 5.5 days

Slippage unknown: Aster: live order book, 57 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 Aster live order book, 57 min ago	15.85 bp	67.9 bp −$68	doesn't fit	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	−0.0176%	1h	0.02507	−0.519%	$5K	$114	5.5x	as long as short
01 Exchange MONUSD	−0.0136%	1h	0.02521	+0.017%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0098%	8h	0.02519	−0.050%	$20.8M	$13.3M	50x	as long as short
Backpack MON_USDC_PERP	−0.0081%	1h	0.02521	+0.041%	$114K	$151K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02517	−0.134%	$12K	$359K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02520	+0.001%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0072%	4h	0.02520	−0.003%	$16K	$34K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02518	−0.074%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02521	+0.037%	$849K	$749K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02522	+0.061%	$426K	$578K	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	0.02521	+0.041%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02520	long leg	$101K	$222K	10x
dYdX MON-USD	+0.0100%	1h	0.02520	−0.012%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02521	+0.049%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02519	−0.042%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02519	−0.042%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	−0.399%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02520	−0.003%	$945K	$994K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02520	−0.003%	$2.8M	$758K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02522	+0.077%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02519	−0.060%	$745K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02516	−0.147%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02519	−0.045%	$564K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02517	−0.122%	$68K	$512K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02518	−0.082%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02519	−0.034%	$49K	$513K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02518	−0.062%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02519	−0.023%	$9K	—	50x	as long as short
Aftermath Perps MONUSDshort	+0.0272%	1h	0.02517	−0.116%	$2K	$74K	10x
BloFin MON-USDT	+0.0340%	4h	0.02516	−0.162%	$1.3M	$339K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02518	−0.078%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02521	+0.021%	$114K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0540%	1h	0.02522	+0.084%	$271K	$115K	10x	as long as short