Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Aster−0.034%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1251.254% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.034%, 7d avg +0.002%

Together, before fees−0.096%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.036% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02571	0.0100	pay 0.0050% / 4h	1h 12m	$108K	$231K	10x
Short	Bitget MONUSDT	0.02570	0.0100	get 0.0050% / 4h	1h 12m	$2.7M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.002%: −$3.58
Slippage, 4 orders: −$105.38
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$128.97
Costs to cover: 1.254%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Bitget: live order book, 5 min ago.

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, 4 min ago	15.52 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.76 bp	22.7 bp −$23	66.0 bp −$660	doesn't fit	doesn't fit

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
Bybit MONUSDT	−0.0060%	8h	0.02565	−0.225%	$21.3M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.160%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.188%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02568	−0.096%	$142K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02570	−0.022%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0026%	1h	0.02574	+0.137%	$2K	$73K	10x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02569	−0.077%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02567	−0.151%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0086%	8h	0.02567	−0.168%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02570	−0.034%	$851K	$773K	10x	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	0.02572	+0.026%	$387K	$540K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02571	+0.005%	$34.8M	$7.4M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02571	long leg	$108K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02569	−0.060%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02568	−0.112%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02568	−0.116%	$24.4M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02567	−0.151%	$4.4M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	+0.261%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02568	−0.112%	$995K	$873K	50x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02570	−0.034%	$2.7M	$1.8M	25x
Backpack MON_USDC_PERP	+0.0100%	1h	0.02567	−0.151%	$127K	$138K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02571	+0.012%	$779K	$406K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	+0.140%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	+0.238%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02576	+0.199%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02569	−0.073%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02571	+0.002%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02569	−0.069%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02572	+0.043%	$270K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02569	−0.065%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0300%	4h	0.02573	+0.083%	$3.2M	$667K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02570	−0.034%	$1.3M	$292K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.393%	$114K	$49K	50x	as long as short