Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Aster−0.120%90s7-day average −0.053% · 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—prices read too far apart to compare

costs, in and out, $10k−$1191.187% of the position

Long on Aster Short on edgeX

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)+0.957%+$96 · spread now −0.120%, 7d avg −0.053%

Together, before fees+0.957%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$96 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: edgeX is 0.068% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.053%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02553	0.0100	pay 0.0050% / 4h	2h 24m	$102K	$229K	10x
Short	edgeX MONUSDC	0.02550	0.0100	get 0.0050% / 4h	2h 24m	$44K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.053%: −$6.75
Slippage, 4 orders: −$101.66
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$125.42
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from Aster: live order book, 43 min ago; edgeX: live order book, 43 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, 43 min ago	13.54 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 43 min ago	7.72 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit

MON on 32 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	−0.0388%	1h	0.02522	−1.225%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0086%	8h	0.02550	−0.128%	$20.9M	$12.8M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02552	−0.054%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02543	−0.402%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02552	−0.054%	$69K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0061%	4h	0.02553	−0.011%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02554	+0.028%	$851K	$742K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02551	−0.095%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02553	−0.014%	$410K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02555	+0.079%	$34.7M	$7.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDTlong	+0.0100%	4h	0.02553	long leg	$102K	$229K	10x
dYdX MON-USD	+0.0100%	1h	0.02552	−0.041%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02554	+0.028%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02553	0.000%	$24.3M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02551	−0.089%	$4.3M	$5.9M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02553	−0.011%	$956K	$904K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02554	+0.028%	$2.9M	$744K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02553	−0.011%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02555	+0.056%	$119K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02552	−0.066%	$759K	$419K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02550	−0.120%	$44K	$247K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02554	+0.028%	$573K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02541	−0.481%	$68K	$493K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02551	−0.089%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−0.129%	$106K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02554	+0.015%	$51K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02551	−0.069%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02551	−0.073%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0346%	1h	0.02546	−0.302%	$3K	$77K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02553	−0.015%	$156K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02553	+0.005%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0837%	1h	0.02555	+0.077%	$278K	$88K	10x	as long as short