Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0498%/8h= +54.5% APRpaid last 24h +0.067%

Price spread now: GMX against Aster−0.112%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 GMX

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. GMX is 0.112% cheaper against Aster than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 18 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02576	0.0100	pay 0.0050% / 4h	1h 31m	$107K	$231K	10x
Short	GMX MON/USD [ETH-USDC]	0.02574	L +0.0260% / S −0.0598%	get 0.0075% / 1h	31m 38s	$9K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $104.54
Price spread: −0.112% → 0.000%: −$11.23
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $73.31
Costs to cover: 0.200%
Break-even: 2.1 days

Slippage unknown: Aster: live order book, 50 min ago; GMX: 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, 50 min ago	17.30 bp	50.5 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0053%	1h	0.02582	+0.218%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0052%	8h	0.02571	−0.209%	$21.4M	$11.7M	50x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02574	−0.101%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0022%	1h	0.02574	−0.093%	$69K	$119K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02580	+0.136%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02576	−0.007%	$143K	$1.8M	10x	as long as short
Aftermath Perps MONUSD	+0.0021%	1h	0.02584	+0.278%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02571	−0.209%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0080%	8h	0.02573	−0.142%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02576	−0.015%	$853K	$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	0.02580	+0.130%	$388K	$537K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02578	+0.051%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02576	long leg	$107K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02574	−0.105%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02575	−0.054%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02574	−0.093%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02570	−0.248%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	+0.350%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02575	−0.054%	$1.0M	$865K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02575	−0.054%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02581	+0.187%	$781K	$406K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02580	+0.133%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02584	+0.296%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02581	+0.179%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02573	−0.132%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02578	+0.054%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02573	−0.132%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02578	+0.044%	$271K	$77K	10x	as long as short
Backpack MON_USDC_PERP	+0.0223%	1h	0.02574	−0.085%	$137K	$136K	10x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0260% / S −0.0598%	1h	0.02574	−0.112%	$9K	—	50x
KuCoin MONUSDTM	+0.0318%	4h	0.02579	+0.101%	$3.2M	$723K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02577	+0.024%	$1.3M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.176%	$114K	$49K	50x	as long as short