Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.065%

Price spread now: KuCoin against Aster+0.120%7-day average +0.053% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1541.541% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.120%, 7d avg +0.053%

Together, before fees−0.129%+ Points / potential airdropAster: Stage 5 · farm board−$13 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: KuCoin is 0.067% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02526	0.0100	pay 0.0050% / 4h	3h 28m	$101K	$222K	10x
Short	KuCoin MONUSDTM	0.02529	0.0100	get 0.0050% / 4h	3h 28m	$2.9M	$761K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → +0.053%: $6.65
Slippage, 4 orders: −$134.06
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$147.4
Costs to cover: 1.541%
Break-even: never at this rate

Slippage from Aster: live order book, 24 min ago; KuCoin: live order book, 4 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, 24 min ago	15.82 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	9.91 bp	36.8 bp −$37	447.7 bp −$4,477	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
Injective MON/USDC PERP	−0.0203%	1h	0.02523	−0.118%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0008%	8h	0.02524	−0.094%	$20.8M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02525	−0.027%	$12K	$358K	5x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02526	+0.001%	$16K	$48K	10x	as long as short
Backpack MON_USDC_PERP	+0.0092%	1h	0.02526	+0.013%	$112K	$150K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02527	+0.041%	$847K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02526	+0.004%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02529	+0.134%	$413K	$585K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02526	+0.017%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02526	long leg	$101K	$222K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02524	−0.074%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02524	−0.066%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02525	−0.036%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02524	−0.078%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.236%	$103K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02526	+0.001%	$944K	$983K	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02529	+0.120%	$2.9M	$761K	75x
Bitget MONUSDT	+0.0100%	4h	0.02526	+0.001%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02525	−0.056%	$747K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02522	−0.164%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02527	+0.039%	$569K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02526	+0.001%	$69K	$520K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02525	−0.038%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02527	+0.026%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02525	−0.058%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0216%	1h	0.02525	−0.054%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0225%	1h	0.02526	+0.017%	$74K	$136K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02525	−0.050%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02523	−0.118%	$1.3M	$336K	75x	as long as short
Aftermath Perps MONUSD	+0.0351%	1h	0.02524	−0.094%	$2K	$74K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+0.160%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02528	+0.072%	$115K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0721%	1h	0.02528	+0.091%	$272K	$113K	10x	as long as short