Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h +0.216%

Price spread now: Aftermath Perps against BloFin+0.192%7-day average — · you sell dearer than you buy

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

Long on BloFin 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—needs both histories

The price spread pays, funding is against you. Aftermath Perps is 0.192% dearer against BloFin than usual: you sell high and buy low (spread +0.192% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02587	0.0340	pay 0.0170% / 4h	42m 46s	$1.4M	$310K	75x
Short	Aftermath Perps MONUSD	0.02592	0.0030	get 0.0004% / 1h	42m 46s	$2K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.192%Rate

Funding earned: −$65.05
Price spread: +0.192% → 0.000%: $19.22
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$66.83
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	5.78 bp	19.6 bp −$20	41.3 bp −$413	212.4 bp −$21.2K	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	−0.0121%	1h	0.02575	−0.464%	$6K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0051%	8h	0.02583	−0.151%	$21.4M	$12.0M	50x	as long as short
01 Exchange MONUSD	−0.0016%	1h	0.02589	+0.070%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.475%	$14K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02590	+0.112%	$127K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02585	−0.089%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSDshort	+0.0030%	1h	0.02592	+0.192%	$2K	$75K	10x
Orderly PERP_MON_USDC	+0.0067%	4h	0.02584	−0.116%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0092%	8h	0.02590	+0.122%	$8K	$42	5x	as long as short
Variational Omni MON	+0.0095%	8h	0.02591	+0.142%	$783K	$408K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02586	−0.039%	$859K	$793K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02593	+0.218%	$395K	$546K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02588	+0.043%	$35.0M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02588	+0.048%	$109K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02596	+0.335%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02595	+0.298%	$143K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02585	−0.096%	$24.6M	$25.2M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02582	−0.193%	$4.4M	$6.0M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02587	0.000%	$984K	$905K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02587	0.000%	$2.8M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02585	−0.073%	$129K	$141K	10x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02594	+0.270%	$48K	$245K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02597	+0.380%	$588K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02596	+0.348%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02583	−0.155%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02588	+0.033%	$109K	$3K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02590	+0.103%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02583	−0.143%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02585	−0.058%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0268%	4h	0.02588	+0.039%	$3.0M	$716K	75x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02587	long leg	$1.4M	$310K	75x
Kraken Futures PF_MONUSD	+0.0418%	1h	0.02587	+0.014%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+0.847%	$115K	$50K	50x	as long as short