Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.222%

Price spread now: Aster against Coinbase International−0.263%7-day average −0.477% · 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−$300as in the Price arb table

costs, in and out, $10k−$3213.210% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.814%−$81 on $10k

Price spread, last 3 days (all we have)−0.248%−$25 · spread now −0.263%, 7d avg −0.477%

Together, before fees−1.062%+ Points / potential airdropAster: Stage 5 · farm board−$106 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.214% dearer against Coinbase International than usual: you sell high and buy low (spread −0.263% now, against its 7-day average of −0.477%): +$21 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02604	0.0808	pay 0.0101% / 1h	10m 56s	$114K	$52K	50x
Short	Aster MONUSDT	0.02598	0.0100	get 0.0050% / 4h	3h 10m	$108K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.263%Rate

Funding earned: −$148.68
Price spread: −0.263% → −0.477%: $21.36
Slippage, 4 orders: −$303.04
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$448.36
Costs to cover: 3.210%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 62 min ago; Aster: live order book, 61 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 Coinbase International live order book, 62 min ago	36.15 bp	130.6 bp −$131	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	15.66 bp	30.6 bp −$31	doesn't fit	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	−0.0444%	1h	0.02570	−1.325%	$6K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02601	−0.131%	$14K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02594	−0.407%	$70K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02596	−0.311%	$6K	$1K	5x	as long as short
Bybit MONUSDT	+0.0058%	8h	0.02599	−0.211%	$21.6M	$12.2M	50x	as long as short
Orderly PERP_MON_USDC	+0.0063%	4h	0.02592	−0.480%	$17K	$59K	10x	as long as short
Paradex MON-USD-PERP	+0.0092%	8h	0.02594	−0.396%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02595	−0.365%	$864K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02602	−0.077%	$401K	$526K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02607	+0.077%	$35.5M	$7.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDTshort	+0.0100%	4h	0.02598	−0.263%	$108K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02598	−0.256%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02596	−0.326%	$143K	$103K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02600	−0.178%	$24.9M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02599	−0.211%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02560	−1.692%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02597	−0.288%	$979K	$929K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02598	−0.250%	$2.9M	$728K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02601	−0.134%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02595	−0.369%	$129K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02593	−0.458%	$780K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02582	−0.872%	$44K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02600	−0.172%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02584	−0.787%	$69K	$488K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02593	−0.442%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02599	−0.211%	$50K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02591	−0.534%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0194%	1h	0.02588	−0.648%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02595	−0.357%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02594	−0.403%	$1.4M	$309K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02599	−0.227%	$120K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0460%	1h	0.02597	−0.290%	$273K	$78K	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0808%	1h	0.02604	long leg	$114K	$52K	50x