Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0373%/8h= +40.9% APRpaid last 24h +0.176%

Price spread now: Aftermath Perps against edgeX+0.020%7-day average +0.072% · 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−$86as in the Price arb table

costs, in and out, $10k−$810.810% of the position

Long on edgeX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.520%+$52 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.020%, 7d avg +0.072%

Together, before fees+0.549%+ Points / potential airdropedgeX: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.053% cheaper against edgeX than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.072%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MONUSDC	0.02509	0.0100	pay 0.0050% / 4h	3h 50m	$41K	$251K	10x
Short	Aftermath Perps MONUSD	0.02509	0.0473	get 0.0059% / 1h	50m 48s	$5K	$103K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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 edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: $78.36
Price spread: +0.020% → +0.072%: −$5.25
Slippage, 4 orders: −$63.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$7.93
Costs to cover: 0.810%
Break-even: 7.7 days

Slippage from edgeX: live order book, 47 min ago; Aftermath Perps: live order book, 48 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 edgeX live order book, 47 min ago	8.00 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 48 min ago	7.18 bp	21.5 bp −$21	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
Backpack MON_USDC_PERP	−0.0268%	1h	0.02514	+0.205%	$110K	$157K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−0.158%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02508	−0.022%	$13K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02515	+0.225%	$73K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02516	+0.281%	$808K	$765K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02510	+0.023%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02516	+0.289%	$34.0M	$7.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02511	+0.100%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02511	+0.097%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02510	+0.045%	$139K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02512	+0.130%	$23.9M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02513	+0.161%	$21.0M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02512	+0.121%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02512	+0.121%	$940K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02513	+0.161%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02513	+0.161%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02511	+0.085%	$744K	$408K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02509	long leg	$41K	$251K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02511	+0.071%	$559K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02510	+0.042%	$68K	$543K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02516	+0.281%	$394K	$573K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02513	+0.161%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02514	+0.201%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02505	−0.158%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02514	+0.219%	$60K	$328K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02514	+0.201%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02515	+0.253%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02514	+0.201%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02516	+0.281%	$1.3M	$371K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02515	+0.241%	$119K	$2.2M	10x	as long as short
Aftermath Perps MONUSDshort	+0.0473%	1h	0.02509	+0.020%	$5K	$103K	10x
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02519	+0.404%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0795%	1h	0.02517	+0.310%	$270K	$118K	10x	as long as short