Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0504%/8h= +55.2% APRpaid last 24h +0.114%

Price spread now: Aftermath Perps against KuCoin−0.167%7-day average — · 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−$144as in the Price arb table

costs, in and out, $10k−$1271.273% of the position

Long on KuCoin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Aftermath Perps is 0.167% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.167% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 27 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	KuCoin MONUSDTM	0.02505	0.0100	pay 0.0050% / 4h	17m 54s	$2.9M	$766K	75x
Short	Aftermath Perps MONUSD	0.02501	0.0604	get 0.0075% / 1h	17m 54s	$4K	$102K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. 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 KuCoinbpFee Aftermath PerpsbpOrdersPrice spread, now −0.167%Rate

Funding earned: $105.78
Price spread: −0.167% → 0.000%: −$16.73
Slippage, 4 orders: −$106.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$38.25
Costs to cover: 1.273%
Break-even: 9.5 days

Slippage from KuCoin: live order book, 9 min ago; Aftermath Perps: live order book, 21 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 KuCoin live order book, 9 min ago	13.99 bp	34.6 bp −$35	858.6 bp −$8,586	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 21 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
Injective MON/USDC PERP	−0.0032%	1h	0.02503	−0.080%	$5K	$111	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02497	−0.307%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02505	0.000%	$122K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02504	−0.024%	$73K	$138K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02505	0.000%	$803K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02503	−0.065%	$8K	$42	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02501	−0.144%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02499	−0.235%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02504	−0.028%	$139K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02503	−0.080%	$23.8M	$27.6M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02502	−0.116%	$20.8M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02502	−0.120%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02503	−0.080%	$938K	$1.1M	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02505	long leg	$2.9M	$766K	75x
Bitget MONUSDT	+0.0100%	4h	0.02503	−0.080%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02505	0.000%	$109K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02492	−0.516%	$740K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02493	−0.459%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02497	−0.319%	$556K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02497	−0.319%	$68K	$540K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02508	+0.112%	$393K	$578K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02504	−0.040%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	−0.040%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.213%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02507	+0.074%	$47K	$314K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02503	−0.092%	$38K	—	3x	as long as short
Hyperliquid MON	+0.0158%	1h	0.02507	+0.096%	$33.9M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02505	+0.008%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02503	−0.084%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.040%	$1.3M	$334K	75x	as long as short
Aftermath Perps MONUSDshort	+0.0604%	1h	0.02501	−0.167%	$4K	$102K	10x
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.391%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1203%	1h	0.02506	+0.035%	$269K	$118K	10x	as long as short