Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against SoDEX+0.185%56s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.185% dearer against SoDEX than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MON-USD	0.02484	0.0100	pay 0.0013% / 1h	35m 32s	$5K	$6K	5x
Short	Aster MONUSDT	0.02489	0.0100	get 0.0050% / 4h	2h 35m	$98K	$220K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.185%Rate

Funding earned: $0
Price spread: +0.185% → 0.000%: $18.47
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.47
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 11 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 11 min ago	14.04 bp	28.4 bp −$28	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Backpack MON_USDC_PERP	−0.0132%	1h	0.02487	+0.125%	$115K	$156K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02484	−0.012%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02485	+0.048%	$73K	$136K	25x	as long as short
Bybit MONUSDT	+0.0005%	8h	0.02488	+0.177%	$20.4M	$13.6M	50x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02492	+0.318%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02496	+0.483%	$5K	$111	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02485	+0.040%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02490	+0.242%	$833K	$743K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02492	+0.334%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02495	+0.434%	$406K	$580K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02492	+0.326%	$33.4M	$7.6M	5x	as long as short
Aster MONUSDTshort	+0.0100%	4h	0.02489	+0.185%	$98K	$220K	10x
dYdX MON-USD	+0.0100%	1h	0.02486	+0.076%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02490	+0.258%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02490	+0.242%	$23.7M	$27.3M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02491	+0.282%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02490	+0.242%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02490	+0.242%	$930K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02492	+0.322%	$2.9M	$765K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02493	+0.362%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02482	−0.076%	$737K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02483	−0.029%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02488	+0.147%	$560K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02487	+0.121%	$68K	$529K	50x	as long as short
SoDEX MON-USDlong	+0.0100%	1h	0.02484	long leg	$5K	$6K	5x
Extended MON-USD	+0.0104%	1h	0.02494	+0.408%	$47K	$288K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02483	−0.020%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0221%	1h	0.02487	+0.120%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02490	+0.258%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02481	−0.121%	$1.3M	$343K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02492	+0.338%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.852%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1023%	1h	0.02488	+0.162%	$267K	$114K	10x	as long as short