Funding you earn now, next payment 23:00 UTC−0.0292%/8h= −31.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.155%
Price spread now: Aevo against Backpack−0.301%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aevo is 0.301% cheaper against Backpack than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | Backpack MON_USDC_PERP | 0.02595 | 0.0396 | pay 0.0049% / 1h | 39m 21s | $139K | $136K | 10x |
| Short | Aevo MON-PERP | 0.02588 | 0.0104 | get 0.0013% / 1h | 39m 21s | $39K | — | 3x |
Backpack MON_USDC_PERP
Aevo MON-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$61.23
- Price spread: −0.301% → 0.000%
- −$30.05
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$117.28
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 44 min ago; Aevo: 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 Backpack live order book, 44 min ago | 0.19 bp | 14.3 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | −0.0053% | 1h | 0.02582 | −0.516% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0037% | 8h | 0.02586 | −0.362% | $21.5M | $11.8M | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0020% | 1h | 0.02589 | −0.239% | $70K | $119K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0008% | 1h | 0.02592 | −0.143% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02590 | −0.200% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02591 | −0.154% | $144K | $1.8M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0027% | 1h | 0.02590 | −0.218% | $2K | $74K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0073% | 4h | 0.02587 | −0.324% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0076% | 8h | 0.02590 | −0.214% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02591 | −0.170% | $858K | $773K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Phoenix MON
Perpl MON
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02594 | −0.058% | $35.1M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02591 | −0.173% | $108K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02593 | −0.087% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02592 | −0.131% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02588 | −0.275% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02586 | −0.362% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02585 | −0.385% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02592 | −0.131% | $1.0M | $863K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02591 | −0.170% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02587 | −0.316% | $780K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02589 | −0.248% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02592 | −0.146% | $583K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02590 | −0.208% | $69K | $480K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02595 | −0.014% | $389K | $537K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02588 | −0.285% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02592 | −0.133% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERPshort | +0.0104% | 1h | 0.02588 | −0.301% | $39K | — | 3x | |
| Kraken Futures PF_MONUSD | +0.0173% | 1h | 0.02590 | −0.195% | $267K | $70K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02591 | −0.154% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02588 | −0.285% | $1.4M | $294K | 75x | as long as short |
| KuCoin MONUSDTM | +0.0358% | 4h | 0.02598 | +0.100% | $3.3M | $727K | 75x | as long as short |
| Backpack MON_USDC_PERPlong | +0.0396% | 1h | 0.02595 | long leg | $139K | $136K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +0.435% | $114K | $49K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX