Funding you earn now, next payment 03:00 UTC+0.0368%/8h= +40.3% APRnext payment +$0.46 per $10,000 · paid last 24h −0.112%
Price spread now: ApeX Omni against Backpack+0.324%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days−0.761%−$76 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.324%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and ApeX Omni is 0.337% dearer against Backpack than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.761%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MON_USDC_PERP | 0.02529 | −0.0268 | get 0.0034% / 1h | 19m 09s | $112K | $151K | 10x |
| Short | ApeX Omni MONUSDT | 0.02537 | 0.0100 | get 0.0013% / 1h | 19m 09s | $68K | $501K | 50x |
Backpack MON_USDC_PERP
ApeX Omni MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $77.32
- Price spread: +0.324% → −0.013%
- $33.71
- Slippage, 4 orders
- −$38.59
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $52.44
- Costs to cover
- 0.586%
- Break-even
- 2.3 days
Slippage from Backpack: live order book, 44 min ago; ApeX Omni: live order book, 43 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 Backpack live order book, 44 min ago | 0.99 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 43 min ago | 9.85 bp | 18.4 bp −$18 | 109.4 bp −$1,094 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02531 | +0.083% | $12K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERPlong | −0.0268% | 1h | 0.02529 | long leg | $112K | $151K | 10x | |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02535 | +0.245% | $6K | $111 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0160% | 8h | 0.02527 | −0.071% | $20.7M | $13.1M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0008% | 1h | 0.02528 | −0.032% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02532 | +0.111% | $105K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02530 | +0.047% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0084% | 4h | 0.02530 | +0.047% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02532 | +0.127% | $844K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02529 | −0.002% | $8K | $42 | 5x | as long as short |
Phoenix MON
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02533 | +0.154% | $413K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02532 | +0.127% | $34.3M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02531 | +0.072% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02531 | +0.097% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02530 | +0.028% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02530 | +0.047% | $24.1M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02529 | +0.008% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.347% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02530 | +0.047% | $944K | $959K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02532 | +0.127% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02531 | +0.087% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02531 | +0.088% | $753K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02534 | +0.207% | $42K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02530 | +0.049% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDTshort | +0.0100% | 1h | 0.02537 | +0.324% | $68K | $501K | 50x | |
| SoDEX MON-USD | +0.0100% | 1h | 0.02529 | +0.008% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02531 | +0.100% | $48K | $518K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02528 | −0.012% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0231% | 1h | 0.02531 | +0.106% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02530 | +0.059% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02527 | −0.071% | $1.3M | $320K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0491% | 1h | 0.02533 | +0.183% | $271K | $110K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02541 | +0.490% | $112K | $58K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX