Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.156%
Price spread now: Binance against Backpack−0.022%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days−0.714%−$71 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.022%, 7d avg −0.025%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MON_USDC_PERP | 0.02559 | 0.0100 | pay 0.0013% / 1h | 2m 35s | $127K | $142K | 10x |
| Short | Binance MONUSDT | 0.02559 | 0.0100 | get 0.0050% / 4h | 1h 02m | $24.4M | $24.9M | 75x |
Backpack MON_USDC_PERP
Binance MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.022% → −0.025%
- $0.34
- Slippage, 4 orders
- −$34
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$53.66
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 15 min ago; Binance: live order book, 9 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, 15 min ago | 0.19 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.95 bp | 14.7 bp −$15 | 61.7 bp −$617 | 306.3 bp −$30.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | −0.0068% | 8h | 0.02556 | −0.117% | $21.1M | $11.9M | 50x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02575 | +0.613% | $6K | $109 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02561 | +0.086% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02562 | +0.090% | $128K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02561 | +0.051% | $69K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0032% | 1h | 0.02563 | +0.143% | $2K | $74K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0048% | 1h | 0.02559 | −0.016% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0066% | 4h | 0.02559 | −0.012% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0089% | 8h | 0.02558 | −0.059% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02560 | +0.027% | $854K | $784K | 10x | as long as short |
Bybit MONUSDT
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
01 Exchange 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 | 0.02561 | +0.078% | $34.6M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02560 | +0.036% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02560 | +0.014% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02560 | +0.020% | $141K | $104K | 3x | as long as short |
| Binance MONUSDTshort | +0.0100% | 4h | 0.02559 | −0.022% | $24.4M | $24.9M | 75x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02557 | −0.090% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02569 | +0.362% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02559 | −0.012% | $990K | $879K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02560 | +0.027% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERPlong | +0.0100% | 1h | 0.02559 | long leg | $127K | $142K | 10x | |
| Variational Omni MON | +0.0100% | 8h | 0.02553 | −0.240% | $770K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02557 | −0.071% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02559 | −0.012% | $574K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02553 | −0.246% | $68K | $482K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02562 | +0.107% | $389K | $543K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02560 | +0.027% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02561 | +0.080% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02560 | +0.027% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0175% | 1h | 0.02564 | +0.182% | $269K | $78K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02560 | +0.012% | $8K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0268% | 4h | 0.02563 | +0.145% | $3.0M | $707K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02563 | +0.145% | $1.4M | $306K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02565 | +0.215% | $113K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
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
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
BloFin MON-USDT
Coinbase International MON-PERP-INTX