Funding you earn now, next payment 04:00 UTC+0.0249%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h −0.112%
Price spread now: Bulk against Backpack−0.032%7-day average −0.039% · 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−$92as in the Price arb table
costs, in and out, $10k−$920.924% of the position
Funding, last 4 days (all we have)−0.268%−$27 on $10k
+Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.032%, 7d avg −0.039%
=The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.268%, 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 | 0.02516 | −0.0149 | get 0.0019% / 1h | 57m 36s | $111K | $152K | 10x |
| Short | Bulk MON-USD | 0.02515 | 0.0100 | get 0.0013% / 1h | 57m 36s | $103K | $5K | 10x |
Backpack MON_USDC_PERP
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $52.23
- Price spread: −0.032% → −0.039%
- $0.72
- Slippage, 4 orders
- −$75.41
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$39.46
- Costs to cover
- 0.924%
- Break-even
- 12.3 days
Slippage from Backpack: live order book, just now; Bulk: live order book, 1 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, just now | 0.20 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 1 min ago | 19.80 bp | 45.0 bp −$45 | 81.7 bp −$817 | 179.7 bp −$18.0K | 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 | 0.02518 | +0.091% | $12K | $355K | 5x | as long as short |
| 01 Exchange MONUSD | −0.0192% | 1h | 0.02508 | −0.290% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0187% | 1h | 0.02517 | +0.032% | $68K | $126K | 25x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02528 | +0.485% | $5K | $108 | 5.5x | as long as short |
| Backpack MON_USDC_PERPlong | −0.0149% | 1h | 0.02516 | long leg | $111K | $152K | 10x | |
| Bybit MONUSDT | −0.0138% | 8h | 0.02511 | −0.191% | $20.7M | $13.2M | 50x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02522 | +0.254% | $105K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02517 | +0.048% | $16K | $41K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02512 | −0.151% | $837K | $735K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02508 | −0.309% | $8K | $42 | 5x | as long as short |
Phoenix MON
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
Bybit MONUSDT
Perpl MON
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 | 0.02515 | −0.016% | $411K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02512 | −0.167% | $34.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02515 | −0.045% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02514 | −0.069% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02510 | −0.223% | $139K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02510 | −0.231% | $23.9M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02510 | −0.231% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02515 | −0.032% | $103K | $5K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02511 | −0.191% | $950K | $968K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02516 | +0.008% | $2.8M | $746K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02512 | −0.151% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02515 | −0.013% | $747K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02517 | +0.048% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02524 | +0.319% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02518 | +0.087% | $67K | $504K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02515 | −0.032% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02510 | −0.230% | $52K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02517 | +0.068% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0245% | 1h | 0.02521 | +0.223% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02517 | +0.052% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02517 | +0.048% | $1.3M | $325K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02534 | +0.723% | $112K | $56K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0541% | 1h | 0.02520 | +0.159% | $268K | $113K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD