MON

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0209%/8h= −22.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.164%

Price spread now: dYdX against Backpack+0.278%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. dYdX is 0.278% dearer against Backpack than usual: you sell high and buy low (spread +0.278% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MON_USDC_PERP	0.02594	0.0309	pay 0.0039% / 1h	13m 11s	$138K	$137K	10x
Short	dYdX MON-USD	0.02602	0.0100	get 0.0013% / 1h	13m 11s	$13K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now +0.278%Rate

Funding earned: −$43.98
Price spread: +0.278% → 0.000%: $27.84
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$36.14
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Backpack: live order book, 10 min ago; dYdX: 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, 10 min ago	0.19 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0739%	1h	0.02599	+0.181%	$6K	$110	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0289%	1h	0.02595	+0.012%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0232%	1h	0.02597	+0.116%	$6K	$1K	5x	as long as short
Bybit MONUSDT	0.0000%	8h	0.02593	−0.069%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.173%	$14K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02594	−0.012%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02598	+0.124%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02596	+0.066%	$852K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02604	+0.376%	$384K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02597	+0.096%	$35.0M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02598	+0.162%	$108K	$233K	10x	as long as short
dYdX MON-USDshort	+0.0100%	1h	0.02602	+0.278%	$13K	—	5x
Pacifica MON	+0.0100%	1h	0.02600	+0.220%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02593	−0.042%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02591	−0.127%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02602	+0.297%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02598	+0.143%	$1.0M	$935K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02598	+0.143%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02596	+0.080%	$782K	$412K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02600	+0.233%	$48K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02598	+0.153%	$585K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02600	+0.220%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02593	−0.050%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02597	+0.114%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02593	−0.069%	$39K	—	3x	as long as short
BloFin MON-USDT	+0.0125%	4h	0.02599	+0.181%	$1.4M	$246K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02598	+0.127%	$268K	$67K	10x	as long as short
Aftermath Perps MONUSD	+0.0136%	1h	0.02599	+0.187%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02597	+0.100%	$9K	—	50x	as long as short
Backpack MON_USDC_PERPlong	+0.0309%	1h	0.02594	long leg	$138K	$137K	10x
KuCoin MONUSDTM	+0.0388%	4h	0.02600	+0.220%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02597	+0.096%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.478%	$114K	$50K	50x	as long as short