MON

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0386%/8h= +42.3% APRnext payment +$0.48 per $10,000 · paid last 24h −0.100%

Price spread now: Extended against Backpack+0.015%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.717%−$72 on $10k

Price spread, last 4 days (all we have)+0.360%+$36 · spread now +0.015%, 7d avg +0.082%

Together, before fees−0.358%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.067% cheaper against Backpack than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.082%). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.717%, 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	0.02506	−0.0282	get 0.0035% / 1h	32m 59s	$113K	$152K	10x
Short	Extended MON-USD	0.02506	0.0104	get 0.0013% / 1h	32m 59s	$48K	$521K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.015%Rate

Funding earned: $81.04
Price spread: +0.015% → +0.082%: −$6.73
Slippage, 4 orders: −$67.1
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.79
Costs to cover: 0.821%
Break-even: 7.7 days

Slippage from Backpack: live order book, 25 min ago; Extended: live order book, 25 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, 25 min ago	0.20 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 25 min ago	5.98 bp	29.0 bp −$29	229.2 bp −$2,292	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
01 Exchange MONUSD	−0.0392%	1h	0.02503	−0.124%	$6K	$1K	5x	as long as short
Backpack MON_USDC_PERPlong	−0.0282%	1h	0.02506	long leg	$113K	$152K	10x
Injective MON/USDC PERP	−0.0176%	1h	0.02498	−0.307%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0169%	8h	0.02503	−0.124%	$20.6M	$13.3M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02501	−0.204%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02503	−0.092%	$107K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02505	−0.044%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0071%	4h	0.02503	−0.108%	$16K	$41K	10x	as long as short
Variational Omni MON	+0.0074%	8h	0.02489	−0.684%	$737K	$407K	—	as long as short
Paradex MON-USD-PERP	+0.0090%	8h	0.02499	−0.258%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02504	−0.068%	$843K	$749K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02503	−0.127%	$429K	$572K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02506	+0.008%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02503	−0.101%	$100K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02502	−0.159%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02501	−0.180%	$138K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02503	−0.089%	$23.8M	$26.8M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02505	−0.028%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02495	−0.437%	$102K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02503	−0.108%	$949K	$984K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02504	−0.068%	$2.8M	$752K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02507	+0.052%	$2.7M	$2.2M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02496	−0.379%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02499	−0.254%	$560K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02498	−0.307%	$67K	$508K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	−0.068%	$5K	$6K	5x	as long as short
Extended MON-USDshort	+0.0104%	1h	0.02506	+0.015%	$48K	$521K	10x
Aevo MON-PERP	+0.0104%	1h	0.02503	−0.120%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0253%	1h	0.02500	−0.240%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02503	−0.100%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02501	−0.188%	$1.3M	$337K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02514	+0.311%	$110K	$57K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0543%	1h	0.02507	+0.059%	$269K	$114K	10x	as long as short