MON

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.091%

Price spread now: 01 Exchange against Backpack+0.117%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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. 01 Exchange is 0.117% dearer against Backpack than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.5 days.

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	0m 36s	$127K	$142K	10x
Short	01 Exchange MONUSD	0.02562	0.0048	get 0.0006% / 1h	0m 36s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.117%Rate

Funding earned: −$10.92
Price spread: +0.117% → 0.000%: $11.72
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$16.2
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 17 min ago; 01 Exchange: 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, 17 min ago	0.19 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Bybit MONUSDT	−0.0070%	8h	0.02558	−0.039%	$21.2M	$11.9M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.633%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02561	+0.106%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02558	−0.016%	$127K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02557	−0.082%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0035%	1h	0.02561	+0.100%	$2K	$74K	10x	as long as short
01 Exchange MONUSDshort	+0.0048%	1h	0.02562	+0.117%	$6K	$1K	5x
Orderly PERP_MON_USDC	+0.0066%	4h	0.02555	−0.149%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0089%	8h	0.02560	+0.055%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02561	+0.086%	$855K	$784K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02559	+0.006%	$388K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02561	+0.102%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02560	+0.063%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02560	+0.034%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02560	+0.063%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02560	+0.047%	$24.4M	$24.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02558	−0.031%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	−0.149%	$107K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02560	+0.047%	$991K	$879K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02563	+0.164%	$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	−0.221%	$770K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02560	+0.040%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02559	+0.008%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02560	+0.047%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02556	−0.109%	$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	0.02556	−0.129%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02559	−0.006%	$269K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02556	−0.098%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0260%	4h	0.02562	+0.125%	$3.0M	$706K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02559	+0.008%	$1.4M	$306K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02568	+0.363%	$113K	$50K	50x	as long as short