Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.024%
Price spread now: BloFin against Binance−0.234%81s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$680.680% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)+1.068%+$107 · spread now −0.234%, 7d avg +0.024%
=Funding pays, the price is against you. BloFin is 0.258% cheaper against Binance than usual: you would sell low and buy high (spread −0.234% now, against its 7-day average of +0.024%). If the spread goes back, that is −$26 on $10k: about 3.6 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.180% in total) that is about 10 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MONUSDT | 0.02536 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $24.2M | $26.0M | 75x |
| Short | BloFin MON-USDT | 0.02530 | 0.0340 | get 0.0170% / 4h | 1h 43m | $1.3M | $307K | 75x |
Binance MONUSDT
BloFin MON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $50.4
- Price spread: −0.234% → +0.024%
- −$25.77
- Slippage, 4 orders
- −$45.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$43.35
- Costs to cover
- 0.680%
- Break-even
- 13.0 days
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 69 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 Binance live order book, 12 min ago | 1.98 bp | 16.0 bp −$16 | 51.2 bp −$512 | 485.2 bp −$48.5K | doesn't fit |
| Sell BloFin live order book, 69 min ago | 5.87 bp | 15.6 bp −$16 | 47.6 bp −$476 | 149.0 bp −$14.9K | 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 | 0.02530 | −0.234% | $13K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0256% | 1h | 0.02536 | −0.005% | $114K | $152K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02531 | −0.194% | $5K | $106 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0127% | 8h | 0.02533 | −0.116% | $20.8M | $12.9M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02534 | −0.080% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02534 | −0.056% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0076% | 4h | 0.02534 | −0.076% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02535 | −0.037% | $845K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02536 | +0.014% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02536 | +0.012% | $408K | $539K | 10x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02538 | +0.066% | $34.4M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02535 | −0.043% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02539 | +0.112% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02537 | +0.042% | $140K | $93K | 3x | as long as short |
| Binance MONUSDTlong | +0.0100% | 4h | 0.02536 | long leg | $24.2M | $26.0M | 75x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02534 | −0.076% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | −0.234% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02535 | −0.037% | $948K | $916K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02534 | −0.076% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02537 | +0.042% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02523 | −0.508% | $749K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02525 | −0.421% | $43K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02529 | −0.280% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02529 | −0.273% | $68K | $498K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02533 | −0.116% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02538 | +0.096% | $50K | $521K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02534 | −0.068% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02533 | −0.108% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0290% | 1h | 0.02532 | −0.147% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDTshort | +0.0340% | 4h | 0.02530 | −0.234% | $1.3M | $307K | 75x | |
| Perpl MON | +0.0447% | 43m | 0.02534 | −0.056% | $106K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0491% | 1h | 0.02536 | +0.006% | $270K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02530 | −0.254% | $111K | $52K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
OKX MON-USDT-SWAP
Bulk MON-USD
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
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX