Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.035%
Price spread now: OKX against BloFin−0.280%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.280%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.211% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MON-USDT | 0.02498 | 0.0340 | pay 0.0170% / 4h | 1h 36m | $1.3M | $348K | 75x |
| Short | OKX MON-USDT-SWAP | 0.02491 | 0.0100 | get 0.0050% / 4h | 1h 36m | $4.2M | $6.1M | 50x |
BloFin MON-USDT
OKX MON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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: −0.280% → −0.069%
- −$21.14
- Slippage, 4 orders
- −$44.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$138.15
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; OKX: 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 BloFin live order book, 1 min ago | 2.00 bp | 19.5 bp −$19 | 35.8 bp −$358 | 158.7 bp −$15.9K | doesn't fit |
| Sell OKX live order book, 1 min ago | 4.01 bp | 18.9 bp −$19 | 76.3 bp −$763 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | 0.0000% | 1h | 0.02503 | +0.196% | $13K | $353K | 5x | as long as short |
| Bybit MONUSDT | +0.0058% | 8h | 0.02492 | −0.256% | $20.5M | $13.7M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0086% | 4h | 0.02496 | −0.080% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02494 | −0.160% | $800K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02494 | −0.142% | $7K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02499 | +0.036% | $397K | $572K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02494 | −0.155% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02494 | −0.147% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02496 | −0.064% | $138K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02491 | −0.269% | $23.7M | $27.5M | 75x | as long as short |
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MON-USDT-SWAPshort | +0.0100% | 4h | 0.02491 | −0.280% | $4.2M | $6.1M | 50x | |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | +0.080% | $103K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02493 | −0.200% | $933K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02499 | +0.040% | $2.8M | $762K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02494 | −0.160% | $2.7M | $2.2M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02496 | −0.096% | $111K | $155K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02496 | −0.098% | $741K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02493 | −0.199% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02500 | +0.080% | $555K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02498 | 0.000% | $68K | $534K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02496 | −0.080% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02496 | −0.065% | $48K | $266K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02496 | −0.100% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02503 | +0.200% | $5K | $110 | 5.5x | as long as short |
| Aftermath Perps MONUSD | +0.0207% | 1h | 0.02497 | −0.039% | $6K | $98K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02496 | −0.100% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0240% | 1h | 0.02496 | −0.064% | $7K | $2K | 5x | as long as short |
| BloFin MON-USDTlong | +0.0340% | 4h | 0.02498 | long leg | $1.3M | $348K | 75x | |
| Hyperliquid MON | +0.0405% | 1h | 0.02496 | −0.092% | $33.7M | $7.8M | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0431% | 1h | 0.02497 | −0.024% | $73K | $135K | 25x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02497 | −0.044% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02508 | +0.408% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0845% | 1h | 0.02500 | +0.085% | $269K | $118K | 10x | as long as short |
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
Hyperliquid MON
Deribit MON_USDC-PERPETUAL
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD