Funding you earn now, next payment 02:00 UTC−0.0950%/8h= −104.0% APRnext payment −$1.19 per $10,000 · paid last 24h 0.000%
Price spread now: ApeX Omni against Bulk−0.017%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$900.903% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.250%+$25 · spread now −0.017%, 7d avg +0.038%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and ApeX Omni is 0.055% cheaper against Bulk than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MON-USD | 0.02545 | 0.0100 | pay 0.0013% / 1h | 53m 24s | $106K | $4K | 10x |
| Short | ApeX Omni MONUSDT | 0.02545 | −0.0850 | pay 0.0106% / 1h | 53m 24s | $68K | $489K | 50x |
Bulk MON-USD
ApeX Omni MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bulk. 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
- −$199.4
- Price spread: −0.017% → +0.038%
- −$5.53
- Slippage, 4 orders
- −$73.33
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$295.25
- Costs to cover
- 0.903%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 15 min ago; ApeX Omni: live order book, 14 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 Bulk live order book, 15 min ago | 19.27 bp | 22.8 bp −$23 | 45.5 bp −$455 | 148.9 bp −$14.9K | doesn't fit |
| Sell ApeX Omni live order book, 14 min ago | 13.51 bp | 22.5 bp −$22 | 120.5 bp −$1,205 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MONUSDTshort | −0.0850% | 1h | 0.02545 | −0.017% | $68K | $489K | 50x | |
| Injective MON/USDC PERP | −0.0388% | 1h | 0.02541 | −0.174% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0072% | 1h | 0.02551 | +0.226% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02538 | −0.292% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02545 | −0.013% | $69K | $119K | 25x | as long as short |
| Bybit MONUSDT | +0.0053% | 8h | 0.02550 | +0.179% | $21.2M | $12.3M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0060% | 4h | 0.02551 | +0.218% | $16K | $59K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0094% | 8h | 0.02547 | +0.073% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02550 | +0.179% | $850K | $740K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02554 | +0.352% | $406K | $538K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02548 | +0.114% | $106K | $227K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02548 | +0.085% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02548 | +0.097% | $141K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02551 | +0.231% | $24.4M | $25.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02551 | +0.218% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02545 | long leg | $106K | $4K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02549 | +0.140% | $957K | $884K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02550 | +0.179% | $2.9M | $740K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02553 | +0.297% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02552 | +0.266% | $119K | $161K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02538 | −0.288% | $764K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02548 | +0.091% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02544 | −0.050% | $571K | $1.5M | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02548 | +0.101% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02550 | +0.171% | $49K | $520K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02547 | +0.042% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0429% | 1h | 0.02554 | +0.340% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02541 | −0.174% | $1.4M | $308K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0340% | 1h | 0.02555 | +0.365% | $4K | $74K | 10x | as long as short |
| Hyperliquid MON | +0.0385% | 1h | 0.02556 | +0.403% | $34.8M | $7.5M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02552 | +0.273% | $115K | $2.1M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02545 | −0.025% | $111K | $51K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0838% | 1h | 0.02553 | +0.281% | $278K | $88K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD