MON

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.212%

Price spread now: Coinbase International against Bulk+0.250%7-day average +0.531% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Bulk Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.618%+$62 on $10k

Price spread, last 4 days (all we have)+0.487%+$49 · spread now +0.250%, 7d avg +0.531%

Together, before fees+1.105%+$110 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.281% cheaper against Bulk than usual: you would sell low and buy high (spread +0.250% now, against its 7-day average of +0.531%). If the spread goes back, that is −$28 on $10k: about 3.5 days of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.618% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MON-USD	0.02520	0.0100	pay 0.0013% / 1h	33m 03s	$103K	$2K	10x
Short	Coinbase International MON-PERP-INTX	0.02526	0.0368	get 0.0046% / 1h	33m 03s	$110K	$57K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bulk. 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 BulkbpFee Coinbase InternationalbpOrdersPrice spread, now +0.250%Rate

Funding earned: $56.28
Price spread: +0.250% → +0.531%: −$28.05
Slippage, 4 orders: −$80.05
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$68.82
Costs to cover: 0.971%
Break-even: 15.6 days

Slippage from Bulk: live order book, 21 min ago; Coinbase International: live order book, 20 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, 21 min ago	19.80 bp	23.3 bp −$23	58.8 bp −$588	235.8 bp −$23.6K	doesn't fit
Sell Coinbase International live order book, 20 min ago	17.19 bp	27.5 bp −$27	doesn't fit	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
Injective MON/USDC PERP	−0.0203%	1h	0.02523	+0.119%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0026%	8h	0.02519	−0.020%	$20.7M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02522	+0.075%	$12K	$358K	5x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02521	+0.040%	$16K	$48K	10x	as long as short
Backpack MON_USDC_PERP	+0.0091%	1h	0.02522	+0.063%	$112K	$151K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02522	+0.079%	$845K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02520	−0.017%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02522	+0.093%	$412K	$584K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02522	+0.079%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02521	+0.036%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02521	+0.031%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02520	+0.008%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02520	+0.008%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02520	0.000%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USDlong	+0.0100%	1h	0.02520	long leg	$103K	$2K	10x
Gate MON_USDT	+0.0100%	4h	0.02521	+0.040%	$943K	$982K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02524	+0.159%	$2.9M	$761K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02522	+0.079%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02519	−0.057%	$746K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02521	+0.041%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02523	+0.114%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02523	+0.119%	$68K	$518K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02521	+0.040%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02522	+0.096%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02520	−0.008%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0200%	1h	0.02522	+0.091%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0226%	1h	0.02521	+0.048%	$74K	$136K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02520	−0.012%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0324%	1h	0.02521	+0.044%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02521	+0.040%	$1.3M	$340K	75x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0368%	1h	0.02526	+0.250%	$110K	$57K	50x
Perpl MON	+0.0447%	43m	0.02521	+0.028%	$114K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0723%	1h	0.02524	+0.146%	$271K	$113K	10x	as long as short