Funding you earn now, next payment 03:00 UTC+0.0390%/8h= +42.7% APRnext payment +$0.49 per $10,000 · paid last 24h +0.182%
Price spread now: Kraken Futures against Bulk+0.401%7-day average +0.099% · 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−$90as in the Price arb table
costs, in and out, $10k−$1201.204% of the position
Funding, last 4 days (all we have)+0.602%+$60 on $10k
+Price spread, last 4 days (all we have)+0.162%+$16 · spread now +0.401%, 7d avg +0.099%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.302% dearer against Bulk than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MON-USD | 0.02530 | 0.0100 | pay 0.0013% / 1h | 41m 34s | $105K | $4K | 10x |
| Short | Kraken Futures PF_MONUSD | 0.02540 | 0.0490 | get 0.0061% / 1h | 41m 34s | $271K | $100K | 10x |
Bulk MON-USD
Kraken Futures PF_MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $81.85
- Price spread: +0.401% → +0.099%
- $30.19
- Slippage, 4 orders
- −$103.44
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$8.41
- Costs to cover
- 1.204%
- Break-even
- 7.7 days
Slippage from Bulk: live order book, 22 min ago; Kraken Futures: live order book, 21 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, 22 min ago | 19.72 bp | 23.2 bp −$23 | 58.1 bp −$581 | 134.3 bp −$13.4K | doesn't fit |
| Sell Kraken Futures live order book, 21 min ago | 27.57 bp | 35.6 bp −$36 | 507.0 bp −$5,070 | 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 | −0.0316% | 1h | 0.02530 | 0.000% | $13K | $367K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02531 | +0.040% | $5K | $106 | 5.5x | as long as short |
| Backpack MON_USDC_PERP | −0.0246% | 1h | 0.02538 | +0.332% | $114K | $152K | 10x | as long as short |
| Bybit MONUSDT | −0.0141% | 8h | 0.02525 | −0.194% | $20.7M | $12.9M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0064% | 1h | 0.02530 | 0.000% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02538 | +0.316% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0076% | 4h | 0.02537 | +0.277% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02529 | −0.040% | $843K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02528 | −0.075% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02531 | +0.025% | $408K | $540K | 10x | as long as short |
Phoenix MON
Injective MON/USDC PERP
Backpack 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 | 0.02530 | +0.004% | $34.3M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02529 | −0.020% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02532 | +0.071% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02527 | −0.103% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02528 | −0.079% | $24.1M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02527 | −0.119% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02530 | long leg | $105K | $4K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02527 | −0.119% | $945K | $916K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02534 | +0.158% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02529 | −0.040% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02523 | −0.274% | $749K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02536 | +0.249% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02537 | +0.282% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02537 | +0.277% | $68K | $501K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02537 | +0.277% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02531 | +0.027% | $50K | $521K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02537 | +0.265% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02538 | +0.320% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0279% | 1h | 0.02534 | +0.160% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02530 | 0.000% | $1.3M | $307K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02539 | +0.356% | $107K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.0490% | 1h | 0.02540 | +0.401% | $271K | $100K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02542 | +0.466% | $111K | $52K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
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
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX