Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.030%
Price spread now: Deribit against Bybit+0.233%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$720.719% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.233% dearer against Bybit than usual: you sell high and buy low, +$23 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MONUSDT | 0.02573 | 0.0002 | pay 0.0002% / 8h | 2h 52m | $21.5M | $11.8M | 50x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02579 | 0 | get 0.0000% / 1h | 52m 45s | $62K | $104K | 25x |
Bybit MONUSDT
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- −$0.42
- Price spread: +0.233% → 0.000%
- $23.32
- Slippage, 4 orders
- −$53.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$49.02
- Costs to cover
- 0.719%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Deribit: live order book, 11 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 Bybit live order book, 1 min ago | 3.88 bp | 21.5 bp −$22 | 72.1 bp −$721 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 11 min ago | 8.25 bp | 14.3 bp −$14 | 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 | −0.0739% | 1h | 0.02587 | +0.548% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0184% | 1h | 0.02583 | +0.373% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02574 | +0.027% | $13K | $384K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02579 | +0.233% | $62K | $104K | 25x | |
| Bybit MONUSDTlong | +0.0002% | 8h | 0.02573 | long leg | $21.5M | $11.8M | 50x | |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02576 | +0.120% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02576 | +0.120% | $844K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02573 | +0.013% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02581 | +0.301% | $348K | $536K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02579 | +0.225% | $34.7M | $7.4M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02577 | +0.153% | $107K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02577 | +0.161% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02575 | +0.082% | $142K | $108K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02574 | +0.056% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02573 | +0.004% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02610 | +1.442% | $110K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02576 | +0.120% | $999K | $926K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02576 | +0.120% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02579 | +0.256% | $775K | $403K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02586 | +0.499% | $48K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02587 | +0.566% | $582K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02587 | +0.548% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02576 | +0.120% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02578 | +0.217% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02574 | +0.043% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02579 | +0.222% | $258K | $59K | 10x | as long as short |
| BloFin MON-USDT | +0.0132% | 4h | 0.02575 | +0.082% | $1.4M | $241K | 75x | as long as short |
| Backpack MON_USDC_PERP | +0.0161% | 1h | 0.02578 | +0.183% | $136K | $138K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0313% / S −0.1052% | 1h | 0.02580 | +0.276% | $13K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0360% | 4h | 0.02582 | +0.354% | $3.1M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0415% | 1h | 0.02590 | +0.660% | $2K | $73K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02579 | +0.233% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +2.037% | $115K | $51K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
BloFin MON-USDT
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX