Funding you earn now, next payment 12:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.013%
Price spread now: edgeX against Bybit+0.283%51s7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.783% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.283%, 7d avg +0.063%
=Together, before fees−0.112%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.220% dearer against Bybit than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.063%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MONUSDT | 0.02507 | −0.0161 | get 0.0161% / 8h | 4h 52m | $21.3M | $13.2M | 50x |
| Short | edgeX MONUSDC | 0.02514 | 0.0100 | get 0.0050% / 4h | 52m 41s | $42K | $249K | 10x |
Bybit MONUSDT
edgeX MONUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $54.77
- Price spread: +0.283% → +0.063%
- $21.95
- Slippage, 4 orders
- −$58.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$1.56
- Costs to cover
- 0.783%
- Break-even
- 7.2 days
Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 53 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, 4 min ago | 3.97 bp | 22.6 bp −$23 | 69.8 bp −$698 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 53 min ago | 7.97 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
MON on 33 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0368% | 1h | 0.02507 | +0.008% | $6K | $2K | 5x | as long as short |
| Phoenix MON | −0.0316% | 1h | 0.02517 | +0.387% | $12K | $284K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0227% | 1h | 0.02512 | +0.211% | $80K | $119K | 25x | as long as short |
| Backpack MON_USDC_PERP | −0.0185% | 1h | 0.02514 | +0.271% | $113K | $144K | 10x | as long as short |
| Bybit MONUSDTlong | −0.0161% | 8h | 0.02507 | long leg | $21.3M | $13.2M | 50x | |
| Perpl MON | 0.0000% | 43m | 0.02513 | +0.227% | $116K | $2.1M | 10x | as long as short |
| Injective MON/USDC PERP | +0.0033% | 1h | 0.02541 | +1.352% | $6K | $92 | 5.5x | as long as short |
| Paradex MON-USD-PERP | +0.0040% | 8h | 0.02509 | +0.095% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02513 | +0.235% | $824K | $676K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02511 | +0.156% | $33.7M | $6.1M | 5x | as long as short |
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Backpack MON_USDC_PERP
Perpl MON
Injective MON/USDC PERP
Paradex MON-USD-PERP
Lighter MON
Hyperliquid MONShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02512 | +0.187% | $99K | $204K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02512 | +0.188% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02511 | +0.156% | $139K | $85K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02509 | +0.088% | $24.1M | $26.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02510 | +0.116% | $4.2M | $5.7M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.515% | $103K | $238 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02512 | +0.195% | $1.1M | $1.2M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02513 | +0.235% | $2.9M | $693K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02512 | +0.195% | $2.8M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02516 | +0.368% | $751K | $365K | — | as long as short |
| edgeX MONUSDCshort | +0.0100% | 4h | 0.02514 | +0.283% | $42K | $249K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02518 | +0.435% | $565K | $1.4M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02519 | +0.475% | $68K | $548K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02513 | +0.246% | $401K | $575K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02513 | +0.235% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02512 | +0.195% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02511 | +0.156% | $58K | $317K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02511 | +0.176% | $38K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0206% | 1h | 0.02515 | +0.328% | $275K | $126K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02514 | +0.255% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02513 | +0.235% | $1.4M | $379K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0389% | 1h | 0.02522 | +0.589% | $5K | $97K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0632% | 1h | 0.02538 | +1.217% | $107K | $55K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX