Funding you earn now, next payment 04:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.013%
Price spread now: Gate against Bybit+0.079%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$820.817% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now +0.079%, 7d avg +0.101%
=Funding pays, the price is against you. Gate is 0.022% cheaper against Bybit than usual: you would sell low and buy high (spread +0.079% now, against its 7-day average of +0.101%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.094% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment. 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 | Bybit MONUSDT | 0.02528 | −0.0160 | get 0.0160% / 8h | 5h 19m | $20.7M | $13.1M | 50x |
| Short | Gate MON_USDT | 0.02530 | 0.0100 | get 0.0050% / 4h | 1h 19m | $944K | $959K | 50x |
Bybit MONUSDT
Gate MON_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $54.58
- Price spread: +0.079% → +0.101%
- −$2.15
- Slippage, 4 orders
- −$55.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$29.25
- Costs to cover
- 0.817%
- Break-even
- 10.8 days
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 43 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 | 3.96 bp | 19.4 bp −$19 | 54.0 bp −$540 | doesn't fit | doesn't fit |
| Sell Gate live order book, 43 min ago | 3.94 bp | 21.6 bp −$22 | 306.9 bp −$3,069 | 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 | 0.02531 | +0.115% | $12K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0268% | 1h | 0.02529 | +0.032% | $112K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02535 | +0.277% | $6K | $111 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0185% | 1h | 0.02529 | +0.047% | $68K | $125K | 25x | as long as short |
| Bybit MONUSDTlong | −0.0160% | 8h | 0.02528 | long leg | $20.7M | $13.1M | 50x | |
| 01 Exchange MONUSD | −0.0008% | 1h | 0.02528 | 0.000% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02532 | +0.142% | $105K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0084% | 4h | 0.02530 | +0.079% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02532 | +0.158% | $844K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02529 | +0.030% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Perpl MON
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02533 | +0.186% | $413K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02532 | +0.158% | $34.3M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02531 | +0.112% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02531 | +0.128% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02530 | +0.059% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02529 | +0.040% | $24.0M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02528 | 0.000% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.316% | $103K | $5K | 10x | as long as short |
| Gate MON_USDTshort | +0.0100% | 4h | 0.02530 | +0.079% | $944K | $959K | 50x | |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02533 | +0.198% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02532 | +0.158% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02531 | +0.120% | $753K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02534 | +0.239% | $42K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02530 | +0.080% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02537 | +0.356% | $68K | $501K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02527 | −0.040% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02532 | +0.160% | $48K | $518K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02528 | +0.016% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0231% | 1h | 0.02531 | +0.138% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02530 | +0.091% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02535 | +0.277% | $1.3M | $321K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0491% | 1h | 0.02532 | +0.172% | $271K | $110K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02541 | +0.522% | $112K | $56K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
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
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX