Funding you earn now, next payment 01:00 UTC−0.0644%/8h= −70.5% APRnext payment −$0.80 per $10,000 · paid last 24h −0.221%
Price spread now: ApeX Omni against Coinbase International−0.775%75s7-day average −0.514% · you buy dearer than you sell
Net, funding: paid 7d − costs−$405as 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−$3083.076% of the position
Funding, last 7 days−0.973%−$97 on $10k
+Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.775%, 7d avg −0.514%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and ApeX Omni is 0.260% cheaper against Coinbase International than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.514%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MON-PERP-INTX | 0.02556 | 0.0744 | pay 0.0093% / 1h | 5m 56s | $112K | $52K | 50x |
| Short | ApeX Omni MONUSDT | 0.02536 | 0.0100 | get 0.0013% / 1h | 5m 56s | $68K | $497K | 50x |
Coinbase International MON-PERP-INTX
ApeX Omni MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- −$135.24
- Price spread: −0.775% → −0.514%
- −$26.04
- Slippage, 4 orders
- −$287.63
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$468.9
- Costs to cover
- 3.076%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 62 min ago; ApeX Omni: live order book, 62 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 Coinbase International live order book, 62 min ago | 29.90 bp | 117.6 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 62 min ago | 13.51 bp | 22.5 bp −$22 | 120.5 bp −$1,205 | doesn't fit | doesn't fit |
MON on 32 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 | −0.0388% | 1h | 0.02546 | −0.383% | $6K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0094% | 8h | 0.02535 | −0.814% | $20.8M | $12.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02552 | −0.149% | $13K | $349K | 5x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02541 | −0.599% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0026% | 1h | 0.02539 | −0.642% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0073% | 4h | 0.02539 | −0.657% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02541 | −0.579% | $847K | $743K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02537 | −0.728% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02543 | −0.515% | $408K | $544K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02539 | −0.665% | $34.4M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02540 | −0.619% | $102K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02541 | −0.589% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02539 | −0.669% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02537 | −0.735% | $24.2M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02534 | −0.853% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02545 | −0.427% | $106K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02538 | −0.696% | $949K | $906K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02541 | −0.579% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02538 | −0.696% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02538 | −0.693% | $118K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02536 | −0.773% | $754K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02536 | −0.785% | $43K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02537 | −0.735% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDTshort | +0.0100% | 1h | 0.02536 | −0.775% | $68K | $497K | 50x | |
| SoDEX MON-USD | +0.0100% | 1h | 0.02538 | −0.696% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02539 | −0.672% | $49K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02539 | −0.677% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02538 | −0.681% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0287% | 1h | 0.02543 | −0.484% | $2K | $79K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02540 | −0.610% | $106K | $2.3M | 10x | as long as short |
| Coinbase International MON-PERP-INTXlong | +0.0744% | 1h | 0.02556 | long leg | $112K | $52K | 50x | |
| Kraken Futures PF_MONUSD | +0.0842% | 1h | 0.02540 | −0.619% | $268K | $97K | 10x | 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
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Kraken Futures PF_MONUSD