Funding you earn now, next payment 21:00 UTC−0.0493%/8h= −54.0% APRpaid last 24h −0.209%
Price spread now: BloFin against Coinbase International−0.399%58s7-day average −0.449% · you buy dearer than you sell
Net, funding: paid 7d − costs−$395as 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−$3213.211% of the position
Funding, last 7 days−0.740%−$74 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.399%, 7d avg −0.449%
=The price spread pays, funding is against you. BloFin is 0.049% dearer against Coinbase International than usual: you sell high and buy low (spread −0.399% now, against its 7-day average of −0.449%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 58 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 | 0.02604 | 0.0648 | pay 0.0081% / 1h | 35m 52s | $115K | $51K | 50x |
| Short | BloFin MON-USDT | 0.02594 | 0.0155 | get 0.0078% / 4h | 2h 35m | $1.4M | $243K | 75x |
Coinbase International MON-PERP-INTX
BloFin MON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$103.5
- Price spread: −0.399% → −0.449%
- $4.94
- Slippage, 4 orders
- −$299.05
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$419.61
- Costs to cover
- 3.211%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 51 min ago; BloFin: live order book, 2 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, 51 min ago | 39.55 bp | 138.9 bp −$139 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 5.78 bp | 24.8 bp −$25 | 56.3 bp −$563 | 184.6 bp −$18.5K | 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 | −0.668% | $6K | $107 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0289% | 1h | 0.02596 | −0.334% | $63K | $110K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0240% | 1h | 0.02593 | −0.445% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02587 | −0.660% | $13K | $384K | 5x | as long as short |
| Bybit MONUSDT | +0.0005% | 8h | 0.02593 | −0.438% | $21.6M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02593 | −0.438% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02594 | −0.403% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02596 | −0.323% | $850K | $753K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02597 | −0.266% | $364K | $533K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02597 | −0.288% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
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 | 0.02596 | −0.333% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02597 | −0.267% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02595 | −0.346% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02595 | −0.361% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02594 | −0.399% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02581 | −0.905% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02596 | −0.323% | $1.0M | $931K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02597 | −0.284% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02584 | −0.802% | $777K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02584 | −0.768% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02588 | −0.628% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02587 | −0.668% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02594 | −0.399% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02596 | −0.315% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02593 | −0.426% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02597 | −0.285% | $268K | $67K | 10x | as long as short |
| BloFin MON-USDTshort | +0.0155% | 4h | 0.02594 | −0.399% | $1.4M | $243K | 75x | |
| Backpack MON_USDC_PERP | +0.0248% | 1h | 0.02595 | −0.353% | $137K | $137K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02596 | −0.303% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0267% | 1h | 0.02590 | −0.551% | $2K | $73K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0338% | 4h | 0.02602 | −0.092% | $3.2M | $745K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02595 | −0.369% | $146K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTXlong | +0.0648% | 1h | 0.02604 | long leg | $115K | $51K | 50x |
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
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
KuCoin MONUSDTM
Perpl MON