MON

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0380%/8h= −41.6% APRnext payment −$0.48 per $10,000 · paid last 24h −0.220%

Price spread now: Bulk against Coinbase International−0.921%7-day average −0.504% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.588%−$59 on $10k

Price spread, last 3 days (all we have)+0.229%+$23 · spread now −0.921%, 7d avg −0.504%

Together, before fees−0.359%−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bulk is 0.418% cheaper against Coinbase International than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.504%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02609	0.0480	pay 0.0060% / 1h	35m 27s	$115K	$50K	50x
Short	Bulk MON-USD	0.02585	0.0100	get 0.0013% / 1h	35m 27s	$108K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BulkbpOrdersPrice spread, now −0.921%Rate

Funding earned: −$79.8
Price spread: −0.921% → −0.504%: −$41.77
Slippage, 4 orders: −$75.8
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$214.37
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 42 min ago; Bulk: 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 Coinbase International live order book, 42 min ago	15.92 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 43 min ago	19.42 bp	22.9 bp −$23	64.0 bp −$640	161.5 bp −$16.1K	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	−0.0121%	1h	0.02575	−1.299%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0056%	1h	0.02574	−1.357%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0038%	8h	0.02572	−1.414%	$21.3M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02578	−1.184%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02576	−1.276%	$126K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02578	−1.188%	$70K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0068%	4h	0.02573	−1.376%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0082%	1h	0.02583	−1.001%	$2K	$75K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02572	−1.397%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02575	−1.299%	$855K	$793K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02579	−1.134%	$393K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02578	−1.173%	$34.9M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02575	−1.301%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02577	−1.223%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02575	−1.303%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02575	−1.308%	$24.5M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02572	−1.414%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USDshort	+0.0100%	1h	0.02585	−0.921%	$108K	$3K	10x
Gate MON_USDT	+0.0100%	4h	0.02574	−1.338%	$980K	$909K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02575	−1.299%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02578	−1.196%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02576	−1.253%	$779K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02579	−1.151%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	−1.160%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02577	−1.223%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02577	−1.223%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02578	−1.185%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02578	−1.184%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0256%	4h	0.02578	−1.184%	$3.0M	$716K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02575	−1.311%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02577	−1.223%	$1.4M	$309K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0419%	1h	0.02580	−1.098%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0480%	1h	0.02609	long leg	$115K	$50K	50x