Funding you earn now, next payment 21:00 UTC−0.0648%/8h= −71.0% APRnext payment −$0.81 per $10,000 · paid last 24h −0.188%
Price spread now: Deribit against Coinbase International−1.371%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$397as in the Funding arb table
Net, price: spread back to 7d avg − costs−$446as in the Price arb table
costs, in and out, $10k−$3093.089% of the position
Funding, last 7 days−0.885%−$88 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Deribit is 1.371% cheaper against Coinbase International than usual: you would sell low and buy high (−$137 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MON-PERP-INTX | 0.02625 | 0.0648 | pay 0.0081% / 1h | 54m 42s | $115K | $51K | 50x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02589 | 0 | get 0.0000% / 1h | 54m 42s | $64K | $103K | 25x |
Coinbase International MON-PERP-INTX
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$136.08
- Price spread: −1.371% → 0.000%
- −$137.13
- Slippage, 4 orders
- −$291.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$582.08
- Costs to cover
- 3.089%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 33 min ago; Deribit: live order book, 9 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, 33 min ago | 39.55 bp | 138.9 bp −$139 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 9 min ago | 8.25 bp | 14.3 bp −$14 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02587 | −1.459% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0424% | 1h | 0.02583 | −1.630% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02586 | −1.505% | $13K | $384K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02589 | −1.371% | $64K | $103K | 25x | |
| Bybit MONUSDT | +0.0002% | 8h | 0.02578 | −1.783% | $21.6M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0093% | 4h | 0.02587 | −1.459% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02584 | −1.573% | $847K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02577 | −1.824% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02590 | −1.362% | $347K | $535K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02585 | −1.535% | $34.8M | $7.4M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
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 | 0.02585 | −1.535% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02584 | −1.574% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02582 | −1.657% | $143K | $108K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02581 | −1.675% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02573 | −1.992% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02610 | −0.583% | $110K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02580 | −1.726% | $1.0M | $926K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02576 | −1.878% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02579 | −1.745% | $775K | $403K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02589 | −1.401% | $48K | $241K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02590 | −1.361% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02587 | −1.459% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02588 | −1.421% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02582 | −1.635% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02587 | −1.447% | $39K | — | 3x | as long as short |
| Backpack MON_USDC_PERP | +0.0130% | 1h | 0.02588 | −1.432% | $136K | $137K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02589 | −1.394% | $259K | $59K | 10x | as long as short |
| BloFin MON-USDT | +0.0134% | 4h | 0.02587 | −1.459% | $1.4M | $242K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0313% / S −0.1052% | 1h | 0.02588 | −1.425% | $13K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0366% | 4h | 0.02588 | −1.421% | $3.2M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0417% | 1h | 0.02595 | −1.147% | $2K | $73K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02588 | −1.428% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTXlong | +0.0648% | 1h | 0.02625 | 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
Backpack MON_USDC_PERP
Kraken Futures PF_MONUSD
BloFin MON-USDT
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Aftermath Perps MONUSD
Perpl MON