MON

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h −0.037%

Price spread now: Kraken Futures against Coinbase International−0.164%7-day average −0.406% · you buy dearer than you sell

Net, funding: paid 7d − costs−$364as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$3233.234% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.164%, 7d avg −0.406%

Together, before fees−0.447%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.241% dearer against Coinbase International than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.406%. Mind the row above: over the last 7 days funding on this pair cost −0.410%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02557	0.0744	pay 0.0093% / 1h	50m 39s	$112K	$52K	50x
Short	Kraken Futures PF_MONUSD	0.02553	0.0838	get 0.0105% / 1h	50m 39s	$278K	$88K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.164%Rate

Funding earned: $19.72
Price spread: −0.164% → −0.406%: $24.13
Slippage, 4 orders: −$303.39
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$279.54
Costs to cover: 3.234%
Break-even: 106.3 days

Slippage from Coinbase International: live order book, 17 min ago; Kraken Futures: live order book, 17 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, 17 min ago	29.90 bp	117.6 bp −$118	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 17 min ago	21.19 bp	30.5 bp −$30	581.6 bp −$5,816	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	−0.0388%	1h	0.02541	−0.630%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0032%	1h	0.02552	−0.199%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02538	−0.747%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02550	−0.293%	$69K	$119K	25x	as long as short
Bybit MONUSDT	+0.0050%	8h	0.02552	−0.199%	$21.2M	$12.4M	50x	as long as short
ApeX Omni MONUSDT	+0.0050%	1h	0.02554	−0.121%	$69K	$489K	50x	as long as short
Orderly PERP_MON_USDC	+0.0060%	4h	0.02550	−0.278%	$16K	$60K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02554	−0.108%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02557	−0.004%	$852K	$740K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02555	−0.086%	$406K	$538K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02551	−0.228%	$104K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02555	−0.089%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02555	−0.098%	$141K	$103K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02554	−0.129%	$24.4M	$25.8M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02555	−0.082%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02545	−0.456%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02552	−0.199%	$959K	$886K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02554	−0.121%	$2.9M	$741K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02556	−0.043%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02553	−0.149%	$119K	$158K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02548	−0.352%	$766K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02549	−0.298%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02553	−0.176%	$573K	$1.5M	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02549	−0.317%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02557	+0.001%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02550	−0.278%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02552	−0.203%	$9K	—	50x	as long as short
Hyperliquid MON	+0.0311%	1h	0.02559	+0.082%	$34.9M	$7.5M	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02549	−0.317%	$1.4M	$310K	75x	as long as short
Aftermath Perps MONUSD	+0.0346%	1h	0.02555	−0.099%	$4K	$74K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02553	−0.160%	$115K	$2.1M	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0744%	1h	0.02557	long leg	$112K	$52K	50x
Kraken Futures PF_MONUSDshort	+0.0838%	1h	0.02553	−0.164%	$278K	$88K	10x