Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.019%
Price spread now: Bulk against Deribit+0.125%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$820.823% of the position
Funding, last 3 days (all we have)−0.046%−$5 on $10k
+Price spread, last 3 days (all we have)−0.453%−$45 · spread now +0.125%, 7d avg −0.042%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.167% dearer against Deribit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02542 | 0 | get 0.0000% / 1h | 9m 31s | $69K | $125K | 25x |
| Short | Bulk MON-USD | 0.02545 | 0.0100 | get 0.0013% / 1h | 9m 31s | $106K | $4K | 10x |
Deribit MON_USDC-PERPETUAL
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Deribit. 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
- $21
- Price spread: +0.125% → −0.042%
- $16.69
- Slippage, 4 orders
- −$68.26
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$44.57
- Costs to cover
- 0.823%
- Break-even
- 21.9 days
Slippage from Deribit: live order book, 34 min ago; Bulk: live order book, 59 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 Deribit live order book, 34 min ago | 12.62 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 59 min ago | 19.27 bp | 22.8 bp −$23 | 43.4 bp −$434 | 135.2 bp −$13.5K | 807.8 bp −$403.9K |
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 | +0.169% | $6K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0089% | 8h | 0.02534 | −0.303% | $20.9M | $12.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02552 | +0.405% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALlong | 0.0000% | 1h | 0.02542 | long leg | $69K | $125K | 25x | |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02536 | −0.240% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0065% | 4h | 0.02542 | +0.012% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02538 | −0.146% | $846K | $742K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02536 | −0.244% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02537 | −0.181% | $34.4M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02538 | −0.146% | $101K | $229K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02541 | −0.033% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02537 | −0.185% | $140K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02535 | −0.264% | $24.2M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02533 | −0.342% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02545 | +0.125% | $106K | $4K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02534 | −0.303% | $947K | $906K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02538 | −0.146% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02536 | −0.224% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02541 | −0.012% | $118K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02547 | +0.191% | $758K | $419K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02550 | +0.317% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02552 | +0.395% | $571K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02551 | +0.366% | $68K | $497K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02538 | −0.152% | $407K | $545K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02542 | +0.012% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02538 | −0.153% | $51K | $513K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02541 | −0.028% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02535 | −0.248% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0285% | 1h | 0.02548 | +0.232% | $2K | $79K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02537 | −0.181% | $106K | $2.3M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02556 | +0.555% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0841% | 1h | 0.02545 | +0.118% | $277K | $88K | 10x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD