Funding you earn now, next payment 12:00 UTC+0.0331%/8h= +36.3% APRnext payment +$0.41 per $10,000 · paid last 24h −0.007%
Price spread now: Extended against Deribit−0.056%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$750.752% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)−0.155%−$16 · spread now −0.056%, 7d avg +0.075%
=Together, before fees−0.170%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.131% cheaper against Deribit than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.075%). If the spread goes back, that is −$13 on $10k: about 32 hours of funding at the current rate (+$10 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02512 | −0.0227 | get 0.0028% / 1h | 52m 44s | $80K | $119K | 25x |
| Short | Extended MON-USD | 0.02511 | 0.0104 | get 0.0013% / 1h | 52m 44s | $58K | $317K | 10x |
Deribit MON_USDC-PERPETUAL
Extended MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $69.59
- Price spread: −0.056% → +0.075%
- −$13.1
- Slippage, 4 orders
- −$63.23
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$18.74
- Costs to cover
- 0.752%
- Break-even
- 8.9 days
Slippage from Deribit: live order book, 54 min ago; Extended: live order book, 53 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, 54 min ago | 6.57 bp | 13.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 53 min ago | 3.99 bp | 25.9 bp −$26 | 313.2 bp −$3,132 | doesn't fit | doesn't fit |
MON on 33 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0368% | 1h | 0.02507 | −0.203% | $6K | $2K | 5x | as long as short |
| Phoenix MON | −0.0316% | 1h | 0.02517 | +0.175% | $12K | $284K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALlong | −0.0227% | 1h | 0.02512 | long leg | $80K | $119K | 25x | |
| Backpack MON_USDC_PERP | −0.0185% | 1h | 0.02514 | +0.060% | $113K | $144K | 10x | as long as short |
| Bybit MONUSDT | −0.0161% | 8h | 0.02507 | −0.211% | $21.3M | $13.2M | 50x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02513 | +0.016% | $116K | $2.1M | 10x | as long as short |
| Injective MON/USDC PERP | +0.0033% | 1h | 0.02541 | +1.138% | $6K | $92 | 5.5x | as long as short |
| Paradex MON-USD-PERP | +0.0040% | 8h | 0.02509 | −0.116% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02513 | +0.024% | $824K | $676K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02511 | −0.056% | $33.7M | $6.1M | 5x | as long as short |
01 Exchange MONUSD
Phoenix MON
Backpack MON_USDC_PERP
Bybit MONUSDT
Perpl MON
Injective MON/USDC PERP
Paradex MON-USD-PERP
Lighter MON
Hyperliquid MONShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02512 | −0.024% | $99K | $204K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02512 | −0.023% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02511 | −0.056% | $139K | $85K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02509 | −0.123% | $24.1M | $26.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02510 | −0.096% | $4.2M | $5.7M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.302% | $103K | $238 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02512 | −0.016% | $1.1M | $1.2M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02513 | +0.024% | $2.9M | $693K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02512 | −0.016% | $2.8M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02516 | +0.157% | $751K | $365K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02514 | +0.071% | $42K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02518 | +0.223% | $565K | $1.4M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02519 | +0.263% | $68K | $548K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02513 | +0.034% | $401K | $575K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02513 | +0.024% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02512 | −0.016% | $5K | $6K | 5x | as long as short |
| Extended MON-USDshort | +0.0104% | 1h | 0.02511 | −0.056% | $58K | $317K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02511 | −0.036% | $38K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0206% | 1h | 0.02515 | +0.117% | $275K | $126K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02514 | +0.044% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02513 | +0.024% | $1.4M | $379K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0389% | 1h | 0.02522 | +0.376% | $5K | $97K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0632% | 1h | 0.02538 | +1.003% | $107K | $55K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
Orderly PERP_MON_USDC
SoDEX MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX