Funding you earn now, next payment 23:00 UTC+0.0271%/8h= +29.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.173%
Price spread now: Kraken Futures against Deribit+0.039%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1001.000% of the position
Funding, last 7 days+0.465%+$46 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.039%, 7d avg +0.056%
=The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02584 | −0.0098 | get 0.0012% / 1h | 36m 36s | $70K | $119K | 25x |
| Short | Kraken Futures PF_MONUSD | 0.02585 | 0.0173 | get 0.0022% / 1h | 36m 36s | $266K | $70K | 10x |
Deribit MON_USDC-PERPETUAL
Kraken Futures PF_MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $56.99
- Price spread: +0.039% → +0.056%
- −$1.67
- Slippage, 4 orders
- −$83.03
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$44.7
- Costs to cover
- 1.000%
- Break-even
- 12.5 days
Slippage from Deribit: live order book, 22 min ago; Kraken Futures: live order book, 46 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, 22 min ago | 6.39 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 46 min ago | 28.77 bp | 42.5 bp −$43 | 634.0 bp −$6,340 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MON_USDC-PERPETUALlong | −0.0098% | 1h | 0.02584 | long leg | $70K | $119K | 25x | |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02582 | −0.081% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0045% | 8h | 0.02580 | −0.163% | $21.5M | $11.7M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0024% | 1h | 0.02581 | −0.139% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02584 | −0.004% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02583 | −0.058% | $144K | $1.8M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0022% | 1h | 0.02589 | +0.179% | $2K | $74K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0071% | 4h | 0.02582 | −0.081% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0078% | 8h | 0.02581 | −0.129% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02583 | −0.043% | $856K | $773K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Perpl MON
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02585 | +0.044% | $388K | $537K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02588 | +0.135% | $35.0M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02585 | +0.035% | $108K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02587 | +0.105% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02584 | −0.008% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02582 | −0.097% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02579 | −0.197% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02585 | +0.050% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02583 | −0.043% | $1.0M | $864K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02585 | +0.035% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02587 | +0.120% | $780K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02589 | +0.197% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02592 | +0.305% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02590 | +0.228% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02583 | −0.043% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02586 | +0.084% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02583 | −0.062% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.0173% | 1h | 0.02585 | +0.039% | $266K | $70K | 10x | |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02585 | +0.023% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02585 | +0.035% | $1.3M | $294K | 75x | as long as short |
| KuCoin MONUSDTM | +0.0344% | 4h | 0.02587 | +0.112% | $3.2M | $726K | 75x | as long as short |
| Backpack MON_USDC_PERP | +0.0354% | 1h | 0.02585 | +0.031% | $138K | $136K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +0.875% | $114K | $49K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
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
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
KuCoin MONUSDTM
Backpack MON_USDC_PERP
Coinbase International MON-PERP-INTX