MON

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.025%

Price spread now: Nado against Deribit+0.041%7-day average +0.104% · 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−$53as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 3 days (all we have)−0.298%−$30 · spread now +0.041%, 7d avg +0.104%

Together, before fees−0.346%+ Points / potential airdropNado: Active · farm board−$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.062% cheaper against Deribit than usual: you would sell low and buy high (spread +0.041% now, against its 7-day average of +0.104%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MON_USDC-PERPETUAL	0.02598	0	get 0.0000% / 1h	35m 26s	$63K	$110K	25x
Short	Nado MON-PERP	0.02599	0.0100	get 0.0012% / 1h	35m 26s	$364K	$533K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now +0.041%Rate

Funding earned: $21
Price spread: +0.041% → +0.104%: −$6.21
Slippage, 4 orders: −$32.35
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$31.55
Costs to cover: 0.463%
Break-even: 17.5 days

Slippage from Deribit: live order book, 28 min ago; Nado: live order book, 52 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, 28 min ago	8.25 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 52 min ago	1.75 bp	10.6 bp −$11	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	0.02596	−0.077%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0240%	1h	0.02596	−0.062%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02595	−0.119%	$13K	$384K	5x	as long as short
Deribit MON_USDC-PERPETUALlong	0.0000%	1h	0.02598	long leg	$63K	$110K	25x
Bybit MONUSDT	+0.0008%	8h	0.02593	−0.192%	$21.6M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02595	−0.115%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02597	−0.053%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02598	0.000%	$851K	$753K	10x	as long as short
Nado MON-PERPshort	+0.0100%	1h	0.02599	+0.041%	$364K	$533K	10x
Hyperliquid MON	+0.0100%	1h	0.02599	+0.038%	$35.0M	$7.5M	5x	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	0.02597	−0.033%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02597	−0.021%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02596	−0.069%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02597	−0.053%	$24.7M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02594	−0.154%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02581	−0.661%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02597	−0.038%	$1.0M	$932K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02598	0.000%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02592	−0.215%	$777K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02584	−0.524%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02597	−0.039%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02597	−0.038%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02597	−0.038%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02599	+0.043%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02595	−0.096%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02599	+0.050%	$268K	$67K	10x	as long as short
BloFin MON-USDT	+0.0155%	4h	0.02594	−0.154%	$1.4M	$243K	75x	as long as short
Backpack MON_USDC_PERP	+0.0248%	1h	0.02595	−0.108%	$137K	$137K	10x	as long as short
Aftermath Perps MONUSD	+0.0257%	1h	0.02591	−0.257%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02598	+0.004%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0336%	4h	0.02602	+0.154%	$3.2M	$745K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02597	−0.038%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02604	+0.246%	$115K	$51K	50x	as long as short