Funding you earn now, next payment 01:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.024%
Price spread now: OKX against Deribit−0.197%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.197%, 7d avg −0.086%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.111% cheaper against Deribit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.086%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02586 | 0.0137 | pay 0.0017% / 1h | 14m 58s | $70K | $119K | 25x |
| Short | OKX MON-USDT-SWAP | 0.02581 | 0.0100 | get 0.0050% / 4h | 3h 14m | $4.3M | $5.8M | 50x |
Deribit MON_USDC-PERPETUAL
OKX MON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$7.73
- Price spread: −0.197% → −0.086%
- −$11.09
- Slippage, 4 orders
- −$52.74
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$88.56
- Costs to cover
- 0.697%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 34 min ago; OKX: live order book, 3 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 | 11.94 bp | 15.4 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.89 bp | 22.3 bp −$22 | 84.2 bp −$842 | 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 | −0.0444% | 1h | 0.02570 | −0.623% | $6K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02563 | −0.897% | $13K | $351K | 5x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02583 | −0.120% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | +0.0061% | 8h | 0.02582 | −0.166% | $21.5M | $12.1M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0063% | 4h | 0.02583 | −0.120% | $17K | $59K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0091% | 8h | 0.02584 | −0.096% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02586 | −0.004% | $861K | $755K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02584 | −0.078% | $397K | $526K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02587 | +0.027% | $35.0M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02582 | −0.154% | $107K | $231K | 10x | as long as short |
Injective MON/USDC PERP
Phoenix MON
01 Exchange MONUSD
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02581 | −0.209% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02582 | −0.159% | $142K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02584 | −0.081% | $24.7M | $25.3M | 75x | as long as short |
| OKX MON-USDT-SWAPshort | +0.0100% | 4h | 0.02581 | −0.197% | $4.3M | $5.8M | 50x | |
| Bulk MON-USD | +0.0100% | 1h | 0.02560 | −0.993% | $106K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02582 | −0.159% | $972K | $923K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02584 | −0.081% | $2.8M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02585 | −0.031% | $130K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02572 | −0.561% | $773K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02570 | −0.639% | $44K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02572 | −0.549% | $575K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02573 | −0.507% | $69K | $488K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02584 | −0.081% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02587 | +0.016% | $49K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02584 | −0.081% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0126% | 4h | 0.02585 | −0.043% | $3.0M | $723K | 75x | as long as short |
| Deribit MON_USDC-PERPETUALlong | +0.0137% | 1h | 0.02586 | long leg | $70K | $119K | 25x | |
| Aftermath Perps MONUSD | +0.0204% | 1h | 0.02578 | −0.318% | $4K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02585 | −0.058% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02577 | −0.352% | $1.4M | $307K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02586 | −0.015% | $123K | $2.1M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0462% | 1h | 0.02587 | +0.036% | $272K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02581 | −0.209% | $113K | $51K | 50x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX