MON

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0389%/8h= +42.6% APRnext payment +$0.49 per $10,000 · paid last 24h −0.030%

Price spread now: Pacifica against Deribit+0.208%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.539%−$54 · spread now +0.208%, 7d avg −0.013%

Together, before fees−0.557%+ Points / potential airdropPacifica: Active · farm board−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Pacifica is 0.221% dearer against Deribit than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.013%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MON_USDC-PERPETUAL	0.02595	−0.0289	get 0.0036% / 1h	12m 57s	$63K	$110K	25x
Short	Pacifica MON	0.02600	0.0100	get 0.0013% / 1h	12m 57s	$143K	$106K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.208%Rate

Funding earned: $81.75
Price spread: +0.208% → −0.013%: $22.13
Slippage, 4 orders: −$55.35
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $33.53
Costs to cover: 0.703%
Break-even: 4.1 days

Slippage from Deribit: live order book, 51 min ago; Pacifica: live order book, 10 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, 51 min ago	8.25 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 10 min ago	1.92 bp	24.8 bp −$25	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	0.02599	+0.170%	$6K	$110	5.5x	as long as short
Deribit MON_USDC-PERPETUALlong	−0.0289%	1h	0.02595	long leg	$63K	$110K	25x
01 Exchange MONUSD	−0.0232%	1h	0.02597	+0.104%	$6K	$1K	5x	as long as short
Bybit MONUSDT	0.0000%	8h	0.02592	−0.100%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.162%	$14K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02594	−0.023%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02598	+0.113%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02596	+0.054%	$852K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02604	+0.364%	$384K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02597	+0.085%	$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	0.02598	+0.147%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02602	+0.267%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02600	+0.208%	$143K	$106K	3x
Binance MONUSDT	+0.0100%	4h	0.02592	−0.092%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02591	−0.139%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02602	+0.285%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02598	+0.131%	$1.0M	$935K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02598	+0.131%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02596	+0.069%	$782K	$412K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02600	+0.221%	$48K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02598	+0.141%	$585K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02600	+0.208%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02593	−0.062%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02597	+0.079%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02593	−0.081%	$39K	—	3x	as long as short
BloFin MON-USDT	+0.0125%	4h	0.02599	+0.170%	$1.4M	$246K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02598	+0.116%	$268K	$67K	10x	as long as short
Aftermath Perps MONUSD	+0.0136%	1h	0.02599	+0.176%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02597	+0.089%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0309%	1h	0.02594	−0.012%	$138K	$137K	10x	as long as short
KuCoin MONUSDTM	+0.0388%	4h	0.02600	+0.208%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02597	+0.085%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.466%	$114K	$50K	50x	as long as short