Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.119%
Price spread now: Backpack against edgeX+0.240%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$600.599% of the position
Funding, last 7 days+0.732%+$73 on $10k
+Price spread, last 4 days (all we have)−1.031%−$103 · spread now +0.240%, 7d avg +0.061%
=Together, before fees−0.299%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.179% dearer against edgeX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MONUSDC | 0.02547 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $43K | $249K | 10x |
| Short | Backpack MON_USDC_PERP | 0.02553 | 0.0100 | get 0.0013% / 1h | 11m 33s | $119K | $156K | 10x |
edgeX MONUSDC
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. 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
- $0
- Price spread: +0.240% → +0.061%
- $17.87
- Slippage, 4 orders
- −$40.85
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$41.98
- Costs to cover
- 0.599%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 56 min ago; Backpack: live order book, 56 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 edgeX live order book, 56 min ago | 7.72 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 56 min ago | 1.35 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
MON on 32 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 | −0.0388% | 1h | 0.02546 | −0.027% | $6K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0089% | 8h | 0.02547 | +0.012% | $21.0M | $12.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02552 | +0.209% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02552 | +0.220% | $69K | $125K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0024% | 1h | 0.02550 | +0.122% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0063% | 4h | 0.02552 | +0.209% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02552 | +0.209% | $850K | $742K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02549 | +0.081% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02554 | +0.300% | $410K | $545K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02553 | +0.252% | $34.6M | $7.6M | 5x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02552 | +0.216% | $102K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02551 | +0.160% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02552 | +0.193% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02550 | +0.144% | $24.3M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02548 | +0.052% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02545 | −0.071% | $106K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02550 | +0.130% | $954K | $905K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02553 | +0.248% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02551 | +0.169% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0100% | 1h | 0.02553 | +0.240% | $119K | $156K | 10x | |
| Variational Omni MON | +0.0100% | 8h | 0.02544 | −0.124% | $757K | $419K | — | as long as short |
| edgeX MONUSDClong | +0.0100% | 4h | 0.02547 | long leg | $43K | $249K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02550 | +0.130% | $571K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02548 | +0.052% | $68K | $497K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02551 | +0.169% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02553 | +0.255% | $51K | $513K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02551 | +0.169% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02551 | +0.177% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0293% | 1h | 0.02550 | +0.126% | $2K | $79K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02551 | +0.161% | $107K | $2.3M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02556 | +0.358% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0838% | 1h | 0.02554 | +0.274% | $278K | $88K | 10x | 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
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD