Funding you earn now, next payment 23:00 UTC+0.0284%/8h= +31.1% APRnext payment +$0.35 per $10,000 · paid last 24h +0.155%
Price spread now: Backpack against Extended−0.024%48s7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.699%+$70 on $10k
+Price spread, last 4 days (all we have)−0.247%−$25 · spread now −0.024%, 7d avg −0.088%
=Together, before fees+0.452%+ Points / potential airdropExtended: Active · farm board+$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Backpack is 0.064% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.088%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MON-USD | 0.02592 | 0.0104 | pay 0.0013% / 1h | 41m 18s | $52K | $407K | 10x |
| Short | Backpack MON_USDC_PERP | 0.02592 | 0.0388 | get 0.0048% / 1h | 41m 18s | $138K | $136K | 10x |
Extended MON-USD
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $59.57
- Price spread: −0.024% → −0.088%
- $6.37
- Slippage, 4 orders
- −$59.8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.86
- Costs to cover
- 0.748%
- Break-even
- 8.0 days
Slippage from Extended: live order book, 41 min ago; Backpack: live order book, 42 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 Extended live order book, 41 min ago | 3.85 bp | 25.4 bp −$25 | 237.2 bp −$2,372 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 42 min ago | 0.19 bp | 9.6 bp −$10 | 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 | −0.0053% | 1h | 0.02582 | −0.398% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0031% | 8h | 0.02587 | −0.213% | $21.5M | $11.8M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0016% | 1h | 0.02593 | +0.022% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02590 | −0.082% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02592 | −0.001% | $144K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02590 | −0.078% | $70K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0031% | 1h | 0.02588 | −0.164% | $2K | $74K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0075% | 4h | 0.02589 | −0.128% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0075% | 8h | 0.02590 | −0.101% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02592 | −0.013% | $850K | $763K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
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 | 0.02595 | +0.107% | $388K | $537K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02593 | +0.018% | $35.1M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02591 | −0.045% | $108K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02590 | −0.109% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02591 | −0.040% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02589 | −0.124% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02587 | −0.206% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02585 | −0.267% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02592 | −0.013% | $1.0M | $863K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02591 | −0.051% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02578 | −0.562% | $777K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02586 | −0.233% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02588 | −0.179% | $582K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02586 | −0.244% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02589 | −0.128% | $5K | $6K | 5x | as long as short |
| Extended MON-USDlong | +0.0104% | 1h | 0.02592 | long leg | $52K | $407K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02588 | −0.148% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0173% | 1h | 0.02591 | −0.036% | $267K | $70K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02591 | −0.059% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02586 | −0.244% | $1.4M | $294K | 75x | as long as short |
| KuCoin MONUSDTM | +0.0370% | 4h | 0.02595 | +0.103% | $3.2M | $727K | 75x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0388% | 1h | 0.02592 | −0.024% | $138K | $136K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +0.554% | $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
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX