Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.119%
Price spread now: Backpack against Gate+0.176%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$720.722% of the position
Funding, last 7 days+0.751%+$75 on $10k
+Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.176%, 7d avg +0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.148% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MON_USDT | 0.02552 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $958K | $884K | 50x |
| Short | Backpack MON_USDC_PERP | 0.02557 | 0.0100 | get 0.0013% / 1h | 52m 44s | $119K | $161K | 10x |
Gate MON_USDT
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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: +0.176% → +0.029%
- $14.75
- Slippage, 4 orders
- −$47.19
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$57.43
- Costs to cover
- 0.722%
- Break-even
- never at this rate
Slippage from Gate: live order book, 14 min ago; Backpack: live order book, 15 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 Gate live order book, 14 min ago | 7.73 bp | 23.5 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 15 min ago | 1.35 bp | 11.1 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MONUSDT | −0.0850% | 1h | 0.02545 | −0.274% | $68K | $489K | 50x | as long as short |
| Injective MON/USDC PERP | −0.0388% | 1h | 0.02541 | −0.431% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0072% | 1h | 0.02551 | −0.031% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02538 | −0.549% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0024% | 1h | 0.02554 | +0.086% | $69K | $119K | 25x | as long as short |
| Bybit MONUSDT | +0.0056% | 8h | 0.02554 | +0.074% | $21.2M | $12.3M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0060% | 4h | 0.02551 | −0.039% | $16K | $59K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02556 | +0.167% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02557 | +0.196% | $852K | $740K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02554 | +0.094% | $406K | $538K | 10x | as long as short |
ApeX Omni MONUSDT
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02551 | −0.029% | $104K | $227K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02556 | +0.168% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02555 | +0.133% | $142K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02554 | +0.078% | $24.4M | $25.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02554 | +0.078% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02545 | −0.257% | $106K | $4K | 10x | as long as short |
| Gate MON_USDTlong | +0.0100% | 4h | 0.02552 | long leg | $958K | $884K | 50x | |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02554 | +0.078% | $2.9M | $740K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02558 | +0.235% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0100% | 1h | 0.02557 | +0.176% | $119K | $161K | 10x | |
| Variational Omni MON | +0.0100% | 8h | 0.02538 | −0.544% | $764K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02548 | −0.166% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02544 | −0.307% | $571K | $1.5M | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02552 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02559 | +0.268% | $49K | $520K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02552 | 0.000% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0429% | 1h | 0.02554 | +0.082% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02552 | 0.000% | $1.4M | $310K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0340% | 1h | 0.02555 | +0.107% | $4K | $74K | 10x | as long as short |
| Hyperliquid MON | +0.0375% | 1h | 0.02561 | +0.368% | $34.9M | $7.5M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02552 | +0.016% | $115K | $2.1M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02552 | +0.016% | $111K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0837% | 1h | 0.02556 | +0.142% | $278K | $88K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD