MON

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0558%/8h= −61.1% APRnext payment −$0.70 per $10,000 · paid last 24h +0.075%

Price spread now: Backpack against GMX+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.024% dearer against GMX than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MON/USD [ETH-USDC]	0.02519	L +0.0260% / S −0.0429%	pay 0.0032% / 1h	55m 10s	$9K	—	50x
Short	Backpack MON_USDC_PERP	0.02520	−0.0298	pay 0.0037% / 1h	55m 10s	$111K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$117.17
Price spread: +0.024% → 0.000%: $2.38
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$136.79
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 3 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.20 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phoenix MON	−0.0316%	1h	0.02517	−0.099%	$12K	$359K	5x	as long as short
Backpack MON_USDC_PERPshort	−0.0298%	1h	0.02520	+0.024%	$111K	$151K	10x
01 Exchange MONUSD	−0.0192%	1h	0.02519	0.000%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02517	−0.099%	$5K	$109	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0147%	1h	0.02519	−0.028%	$68K	$126K	25x	as long as short
Bybit MONUSDT	−0.0132%	8h	0.02519	−0.020%	$20.7M	$13.2M	50x	as long as short
Perpl MON	0.0000%	43m	0.02519	−0.008%	$108K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0082%	4h	0.02519	−0.020%	$16K	$41K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02521	+0.060%	$840K	$735K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02518	−0.075%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02522	+0.091%	$411K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02521	+0.056%	$34.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02521	+0.044%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02521	+0.042%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02521	+0.060%	$140K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02520	+0.020%	$24.0M	$26.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02519	−0.020%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02515	−0.179%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02519	−0.020%	$953K	$968K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02521	+0.060%	$2.8M	$746K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02520	+0.020%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	+0.063%	$748K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02511	−0.324%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02519	−0.040%	$563K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02517	−0.099%	$68K	$505K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02517	−0.099%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02521	+0.050%	$52K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02519	−0.012%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0257%	1h	0.02520	+0.037%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]long	L +0.0260% / S −0.0429%	1h	0.02519	long leg	$9K	—	50x
BloFin MON-USDT	+0.0340%	4h	0.02518	−0.060%	$1.3M	$326K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02534	+0.576%	$112K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0540%	1h	0.02521	+0.073%	$268K	$113K	10x	as long as short