MON

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h +0.162%

Price spread now: Kraken Futures against GMX+0.219%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 Kraken Futures

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. Kraken Futures is 0.219% dearer against GMX than usual: you sell high and buy low (spread +0.219% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MON/USD [ETH-USDC]	0.02581	L +0.0260% / S −0.0598%	pay 0.0033% / 1h	34m 21s	$9K	—	50x
Short	Kraken Futures PF_MONUSD	0.02586	0.0173	get 0.0022% / 1h	34m 21s	$267K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.219%Rate

Funding earned: −$18.34
Price spread: +0.219% → 0.000%: $21.91
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$18.43
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 48 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 Kraken Futures live order book, 48 min ago	28.77 bp	42.5 bp −$43	634.0 bp −$6,340	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
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.054%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0048%	8h	0.02579	−0.062%	$21.5M	$11.7M	50x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02574	−0.267%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02584	+0.132%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02578	−0.085%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02581	+0.008%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0026%	1h	0.02586	+0.191%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0068%	4h	0.02578	−0.101%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0078%	8h	0.02578	−0.093%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02582	+0.054%	$855K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02580	−0.012%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02582	+0.047%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02587	+0.240%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02580	−0.023%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02579	−0.062%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02577	−0.140%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	+0.186%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02579	−0.062%	$1.0M	$864K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02580	−0.023%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02581	+0.023%	$781K	$406K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02582	+0.057%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02585	+0.168%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02590	+0.364%	$69K	$480K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02581	+0.027%	$387K	$537K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02580	−0.023%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02584	+0.118%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02579	−0.062%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDshort	+0.0173%	1h	0.02586	+0.219%	$267K	$70K	10x
GMX MON/USD [ETH-USDC]long	L +0.0260% / S −0.0598%	1h	0.02581	long leg	$9K	—	50x
Backpack MON_USDC_PERP	+0.0300%	1h	0.02582	+0.062%	$138K	$136K	10x	as long as short
KuCoin MONUSDTM	+0.0328%	4h	0.02583	+0.093%	$3.2M	$725K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02580	−0.023%	$1.3M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.011%	$114K	$49K	50x	as long as short