MON

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0436%/8h= +47.7% APRnext payment +$0.54 per $10,000 · paid last 24h +0.101%

Price spread now: Coinbase International against Hyperliquid+0.914%49s7-day average +0.363% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as 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−$790.793% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.756%+$76 on $10k

Price spread, last 3 days (all we have)−0.611%−$61 · spread now +0.914%, 7d avg +0.363%

Together, before fees+0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.551% dearer against Hyperliquid than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of +0.363%. The two prices were read 49 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	Hyperliquid MON	0.02583	0.0100	pay 0.0013% / 1h	24m 20s	$34.9M	$7.4M	5x
Short	Coinbase International MON-PERP-INTX	0.02607	0.0536	get 0.0067% / 1h	24m 20s	$114K	$49K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now +0.914%Rate

Funding earned: $91.56
Price spread: +0.914% → +0.363%: $55.05
Slippage, 4 orders: −$60.3
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $67.31
Costs to cover: 0.793%
Break-even: 1.9 days

Slippage from Hyperliquid: live order book, 9 min ago; Coinbase International: live order book, 58 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 Hyperliquid live order book, 9 min ago	0.39 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 58 min ago	16.34 bp	21.7 bp −$22	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	−0.043%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0053%	8h	0.02574	−0.368%	$21.4M	$11.8M	50x	as long as short
01 Exchange MONUSD	−0.0024%	1h	0.02582	−0.050%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02575	−0.325%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02581	−0.097%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02579	−0.170%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0036%	1h	0.02578	−0.201%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02575	−0.314%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0082%	8h	0.02578	−0.179%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02582	−0.043%	$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
Nado MON-PERP	+0.0100%	1h	0.02585	+0.063%	$389K	$539K	10x	as long as short
Hyperliquid MONlong	+0.0100%	1h	0.02583	long leg	$34.9M	$7.4M	5x
Aster MONUSDT	+0.0100%	4h	0.02579	−0.163%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02579	−0.154%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02581	−0.085%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02579	−0.168%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02573	−0.391%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	−0.507%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02579	−0.159%	$1.0M	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02580	−0.120%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02579	−0.166%	$138K	$134K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02573	−0.403%	$780K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02573	−0.394%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02576	−0.276%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02574	−0.352%	$69K	$479K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02578	−0.197%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02583	+0.013%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02575	−0.310%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02581	−0.063%	$271K	$77K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02580	−0.116%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0302%	4h	0.02584	+0.035%	$3.2M	$697K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02575	−0.314%	$1.4M	$293K	75x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0536%	1h	0.02607	+0.914%	$114K	$49K	50x