Funding you earn now, next payment 02:00 UTC−0.0741%/8h= −81.1% APRnext payment −$0.93 per $10,000 · paid last 24h −0.184%
Price spread now: Bulk against Kraken Futures−0.926%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1061.061% of the position
Funding, last 3 days (all we have)−0.593%−$59 on $10k
+Price spread, last 3 days (all we have)+0.545%+$55 · spread now −0.926%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Bulk is 0.826% cheaper against Kraken Futures than usual: you would sell low and buy high (−$83 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02544 | 0.0841 | pay 0.0105% / 1h | 29m 39s | $277K | $88K | 10x |
| Short | Bulk MON-USD | 0.02521 | 0.0100 | get 0.0013% / 1h | 29m 39s | $105K | $4K | 10x |
Kraken Futures PF_MONUSD
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Kraken Futures. 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
- −$155.56
- Price spread: −0.926% → −0.100%
- −$82.63
- Slippage, 4 orders
- −$89.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$344.28
- Costs to cover
- 1.061%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 38 min ago; Bulk: live order book, 39 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 Kraken Futures live order book, 38 min ago | 21.19 bp | 30.1 bp −$30 | 7786.1 bp −$77.9K | doesn't fit | doesn't fit |
| Sell Bulk live order book, 39 min ago | 19.27 bp | 22.8 bp −$23 | 43.4 bp −$434 | 135.2 bp −$13.5K | 807.8 bp −$403.9K |
MON on 32 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 | −0.0388% | 1h | 0.02522 | −0.872% | $5K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0077% | 8h | 0.02539 | −0.200% | $20.9M | $12.8M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0024% | 1h | 0.02544 | +0.008% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02535 | −0.377% | $13K | $349K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0060% | 4h | 0.02540 | −0.165% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02544 | −0.007% | $848K | $742K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02542 | −0.070% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02542 | −0.071% | $408K | $545K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02546 | +0.055% | $34.5M | $7.7M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02542 | −0.104% | $102K | $229K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02543 | −0.036% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02542 | −0.070% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02541 | −0.125% | $24.2M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02539 | −0.204% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02521 | −0.926% | $105K | $4K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02541 | −0.125% | $953K | $902K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02542 | −0.086% | $2.9M | $745K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02543 | −0.047% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02544 | +0.008% | $120K | $158K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02533 | −0.436% | $753K | $419K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02534 | −0.417% | $43K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02529 | −0.597% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02533 | −0.440% | $68K | $493K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02541 | −0.125% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02543 | −0.031% | $51K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02541 | −0.125% | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0183% | 1h | 0.02542 | −0.090% | $69K | $125K | 25x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02540 | −0.157% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0338% | 1h | 0.02533 | −0.439% | $3K | $77K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02541 | −0.118% | $156K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02536 | −0.306% | $111K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0841% | 1h | 0.02544 | long leg | $277K | $88K | 10x |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Deribit MON_USDC-PERPETUAL
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX