MON

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0517%/8h= +56.6% APRnext payment +$0.65 per $10,000 · paid last 24h +0.012%

Price spread now: Coinbase International against Kraken Futures+0.316%7-day average +0.386% · you sell dearer than you buy

Net, funding: paid 7d − costs−$312as in the Funding arb table

Net, price: spread back to 7d avg − costs−$362as in the Price arb table

costs, in and out, $10k−$3553.552% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.434%+$43 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.316%, 7d avg +0.386%

Together, before fees+0.474%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.316% now, against its 7-day average of +0.386%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.434% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02601	0.0131	pay 0.0016% / 1h	31m 48s	$268K	$67K	10x
Short	Coinbase International MON-PERP-INTX	0.02609	0.0648	get 0.0081% / 1h	31m 48s	$115K	$50K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.316%Rate

Funding earned: $108.57
Price spread: +0.316% → +0.386%: −$7
Slippage, 4 orders: −$335.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$253.63
Costs to cover: 3.552%
Break-even: 23.4 days

Slippage from Kraken Futures: live order book, 55 min ago; Coinbase International: live order book, 56 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, 55 min ago	13.57 bp	42.6 bp −$43	7970.5 bp −$79.7K	doesn't fit	doesn't fit
Sell Coinbase International live order book, 56 min ago	39.55 bp	143.9 bp −$144	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	−0.0739%	1h	0.02596	−0.180%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0232%	1h	0.02596	−0.160%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0096%	1h	0.02599	−0.056%	$63K	$110K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02598	−0.122%	$14K	$384K	5x	as long as short
Bybit MONUSDT	+0.0009%	8h	0.02594	−0.256%	$21.7M	$11.8M	50x	as long as short
BloFin MON-USDT	+0.0055%	4h	0.02600	−0.026%	$1.4M	$246K	75x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02596	−0.180%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02597	−0.148%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02599	−0.064%	$851K	$753K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02601	+0.001%	$367K	$523K	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	0.02600	−0.014%	$35.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02598	−0.107%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02600	−0.027%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02598	−0.103%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02597	−0.141%	$24.7M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02596	−0.180%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02581	−0.763%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02599	−0.064%	$1.0M	$932K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02600	−0.026%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02592	−0.318%	$777K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02596	−0.186%	$48K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02598	−0.102%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02597	−0.141%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02597	−0.141%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02600	−0.010%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02598	−0.122%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDlong	+0.0131%	1h	0.02601	long leg	$268K	$67K	10x
Backpack MON_USDC_PERP	+0.0237%	1h	0.02598	−0.091%	$138K	$137K	10x	as long as short
Aftermath Perps MONUSD	+0.0239%	1h	0.02595	−0.219%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02599	−0.053%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0338%	4h	0.02605	+0.167%	$3.2M	$745K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02598	−0.103%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0648%	1h	0.02609	+0.316%	$115K	$50K	50x