MON

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0195%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.173%

Price spread now: Deribit against Kraken Futures+0.046%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.465%−$46 on $10k

Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.046%, 7d avg −0.056%

Together, before fees−0.586%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.102% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.056%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02580	0.0174	pay 0.0022% / 1h	35m 54s	$266K	$70K	10x
Short	Deribit MON_USDC-PERPETUAL	0.02581	−0.0021	pay 0.0003% / 1h	35m 54s	$70K	$119K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$40.88
Price spread: +0.046% → −0.056%: $10.24
Slippage, 4 orders: −$83.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$130.67
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 47 min ago; Deribit: live order book, 23 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, 47 min ago	28.77 bp	37.7 bp −$38	8171.5 bp −$81.7K	doesn't fit	doesn't fit
Sell Deribit live order book, 23 min ago	6.39 bp	9.9 bp −$10	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	+0.074%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0045%	8h	0.02576	−0.159%	$21.5M	$11.7M	50x	as long as short
01 Exchange MONUSD	−0.0024%	1h	0.02581	+0.015%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUALshort	−0.0021%	1h	0.02581	+0.046%	$70K	$119K	25x
Phoenix MON	0.0000%	1h	0.02584	+0.151%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02581	+0.027%	$143K	$1.8M	10x	as long as short
Aftermath Perps MONUSD	+0.0023%	1h	0.02588	+0.304%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02579	−0.043%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0078%	8h	0.02581	+0.025%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02579	−0.043%	$854K	$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	+0.206%	$388K	$537K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02581	+0.023%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02582	+0.088%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02587	+0.260%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02584	+0.147%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02578	−0.080%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02576	−0.159%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	+0.206%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02580	−0.004%	$1.0M	$864K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02581	+0.035%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02587	+0.275%	$780K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02589	+0.353%	$48K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02592	+0.460%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02590	+0.384%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02579	−0.043%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02581	+0.029%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02579	−0.043%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDlong	+0.0174%	1h	0.02580	long leg	$266K	$70K	10x
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02582	+0.054%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0335%	1h	0.02579	−0.050%	$138K	$136K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02585	+0.190%	$1.3M	$294K	75x	as long as short
KuCoin MONUSDTM	+0.0344%	4h	0.02585	+0.190%	$3.2M	$725K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.031%	$114K	$49K	50x	as long as short