Funding you earn now, next payment 04:00 UTC−0.0440%/8h= −48.2% APRnext payment −$0.55 per $10,000 · paid last 24h −0.178%
Price spread now: Extended against Kraken Futures−0.049%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1351.346% of the position
Funding, last 7 days−0.555%−$56 on $10k
+Price spread, last 4 days (all we have)−0.194%−$19 · spread now −0.049%, 7d avg +0.015%
=Together, before fees−0.749%+ Points / potential airdropExtended: Active · farm board−$75 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Extended is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02504 | 0.0544 | pay 0.0068% / 1h | 49m 27s | $268K | $116K | 10x |
| Short | Extended MON-USD | 0.02503 | 0.0104 | get 0.0013% / 1h | 49m 27s | $52K | $517K | 10x |
Kraken Futures PF_MONUSD
Extended MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$92.42
- Price spread: −0.049% → +0.015%
- −$6.43
- Slippage, 4 orders
- −$119.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$233.48
- Costs to cover
- 1.346%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 8 min ago; Extended: live order book, 8 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, 8 min ago | 27.79 bp | 40.3 bp −$40 | 8977.2 bp −$89.8K | doesn't fit | doesn't fit |
| Sell Extended live order book, 8 min ago | 5.98 bp | 29.0 bp −$29 | 229.2 bp −$2,292 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MON_USDC-PERPETUAL | −0.0509% | 1h | 0.02501 | −0.094% | $74K | $134K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0448% | 1h | 0.02497 | −0.258% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0426% | 1h | 0.02509 | +0.217% | $112K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02517 | +0.525% | $5K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0149% | 8h | 0.02498 | −0.234% | $20.5M | $13.2M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02510 | +0.237% | $12K | $359K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02506 | +0.098% | $107K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0075% | 4h | 0.02501 | −0.114% | $16K | $41K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0088% | 8h | 0.02505 | +0.031% | $8K | $42 | 5x | as long as short |
| Variational Omni MON | +0.0095% | 8h | 0.02507 | +0.108% | $743K | $407K | — | as long as short |
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Perpl MON
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Variational Omni MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MON | +0.0096% | 1h | 0.02506 | +0.086% | $835K | $735K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02508 | +0.154% | $432K | $556K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02505 | +0.054% | $33.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02507 | +0.130% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02507 | +0.127% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02505 | +0.046% | $138K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02502 | −0.090% | $23.8M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02498 | −0.234% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02515 | +0.433% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02503 | −0.034% | $948K | $973K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02506 | +0.086% | $2.8M | $747K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02503 | −0.034% | $2.7M | $2.1M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02514 | +0.415% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02516 | +0.485% | $563K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02511 | +0.285% | $68K | $505K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02506 | +0.086% | $5K | $6K | 5x | as long as short |
| Extended MON-USDshort | +0.0104% | 1h | 0.02503 | −0.049% | $52K | $517K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02501 | −0.126% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02505 | +0.054% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0279% | 1h | 0.02515 | +0.430% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02511 | +0.285% | $1.3M | $325K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02514 | +0.385% | $110K | $57K | 50x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0544% | 1h | 0.02504 | long leg | $268K | $116K | 10x |
Lighter MON
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Coinbase International MON-PERP-INTX