MON

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0737%/8h= −80.7% APRnext payment −$0.92 per $10,000 · paid last 24h −0.179%

Price spread now: Nado against Kraken Futures−0.091%7-day average +0.045% · 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−$93as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.574%−$57 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.091%, 7d avg +0.045%

Together, before fees−0.624%+ Points / potential airdropNado: Active · farm board−$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Nado is 0.136% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02555	0.0837	pay 0.0105% / 1h	23m 50s	$278K	$88K	10x
Short	Nado MON-PERP	0.02553	0.0100	get 0.0012% / 1h	23m 50s	$410K	$545K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.091%Rate

Funding earned: −$154.79
Price spread: −0.091% → +0.045%: −$13.65
Slippage, 4 orders: −$62.58
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$248.02
Costs to cover: 0.796%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 44 min ago; Nado: live order book, 44 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, 44 min ago	21.19 bp	30.1 bp −$30	7786.1 bp −$77.9K	doesn't fit	doesn't fit
Sell Nado live order book, 44 min ago	0.58 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	−1.301%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0086%	8h	0.02550	−0.205%	$20.9M	$12.8M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02552	−0.131%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02543	−0.479%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02552	−0.131%	$69K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0061%	4h	0.02553	−0.088%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02554	−0.049%	$851K	$742K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02551	−0.173%	$8K	$42	5x	as long as short
Nado MON-PERPshort	+0.0100%	1h	0.02553	−0.091%	$410K	$545K	10x
Hyperliquid MON	+0.0100%	1h	0.02555	+0.002%	$34.7M	$7.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02553	−0.077%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02552	−0.118%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02554	−0.049%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02553	−0.078%	$24.3M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02551	−0.166%	$4.3M	$5.9M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02553	−0.088%	$956K	$904K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02558	+0.108%	$2.9M	$744K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02553	−0.088%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02555	−0.021%	$119K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02552	−0.144%	$759K	$419K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02550	−0.197%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02554	−0.049%	$573K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02541	−0.558%	$68K	$493K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02551	−0.166%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−0.206%	$106K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02555	−0.004%	$51K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02551	−0.147%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02551	−0.151%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0346%	1h	0.02546	−0.379%	$3K	$77K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02553	−0.092%	$156K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02553	−0.072%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSDlong	+0.0837%	1h	0.02555	long leg	$278K	$88K	10x