Funding you earn now, next payment 08:00 UTC−0.1105%/8h= −121.0% APRnext payment −$1.38 per $10,000 · paid last 24h −0.188%
Price spread now: SoDEX against Kraken Futures−0.037%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and SoDEX is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02502 | 0.1205 | pay 0.0151% / 1h | 37m 56s | $269K | $119K | 10x |
| Short | SoDEX MON-USD | 0.02501 | 0.0100 | get 0.0013% / 1h | 37m 56s | $5K | $6K | 5x |
Kraken Futures PF_MONUSD
SoDEX MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$232.02
- Price spread: −0.037% → 0.000%
- −$3.73
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$253.75
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 65 min ago; SoDEX: no order-book sample. Net counts fees only.
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, 65 min ago | 17.99 bp | 28.8 bp −$29 | 8324.0 bp −$83.2K | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0032% | 1h | 0.02500 | −0.077% | $5K | $110 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02510 | +0.310% | $13K | $349K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02503 | +0.043% | $126K | $2.2M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02503 | +0.047% | $73K | $138K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02503 | +0.043% | $803K | $785K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02505 | +0.128% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02508 | +0.223% | $394K | $578K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02504 | +0.098% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02507 | +0.193% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02507 | +0.214% | $139K | $92K | 3x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MONUSDT | +0.0100% | 4h | 0.02500 | −0.058% | $23.8M | $27.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02499 | −0.101% | $20.7M | $13.8M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02499 | −0.117% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | +0.123% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02504 | +0.083% | $944K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02509 | +0.282% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02503 | +0.043% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02502 | −0.009% | $109K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02507 | +0.203% | $744K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02509 | +0.266% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02511 | +0.363% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02510 | +0.322% | $68K | $538K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02504 | +0.083% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USDshort | +0.0100% | 1h | 0.02501 | −0.037% | $5K | $6K | 5x | |
| Extended MON-USD | +0.0104% | 1h | 0.02503 | +0.037% | $47K | $314K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02503 | +0.027% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02503 | +0.027% | $6K | — | 50x | as long as short |
| Hyperliquid MON | +0.0246% | 1h | 0.02503 | +0.047% | $33.8M | $7.8M | 5x | as long as short |
| 01 Exchange MONUSD | +0.0328% | 1h | 0.02505 | +0.131% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02507 | +0.202% | $1.3M | $341K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0588% | 1h | 0.02505 | +0.127% | $5K | $101K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0680% | 1h | 0.02515 | +0.514% | $111K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.1205% | 1h | 0.02502 | long leg | $269K | $119K | 10x |
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Hyperliquid MON
01 Exchange MONUSD
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX