Funding you earn now, next payment 03:00 UTC−0.0498%/8h= −54.5% APRnext payment −$0.62 per $10,000 · paid last 24h −0.141%
Price spread now: 01 Exchange against Kraken Futures−0.331%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$15 a day on $10k at the current rate, and 01 Exchange is 0.331% cheaper against Kraken Futures than usual: you would sell low and buy high (−$33 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 | 0.02539 | 0.0490 | pay 0.0061% / 1h | 34m 38s | $270K | $100K | 10x |
| Short | 01 Exchange MONUSD | 0.02531 | −0.0008 | pay 0.0001% / 1h | 34m 38s | $6K | $1K | 5x |
Kraken Futures PF_MONUSD
01 Exchange MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$104.57
- Price spread: −0.331% → 0.000%
- −$33.08
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$154.64
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 28 min ago; 01 Exchange: 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, 28 min ago | 27.57 bp | 38.4 bp −$38 | 8295.1 bp −$83.0K | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02527 | −0.484% | $13K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0267% | 1h | 0.02538 | −0.031% | $114K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02535 | −0.165% | $6K | $111 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0155% | 8h | 0.02527 | −0.465% | $20.7M | $12.9M | 50x | as long as short |
| 01 Exchange MONUSDshort | −0.0008% | 1h | 0.02531 | −0.331% | $6K | $1K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02538 | −0.035% | $105K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0065% | 1h | 0.02539 | −0.012% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0082% | 4h | 0.02537 | −0.087% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02532 | −0.284% | $844K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02529 | −0.388% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02537 | −0.097% | $408K | $540K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02531 | −0.307% | $34.3M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02535 | −0.179% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02530 | −0.343% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02530 | −0.362% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02530 | −0.343% | $24.1M | $26.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02527 | −0.480% | $4.2M | $5.8M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02531 | −0.323% | $953K | $926K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02534 | −0.205% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02531 | −0.323% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02531 | −0.342% | $752K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02528 | −0.450% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02529 | −0.392% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02530 | −0.362% | $68K | $501K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02538 | −0.047% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | −0.362% | $105K | $4K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02531 | −0.314% | $50K | $516K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02538 | −0.051% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0243% | 1h | 0.02532 | −0.286% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02537 | −0.071% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02539 | −0.008% | $1.3M | $308K | 75x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0490% | 1h | 0.02539 | long leg | $270K | $100K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02533 | −0.260% | $111K | $52K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Coinbase International MON-PERP-INTX