MON

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0250%/8h= −27.4% APRnext payment −$1.25 per $10,000 · paid last 24h −0.057%

Price spread now: Binance against KuCoin−0.366%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.395%+$39 · spread now −0.366%, 7d avg −0.058%

Together, before fees+0.429%+$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.308% cheaper against KuCoin than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02593	0.0350	pay 0.0175% / 4h	1h 38m	$3.2M	$727K	75x
Short	Binance MONUSDT	0.02584	0.0100	get 0.0050% / 4h	1h 38m	$24.5M	$24.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.366%Rate

Funding earned: −$52.5
Price spread: −0.366% → −0.058%: −$30.79
Slippage, 4 orders: −$81.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$186.53
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 3 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 KuCoin live order book, 4 min ago	9.63 bp	40.8 bp −$41	623.7 bp −$6,237	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.93 bp	18.2 bp −$18	72.1 bp −$721	360.1 bp −$36.0K	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	−0.0175%	1h	0.02587	−0.224%	$70K	$119K	25x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02582	−0.424%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0039%	8h	0.02581	−0.447%	$21.5M	$11.7M	50x	as long as short
01 Exchange MONUSD	−0.0008%	1h	0.02589	−0.139%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02590	−0.108%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02590	−0.120%	$144K	$1.8M	10x	as long as short
Aftermath Perps MONUSD	+0.0029%	1h	0.02590	−0.129%	$2K	$74K	10x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02587	−0.231%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0077%	8h	0.02588	−0.211%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02587	−0.231%	$857K	$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	0.02592	−0.023%	$389K	$537K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02587	−0.220%	$35.0M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02588	−0.182%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02593	+0.005%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02590	−0.116%	$143K	$107K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02584	−0.366%	$24.5M	$24.6M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02581	−0.463%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	−0.293%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02589	−0.154%	$1.0M	$863K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02586	−0.270%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02587	−0.224%	$780K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02589	−0.156%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02592	−0.054%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02590	−0.116%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02585	−0.309%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02593	−0.005%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02584	−0.332%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02587	−0.222%	$267K	$70K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02590	−0.108%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02588	−0.193%	$1.4M	$294K	75x	as long as short
KuCoin MONUSDTMlong	+0.0350%	4h	0.02593	long leg	$3.2M	$727K	75x
Backpack MON_USDC_PERP	+0.0383%	1h	0.02586	−0.258%	$138K	$136K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+0.528%	$114K	$49K	50x	as long as short