MON

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0238%/8h= −26.1% APRnext payment −$1.19 per $10,000 · paid last 24h −0.057%

Price spread now: Gate against KuCoin−0.231%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1431.429% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.311%+$31 · spread now −0.231%, 7d avg −0.033%

Together, before fees+0.324%+$32 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 Gate is 0.197% cheaper against KuCoin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 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	0.02602	0.0338	pay 0.0169% / 4h	2h 35m	$3.2M	$745K	75x
Short	Gate MON_USDT	0.02596	0.0100	get 0.0050% / 4h	2h 35m	$1.0M	$931K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.231%Rate

Funding earned: −$49.98
Price spread: −0.231% → −0.033%: −$19.73
Slippage, 4 orders: −$115.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$212.62
Costs to cover: 1.429%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago	13.49 bp	45.6 bp −$46	636.4 bp −$6,364	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	7.70 bp	28.9 bp −$29	294.6 bp −$2,946	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
Injective MON/USDC PERP	−0.0739%	1h	0.02587	−0.576%	$6K	$107	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0289%	1h	0.02596	−0.242%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0240%	1h	0.02593	−0.354%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02587	−0.569%	$13K	$384K	5x	as long as short
Bybit MONUSDT	+0.0005%	8h	0.02593	−0.346%	$21.6M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02593	−0.346%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02594	−0.311%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02596	−0.231%	$850K	$753K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02597	−0.174%	$364K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02597	−0.196%	$35.0M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02596	−0.241%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02597	−0.175%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02595	−0.254%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02595	−0.269%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02594	−0.307%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02581	−0.814%	$108K	$3K	10x	as long as short
Gate MON_USDTshort	+0.0100%	4h	0.02596	−0.231%	$1.0M	$931K	50x
Bitget MONUSDT	+0.0100%	4h	0.02597	−0.192%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02584	−0.710%	$777K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02584	−0.676%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02588	−0.537%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02587	−0.576%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02594	−0.307%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02596	−0.223%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02593	−0.334%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02597	−0.193%	$268K	$67K	10x	as long as short
BloFin MON-USDT	+0.0155%	4h	0.02594	−0.307%	$1.4M	$243K	75x	as long as short
Backpack MON_USDC_PERP	+0.0248%	1h	0.02595	−0.261%	$137K	$137K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02596	−0.211%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0267%	1h	0.02590	−0.460%	$2K	$73K	10x	as long as short
KuCoin MONUSDTMlong	+0.0338%	4h	0.02602	long leg	$3.2M	$745K	75x
Perpl MON	+0.0447%	43m	0.02595	−0.277%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02604	+0.092%	$115K	$51K	50x	as long as short