Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.133%

Price spread now: Kraken Futures against KuCoin−0.024%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1641.643% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.656%+$66 on $10k

Price spread, last 4 days (all we have)+0.264%+$26 · spread now −0.024%, 7d avg +0.009%

Together, before fees+0.921%+$92 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.009%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.656% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02545	0.0100	pay 0.0050% / 4h	8m 21s	$2.9M	$638K	75x
Short	Kraken Futures PF_MONUSD	0.02544	0.0204	get 0.0026% / 1h	8m 21s	$275K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.024%Rate

Funding earned: $21.85
Price spread: −0.024% → +0.009%: −$3.28
Slippage, 4 orders: −$142.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$145.73
Costs to cover: 1.643%
Break-even: 53.7 days

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: live order book, 32 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, 2 min ago	15.70 bp	33.3 bp −$33	600.0 bp −$6,000	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 32 min ago	23.67 bp	35.1 bp −$35	513.8 bp −$5,138	doesn't fit	doesn't fit

MON on 33 exchanges

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	0.02541	−0.169%	$12K	$284K	5x	as long as short
01 Exchange MONUSD	−0.0120%	1h	0.02543	−0.086%	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	−0.0005%	1h	0.02546	+0.043%	$114K	$140K	10x	as long as short
Perpl MON	0.0000%	43m	0.02543	−0.086%	$117K	$2.1M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02541	−0.145%	$83K	$99K	25x	as long as short
Bybit MONUSDT	+0.0007%	8h	0.02541	−0.161%	$21.6M	$12.4M	50x	as long as short
Injective MON/USDC PERP	+0.0033%	1h	0.02541	−0.157%	$6K	$92	5.5x	as long as short
Paradex MON-USD-PERP	+0.0076%	8h	0.02540	−0.193%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02542	−0.118%	$834K	$701K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02547	+0.074%	$410K	$518K	10x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02544	−0.031%	$34.2M	$5.7M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02543	−0.062%	$100K	$187K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02543	−0.092%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02543	−0.059%	$141K	$80K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02542	−0.119%	$24.4M	$23.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02543	−0.079%	$4.2M	$5.4M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02544	−0.039%	$1.2M	$1.3M	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02545	long leg	$2.9M	$638K	75x
Bitget MONUSDT	+0.0100%	4h	0.02544	−0.039%	$2.8M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02538	−0.283%	$757K	$328K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02539	−0.222%	$42K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02541	−0.150%	$566K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02539	−0.236%	$69K	$546K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02543	−0.079%	$16K	$35K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02541	−0.157%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02540	−0.196%	$104K	$238	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02543	−0.061%	$58K	$511K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02541	−0.165%	$38K	—	3x	as long as short
Kraken Futures PF_MONUSDshort	+0.0204%	1h	0.02544	−0.024%	$275K	$114K	10x
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02540	−0.181%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02540	−0.196%	$1.4M	$366K	75x	as long as short
Aftermath Perps MONUSD	+0.0462%	1h	0.02541	−0.146%	$7K	$95K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0632%	1h	0.02548	+0.114%	$107K	$55K	50x	as long as short