Funding you earn now, next payment 23:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Pacifica−0.193%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$940.937% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.193%, 7d avg −0.115%
=Together, before fees−0.048%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.078% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.115%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MON | 0.02592 | 0.0100 | pay 0.0013% / 1h | 39m 24s | $143K | $107K | 3x |
| Short | Bybit MONUSDT | 0.02587 | −0.0037 | pay 0.0037% / 8h | 1h 39m | $21.5M | $11.8M | 50x |
Pacifica MON
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Pacifica. 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
- −$28.84
- Price spread: −0.193% → −0.115%
- −$7.82
- Slippage, 4 orders
- −$74.74
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$130.4
- Costs to cover
- 0.937%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 43 min ago; Bybit: live order book, 4 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 Pacifica live order book, 43 min ago | 1.92 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.93 bp | 27.8 bp −$28 | 74.1 bp −$741 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MON_USDC-PERPETUAL | −0.0058% | 1h | 0.02594 | +0.077% | $70K | $119K | 25x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02582 | −0.386% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDTshort | −0.0037% | 8h | 0.02587 | −0.193% | $21.5M | $11.8M | 50x | |
| 01 Exchange MONUSD | −0.0008% | 1h | 0.02592 | −0.012% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02590 | −0.069% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02591 | −0.023% | $144K | $1.8M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0027% | 1h | 0.02590 | −0.088% | $2K | $74K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0074% | 4h | 0.02592 | 0.000% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0076% | 8h | 0.02590 | −0.083% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02591 | −0.039% | $858K | $763K | 10x | as long as short |
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Perpl MON
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02594 | +0.073% | $35.1M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02593 | +0.033% | $108K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02593 | +0.044% | $13K | — | 5x | as long as short |
| Pacifica MONlong | +0.0100% | 1h | 0.02592 | long leg | $143K | $107K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02589 | −0.116% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02587 | −0.193% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02585 | −0.255% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02592 | 0.000% | $1.0M | $863K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02592 | 0.000% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02587 | −0.185% | $780K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02589 | −0.117% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02592 | −0.015% | $583K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02590 | −0.077% | $69K | $480K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02595 | +0.117% | $389K | $537K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02593 | +0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02595 | +0.104% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02593 | +0.019% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0173% | 1h | 0.02596 | +0.135% | $268K | $70K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02591 | −0.023% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02586 | −0.231% | $1.4M | $294K | 75x | as long as short |
| KuCoin MONUSDTM | +0.0358% | 4h | 0.02598 | +0.231% | $3.3M | $727K | 75x | as long as short |
| Backpack MON_USDC_PERP | +0.0396% | 1h | 0.02595 | +0.131% | $139K | $136K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +0.567% | $114K | $49K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
KuCoin MONUSDTM
Backpack MON_USDC_PERP
Coinbase International MON-PERP-INTX