Funding you earn now, next payment 23:00 UTC+0.0380%/8h= +41.6% APRnext payment +$0.48 per $10,000 · paid last 24h +0.220%
Price spread now: Coinbase International against Pacifica+2.058%7-day average +0.465% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$2942.942% of the position
Funding, last 7 days+0.912%+$91 on $10k
+Price spread, last 3 days (all we have)−1.506%−$151 · spread now +2.058%, 7d avg +0.465%
=Together, before fees−0.594%+ Points / potential airdropPacifica: Active · farm board−$59 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 1.592% dearer against Pacifica than usual: you sell high and buy low: +$159 more if the spread goes back to its 7-day average of +0.465%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MON | 0.02556 | 0.0100 | pay 0.0013% / 1h | 11m 35s | $141K | $105K | 3x |
| Short | Coinbase International MON-PERP-INTX | 0.02609 | 0.0480 | get 0.0060% / 1h | 11m 35s | $115K | $50K | 50x |
Pacifica MON
Coinbase International MON-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $79.8
- Price spread: +2.058% → +0.465%
- $159.23
- Slippage, 4 orders
- −$276.22
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$55.19
- Costs to cover
- 2.942%
- Break-even
- 11.8 days
Slippage from Pacifica: live order book, 1 min ago; Coinbase International: 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 Pacifica live order book, 1 min ago | 3.91 bp | 20.9 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 36.15 bp | 123.4 bp −$123 | doesn't fit | 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 | −0.0121% | 1h | 0.02559 | +0.106% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02555 | −0.067% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0030% | 8h | 0.02553 | −0.129% | $21.1M | $12.1M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02557 | +0.012% | $13K | $360K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02555 | −0.035% | $69K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02555 | −0.051% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02556 | −0.012% | $849K | $794K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0096% | 8h | 0.02554 | −0.079% | $8K | $42 | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0098% | 1h | 0.02559 | +0.115% | $3K | $75K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02558 | +0.050% | $390K | $542K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Aftermath Perps MONUSD
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02557 | +0.035% | $34.6M | $7.7M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02557 | +0.014% | $106K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02557 | +0.039% | $13K | — | 5x | as long as short |
| Pacifica MONlong | +0.0100% | 1h | 0.02556 | long leg | $141K | $105K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02556 | −0.026% | $24.4M | $25.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02552 | −0.168% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −0.051% | $107K | $390 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02556 | −0.012% | $975K | $912K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02557 | +0.027% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02556 | −0.023% | $127K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02557 | +0.032% | $772K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02555 | −0.043% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02558 | +0.072% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02558 | +0.067% | $68K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02554 | −0.090% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02558 | +0.073% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02553 | −0.129% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0254% | 4h | 0.02562 | +0.223% | $3.0M | $719K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02557 | +0.031% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02557 | +0.027% | $1.3M | $306K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0423% | 1h | 0.02557 | +0.042% | $269K | $78K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02559 | +0.102% | $125K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTXshort | +0.0480% | 1h | 0.02609 | +2.058% | $115K | $50K | 50x |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Perpl MON