Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.019%
Price spread now: Deribit against Pacifica−0.087%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)+0.324%+$32 · spread now −0.087%, 7d avg +0.017%
=Together, before fees+0.338%+ Points / potential airdropPacifica: Active · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.104% cheaper against Pacifica than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MON | 0.02531 | 0.0100 | pay 0.0013% / 1h | 33m 00s | $140K | $104K | 3x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02529 | 0 | get 0.0000% / 1h | 33m 00s | $68K | $125K | 25x |
Pacifica MON
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: −0.087% → +0.017%
- −$10.36
- Slippage, 4 orders
- −$74.95
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$121.31
- Costs to cover
- 0.900%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 35 min ago; Deribit: live order book, 11 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, 35 min ago | 5.79 bp | 32.4 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 11 min ago | 12.62 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
MON on 32 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 | −0.0388% | 1h | 0.02522 | −0.352% | $5K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0092% | 8h | 0.02528 | −0.115% | $20.8M | $12.8M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0056% | 1h | 0.02528 | −0.107% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02535 | +0.146% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02529 | −0.087% | $68K | $125K | 25x | |
| Orderly PERP_MON_USDC | +0.0059% | 4h | 0.02529 | −0.075% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02529 | −0.075% | $843K | $742K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0096% | 8h | 0.02529 | −0.095% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02530 | −0.016% | $407K | $545K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02532 | +0.035% | $101K | $229K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02532 | +0.055% | $13K | — | 5x | as long as short |
| Pacifica MONlong | +0.0100% | 1h | 0.02531 | long leg | $140K | $104K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02528 | −0.107% | $24.1M | $26.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02529 | −0.075% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02521 | −0.406% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02530 | −0.036% | $949K | $902K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02533 | +0.083% | $2.9M | $745K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02530 | −0.036% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02531 | −0.012% | $120K | $160K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02527 | −0.150% | $751K | $419K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02530 | −0.046% | $43K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02534 | +0.105% | $569K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02533 | +0.083% | $68K | $495K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02528 | −0.115% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02531 | −0.003% | $51K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02527 | −0.154% | $38K | — | 3x | as long as short |
| Hyperliquid MON | +0.0139% | 1h | 0.02531 | −0.016% | $34.3M | $7.7M | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02529 | −0.071% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0349% | 1h | 0.02529 | −0.055% | $3K | $78K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02531 | −0.012% | $155K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02537 | +0.241% | $111K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0845% | 1h | 0.02533 | +0.065% | $275K | $88K | 10x | as long as short |
dYdX MON-USD
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
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
Hyperliquid MON
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD