MON

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h +0.057%

Price spread now: Backpack against 01 Exchange+0.095%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.095% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MONUSD	0.02522	0.0200	pay 0.0025% / 1h	34m 36s	$6K	$1K	5x
Short	Backpack MON_USDC_PERP	0.02524	0.0090	get 0.0011% / 1h	34m 36s	$112K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$23.13
Price spread: +0.095% → 0.000%: $9.52
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$30.61
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 18 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 18 min ago	0.20 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0203%	1h	0.02528	+0.254%	$5K	$111	5.5x	as long as short
Bybit MONUSDT	−0.0030%	8h	0.02519	−0.087%	$20.7M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02522	+0.012%	$12K	$358K	5x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02522	+0.016%	$16K	$46K	10x	as long as short
Backpack MON_USDC_PERPshort	+0.0090%	1h	0.02524	+0.095%	$112K	$151K	10x
Lighter MON	+0.0096%	1h	0.02524	+0.095%	$846K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02521	−0.028%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02525	+0.127%	$413K	$584K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02524	+0.087%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02522	−0.001%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02521	−0.033%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02523	+0.056%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02521	−0.038%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02520	−0.063%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02521	−0.005%	$103K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02521	−0.024%	$943K	$982K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02525	+0.135%	$2.9M	$761K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02521	−0.024%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02519	−0.121%	$746K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02521	−0.018%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	−0.071%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02523	+0.056%	$68K	$518K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02523	+0.056%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02524	+0.082%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02517	−0.194%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0186%	1h	0.02524	+0.087%	$74K	$136K	25x	as long as short
01 Exchange MONUSDlong	+0.0200%	1h	0.02522	long leg	$6K	$1K	5x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02523	+0.036%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0318%	1h	0.02521	−0.022%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02521	−0.024%	$1.3M	$340K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02526	+0.186%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02524	+0.075%	$114K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0722%	1h	0.02527	+0.195%	$271K	$113K	10x	as long as short