MON

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0243%/8h= −26.6% APRnext payment −$0.30 per $10,000 · paid last 24h +0.049%

Price spread now: Backpack against ApeX Omni+0.247%84s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$690.689% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.749%+$75 on $10k

Price spread, last 4 days (all we have)−0.728%−$73 · spread now +0.247%, 7d avg +0.016%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.231% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.247% now, against its 7-day average of +0.016%): +$23 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.749%, so the current rate has only just turned against you. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MONUSDT	0.02553	0.0100	pay 0.0013% / 1h	3m 52s	$69K	$546K	50x
Short	Backpack MON_USDC_PERP	0.02559	−0.0143	pay 0.0018% / 1h	3m 52s	$114K	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now +0.247%Rate

Funding earned: −$50.97
Price spread: +0.247% → +0.016%: $23.1
Slippage, 4 orders: −$48.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$96.74
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; Backpack: live order book, 29 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 ApeX Omni live order book, 29 min ago	12.01 bp	20.2 bp −$20	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell Backpack live order book, 29 min ago	0.20 bp	11.9 bp −$12	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
Backpack MON_USDC_PERPshort	−0.0143%	1h	0.02559	+0.247%	$114K	$149K	10x
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−1.880%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02553	+0.008%	$14K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02561	+0.302%	$73K	$135K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02562	+0.353%	$834K	$781K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02558	+0.190%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02561	+0.329%	$34.6M	$6.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02559	+0.235%	$101K	$202K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02560	+0.266%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02560	+0.274%	$142K	$89K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02559	+0.235%	$24.6M	$26.9M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02558	+0.196%	$21.3M	$13.5M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02558	+0.196%	$4.3M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02559	+0.235%	$980K	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02562	+0.353%	$2.9M	$756K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02561	+0.313%	$2.8M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02559	+0.238%	$760K	$376K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02550	−0.099%	$42K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02552	−0.043%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02553	long leg	$69K	$546K	50x
Nado MON-PERP	+0.0100%	1h	0.02562	+0.369%	$394K	$577K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02560	+0.274%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02559	+0.235%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02542	−0.440%	$104K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02562	+0.335%	$61K	$329K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02560	+0.270%	$39K	—	3x	as long as short
01 Exchange MONUSD	+0.0176%	1h	0.02562	+0.364%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02560	+0.278%	$7K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02558	+0.196%	$1.4M	$404K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02562	+0.337%	$119K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0583%	1h	0.02553	+0.006%	$4K	$98K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02575	+0.866%	$114K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0781%	1h	0.02564	+0.413%	$275K	$118K	10x	as long as short