MON

Alert

Funding spread now, next payment 18:00 UTC−0.0100%/8h

next payment, per $10,000−$0.13paid, last 24h−0.173%paid, last 7 days−0.684%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MON_USDC_PERP	0.02559	0.0100	pay 0.0013% / 1h	38m 36s	$123K	$126K	10x
Short	Deribit MON_USDC-PERPETUAL	0.02560	0	get 0.0000% / 1h	38m 36s	$46K	$72K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee DeribitbpOrdersRate

Funding earned: −$21
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.063%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 1 min ago	0.98 bp	13.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MON/USDC PERP	−0.0302%	1h	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0040%	1h	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	$13K	$386K	5x	as long as short
Deribit MON_USDC-PERPETUALshort	0.0000%	1h	$46K	$72K	25x
Bybit MONUSDT	+0.0010%	8h	$21.3M	$11.0M	50x	as long as short
BloFin MON-USDT	+0.0092%	4h	$1.4M	$200K	75x	as long as short
Lighter MON	+0.0096%	1h	$845K	$750K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	$302K	$506K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	$106K	$239K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	$13K	—	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	$154K	$96K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	$24.3M	$23.2M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	$4.4M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	$105K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	$964K	$934K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	$2.6M	$1.7M	25x	as long as short
Backpack MON_USDC_PERPlong	+0.0100%	1h	$123K	$126K	10x
Variational Omni MON	+0.0100%	8h	$781K	$302K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	$47K	$239K	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	$68K	$494K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	$17K	$64K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	$5K	$6K	5x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	$8K	$42	5x	as long as short
Extended MON-USD	+0.0104%	1h	$45K	$400K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	$39K	—	3x	as long as short
Hyperliquid MON	+0.0200%	1h	$34.5M	$7.4M	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0343%	1h	$6K	—	50x	as long as short
Perpl MON	+0.0447%	43m	$212K	$1.6M	10x	as long as short
KuCoin MONUSDTM	+0.0486%	4h	$2.6M	$709K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0928%	1h	$114K	$50K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1075%	1h	$254K	$68K	10x	as long as short
Aftermath Perps MONUSD	+0.1306%	1h	$6K	$68K	10x	as long as short