MON

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0347%/8h= +38.0% APRnext payment +$0.43 per $10,000 · paid last 24h +0.008%

Price spread now: GMX against Backpack−0.100%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.100% cheaper against Backpack than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MON_USDC_PERP	0.02509	−0.0101	get 0.0013% / 1h	14m 26s	$114K	$154K	10x
Short	GMX MON/USD [ETH-USDC]	0.02507	L +0.0231% / S −0.0246%	get 0.0031% / 1h	14m 26s	$6K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $72.97
Price spread: −0.100% → 0.000%: −$9.96
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $41.01
Costs to cover: 0.220%
Break-even: 3.1 days

Slippage unknown: Backpack: live order book, 34 min ago; GMX: no order-book sample. 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 Backpack live order book, 34 min ago	0.80 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Backpack MON_USDC_PERPlong	−0.0101%	1h	0.02509	long leg	$114K	$154K	10x
Bybit MONUSDT	−0.0009%	8h	0.02508	−0.052%	$20.6M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02499	−0.395%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02507	−0.076%	$74K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02511	+0.064%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−0.809%	$5K	$113	5.5x	as long as short
Aftermath Perps MONUSD	+0.0082%	1h	0.02495	−0.565%	$6K	$92K	10x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02507	−0.092%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02509	−0.012%	$817K	$767K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02509	−0.008%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02514	+0.171%	$412K	$571K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02514	+0.179%	$33.7M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02510	+0.014%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02508	−0.032%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02510	+0.028%	$139K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02510	+0.024%	$23.8M	$27.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02510	+0.028%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−1.188%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02508	−0.052%	$941K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02512	+0.108%	$2.9M	$765K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02511	+0.068%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02503	−0.268%	$739K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02501	−0.342%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	−0.291%	$556K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02503	−0.251%	$68K	$530K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02506	−0.132%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02511	+0.073%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02509	−0.008%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0231% / S −0.0246%	1h	0.02507	−0.100%	$6K	—	50x
BloFin MON-USDT	+0.0340%	4h	0.02500	−0.371%	$1.3M	$346K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02513	+0.128%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02515	+0.207%	$110K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1014%	1h	0.02509	−0.012%	$269K	$119K	10x	as long as short