data as of
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Funding arb /

MON

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC+0.0177%/8h
next payment, per $10,000+$0.22paid, last 24h−0.072%paid, last 7 days−0.544%to open and close $10k−$50
Long on BackpackShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack MON_USDC_PERP0.025410.0071pay 0.0009% / 1h59m 35s$133K$135K10x
ShortHyperliquid MON0.025430.0248get 0.0031% / 1h59m 35s$34.4M$7.4M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$37.07
Slippage, 4 orders
−$31.47
Fee Backpack: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13.4
Break-even
9.5 days
Slippage from Backpack: live order book, 35 min ago; Hyperliquid: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.118%
Avg gap 7d
+0.102%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 35 min ago0.20 bp13.1 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.98 bp12.5 bp −$13doesn't fitdoesn't fitdoesn't fit

MON on 32 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MON/USDC PERP−0.0220%1h$6K$1095.5xas long as short
Bybit MONUSDT−0.0047%8h$21.1M$11.2M50xas long as short
Phoenix MON0.0000%1h$13K$391K5xas long as short
Perpl MON0.0000%43m$209K$1.7M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h$47K$74K25xas long as short
Backpack MON_USDC_PERPlong+0.0071%1h$133K$135K10x
BloFin MON-USDT+0.0091%4h$1.3M$214K75xas long as short
Lighter MON+0.0096%1h$828K$750K10xas long as short
Paradex MON-USD-PERP+0.0100%8h$8K$425xas long as short
Nado MON-PERP+0.0100%1h$316K$529K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster MONUSDT+0.0100%4h$106K$240K10xas long as short
dYdX MON-USD+0.0100%1h$13K—5xas long as short
Pacifica MON+0.0100%1h$144K$104K3xas long as short
Binance MONUSDT+0.0100%4h$24.0M$23.7M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h$4.3M$5.8M50xas long as short
Gate MON_USDT+0.0100%4h$960K$927K50xas long as short
Bitget MONUSDT+0.0100%4h$2.6M$1.7M25xas long as short
Variational Omni MON+0.0100%8h$757K$366K—as long as short
edgeX MONUSDC+0.0100%4h$47K$241K10xas long as short
ApeX Omni MONUSDT+0.0100%1h$68K$491K50xas long as short
Orderly PERP_MON_USDC+0.0100%4h$17K$64K10xas long as short
SoDEX MON-USD+0.0100%1h$5K$6K5xas long as short
Bulk MON-USD+0.0100%1h$104K$5K10xas long as short
Extended MON-USD+0.0104%1h$45K$400K10xas long as short
Aevo MON-PERP+0.0104%1h$38K—3xas long as short
01 Exchange MONUSD+0.0112%1h$6K$1K5xas long as short
KuCoin MONUSDTM+0.0186%4h$2.6M$667K75xas long as short
Kraken Futures PF_MONUSD+0.0201%1h$253K$61K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0343%1h$6K—50xas long as short
Hyperliquid MONshort+0.0248%1h$34.4M$7.4M5x
Aftermath Perps MONUSD+0.0497%1h$2K$72K10xas long as short
Coinbase International MON-PERP-INTX+0.0808%1h$113K$51K50xas long as short