MON

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.064%

Price spread now: 01 Exchange against Backpack−0.150%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 01 Exchange

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

Funding pays, the price is against you. 01 Exchange is 0.150% cheaper against Backpack than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 14 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MON_USDC_PERP	0.02532	0.0100	pay 0.0013% / 1h	54m 38s	$114K	$151K	10x
Short	01 Exchange MONUSD	0.02528	0.0136	get 0.0017% / 1h	54m 38s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.150%Rate

Funding earned: $7.56
Price spread: −0.150% → 0.000%: −$15.01
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$24.45
Costs to cover: 0.170%
Break-even: 29.6 days

Slippage unknown: Backpack: live order book, 63 min ago; 01 Exchange: 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, 63 min ago	0.20 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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	0.02507	−0.980%	$5K	$109	5.5x	as long as short
Bybit MONUSDT	−0.0082%	8h	0.02528	−0.142%	$20.8M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02520	−0.466%	$12K	$358K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02529	−0.095%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0072%	4h	0.02528	−0.150%	$16K	$34K	10x	as long as short
Paradex MON-USD-PERP	+0.0096%	8h	0.02530	−0.065%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02532	+0.008%	$849K	$732K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02528	−0.154%	$427K	$578K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02530	−0.067%	$34.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02527	−0.182%	$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	0.02529	−0.098%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02530	−0.059%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02531	−0.032%	$24.1M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02531	−0.032%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02525	−0.269%	$104K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02531	−0.032%	$950K	$978K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02531	−0.032%	$2.9M	$756K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02532	+0.008%	$2.7M	$2.2M	25x	as long as short
Backpack MON_USDC_PERPlong	+0.0100%	1h	0.02532	long leg	$114K	$151K	10x
Variational Omni MON	+0.0100%	8h	0.02521	−0.424%	$745K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02520	−0.472%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02522	−0.391%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02521	−0.427%	$68K	$512K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02528	−0.150%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02532	+0.008%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02527	−0.170%	$38K	—	3x	as long as short
01 Exchange MONUSDshort	+0.0136%	1h	0.02528	−0.150%	$6K	$1K	5x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02529	−0.111%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0289%	1h	0.02520	−0.471%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02526	−0.229%	$1.3M	$341K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02524	−0.308%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02528	−0.166%	$115K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0721%	1h	0.02530	−0.068%	$272K	$113K	10x	as long as short