Funding you earn now, next payment 22:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h +0.017%
Price spread now: Deribit against BloFin+0.163%57s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as 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−$640.644% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 3 days (all we have)−0.143%−$14 · spread now +0.163%, 7d avg +0.008%
=The price spread pays, funding is against you. Deribit is 0.155% dearer against BloFin than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of +0.008%): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.149% in total) that is about 6.9 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MON-USDT | 0.02579 | 0.0150 | pay 0.0075% / 4h | 1h 59m | $1.4M | $245K | 75x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02583 | −0.0330 | pay 0.0041% / 1h | 59m 32s | $66K | $114K | 25x |
BloFin MON-USDT
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$100.8
- Price spread: +0.163% → +0.008%
- $15.53
- Slippage, 4 orders
- −$45.44
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$149.71
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Deribit: live order book, 64 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 BloFin live order book, 3 min ago | 5.81 bp | 22.8 bp −$23 | 40.5 bp −$405 | 159.8 bp −$16.0K | doesn't fit |
| Sell Deribit live order book, 64 min ago | 8.25 bp | 14.3 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02599 | +0.775% | $6K | $110 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0720% | 1h | 0.02579 | 0.000% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | −0.0330% | 1h | 0.02583 | +0.163% | $66K | $114K | 25x | |
| Bybit MONUSDT | −0.0034% | 8h | 0.02581 | +0.078% | $21.5M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02581 | +0.085% | $13K | $384K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0060% | 1h | 0.02585 | +0.234% | $2K | $73K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0066% | 8h | 0.02580 | +0.034% | $8K | $42 | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0076% | 4h | 0.02582 | +0.116% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02579 | 0.000% | $843K | $760K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02585 | +0.233% | $388K | $536K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Orderly PERP_MON_USDC
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02582 | +0.105% | $34.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02583 | +0.162% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02583 | +0.172% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02579 | 0.000% | $142K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02582 | +0.116% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02575 | −0.155% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02580 | +0.037% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02582 | +0.116% | $1.0M | $862K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02582 | +0.116% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02578 | −0.023% | $777K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02580 | +0.035% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02584 | +0.185% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02580 | +0.039% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02580 | +0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02583 | +0.146% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02581 | +0.078% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02583 | +0.171% | $266K | $67K | 10x | as long as short |
| BloFin MON-USDTlong | +0.0150% | 4h | 0.02579 | long leg | $1.4M | $245K | 75x | |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02584 | +0.186% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0275% | 1h | 0.02581 | +0.085% | $138K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0306% | 4h | 0.02586 | +0.271% | $3.1M | $747K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02582 | +0.124% | $144K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +1.074% | $114K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX