Funding you earn now, next payment 05:00 UTC+0.0356%/8h= +39.0% APRnext payment +$0.44 per $10,000 · paid last 24h +0.211%
Price spread now: Coinbase International against Bulk+1.412%7-day average +0.539% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$3523.517% of the position
Funding, last 4 days (all we have)+0.622%+$62 on $10k
+Price spread, last 4 days (all we have)−0.719%−$72 · spread now +1.412%, 7d avg +0.539%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.873% dearer against Bulk than usual: you sell high and buy low: +$87 more if the spread goes back to its 7-day average of +0.539%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MON-USD | 0.02479 | 0.0100 | pay 0.0013% / 1h | 12m 48s | $102K | $1K | 10x |
| Short | Coinbase International MON-PERP-INTX | 0.02515 | 0.0456 | get 0.0057% / 1h | 12m 48s | $110K | $56K | 50x |
Bulk MON-USD
Coinbase International MON-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bulk. 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
- $74.76
- Price spread: +1.412% → +0.539%
- $87.31
- Slippage, 4 orders
- −$334.69
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$189.62
- Costs to cover
- 3.517%
- Break-even
- 24.8 days
Slippage from Bulk: live order book, 36 min ago; Coinbase International: live order book, 35 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 Bulk live order book, 36 min ago | 20.04 bp | 23.5 bp −$24 | 59.0 bp −$590 | 106.1 bp −$10.6K | 734.0 bp −$367.0K |
| Sell Coinbase International live order book, 35 min ago | 29.25 bp | 160.6 bp −$161 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0091% | 1h | 0.02514 | +1.372% | $114K | $154K | 10x | as long as short |
| Bybit MONUSDT | −0.0006% | 8h | 0.02512 | +1.311% | $20.6M | $13.7M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02499 | +0.803% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02513 | +1.331% | $74K | $135K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02512 | +1.307% | $7K | $2K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02506 | +1.069% | $5K | $114 | 5.5x | as long as short |
| Aftermath Perps MONUSD | +0.0057% | 1h | 0.02500 | +0.838% | $5K | $94K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02513 | +1.351% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02514 | +1.392% | $819K | $768K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02512 | +1.318% | $8K | $42 | 5x | as long as short |
Backpack MON_USDC_PERP
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Injective MON/USDC PERP
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow 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 | +1.376% | $412K | $571K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02516 | +1.460% | $33.7M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02514 | +1.372% | $100K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02514 | +1.373% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02513 | +1.363% | $139K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02513 | +1.351% | $23.9M | $27.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02511 | +1.271% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02479 | long leg | $102K | $1K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02512 | +1.311% | $942K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02513 | +1.351% | $2.9M | $765K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02514 | +1.392% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02503 | +0.931% | $739K | $410K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02505 | +1.024% | $41K | $252K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02508 | +1.150% | $557K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02507 | +1.109% | $68K | $530K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02511 | +1.271% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02514 | +1.396% | $47K | $281K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02511 | +1.287% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02513 | +1.335% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02510 | +1.230% | $1.3M | $347K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02512 | +1.327% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTXshort | +0.0456% | 1h | 0.02515 | +1.412% | $110K | $56K | 50x | |
| Kraken Futures PF_MONUSD | +0.1012% | 1h | 0.02514 | +1.402% | $270K | $119K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD