Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h +0.014%
Price spread now: Deribit against Bulk+0.646%7-day average +0.037% · 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−$11as in the Price arb table
costs, in and out, $10k−$720.720% of the position
Funding, last 4 days (all we have)+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.646%, 7d avg +0.037%
=The price spread pays, funding is against you. Deribit is 0.610% dearer against Bulk than usual: you sell high and buy low (spread +0.646% now, against its 7-day average of +0.037%): +$61 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MON-USD | 0.02542 | 0.0100 | pay 0.0013% / 1h | 2m 28s | $104K | −$0 | 10x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02558 | 0 | get 0.0000% / 1h | 2m 28s | $73K | $135K | 25x |
Bulk MON-USD
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: +0.646% → +0.037%
- $60.99
- Slippage, 4 orders
- −$57.99
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$32
- Costs to cover
- 0.720%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 31 min ago; Deribit: live order book, 6 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, 31 min ago | 19.96 bp | 23.5 bp −$23 | 55.4 bp −$554 | 610.6 bp −$61.1K | doesn't fit |
| Sell Deribit live order book, 6 min ago | 9.04 bp | 12.5 bp −$13 | 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 | −0.0144% | 1h | 0.02558 | +0.623% | $116K | $150K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −1.447% | $5K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02553 | +0.450% | $14K | $346K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02558 | +0.646% | $73K | $135K | 25x | |
| Lighter MON | +0.0096% | 1h | 0.02559 | +0.678% | $833K | $781K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02555 | +0.538% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02561 | +0.773% | $394K | $576K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02560 | +0.709% | $34.6M | $6.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02558 | +0.642% | $101K | $202K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02557 | +0.611% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Phoenix MON
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02558 | +0.619% | $142K | $89K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02558 | +0.639% | $24.6M | $26.9M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02555 | +0.517% | $21.3M | $13.5M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02557 | +0.599% | $4.3M | $6.2M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02557 | +0.599% | $998K | $1.1M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02559 | +0.678% | $2.9M | $756K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02558 | +0.639% | $2.8M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02559 | +0.681% | $760K | $376K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02562 | +0.794% | $42K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02559 | +0.678% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02560 | +0.717% | $69K | $545K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02557 | +0.599% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02557 | +0.599% | $5K | $6K | 5x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02542 | long leg | $104K | −$0 | 10x | |
| Extended MON-USD | +0.0104% | 1h | 0.02561 | +0.747% | $61K | $329K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02557 | +0.611% | $39K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0176% | 1h | 0.02558 | +0.635% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02556 | +0.552% | $7K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02561 | +0.757% | $1.4M | $404K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02560 | +0.733% | $119K | $2.1M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0603% | 1h | 0.02555 | +0.536% | $4K | $97K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02575 | +1.311% | $114K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0782% | 1h | 0.02560 | +0.723% | $275K | $118K | 10x | as long as short |
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD