Funding you earn now, next payment 04:00 UTC+0.0442%/8h= +48.4% APRnext payment +$0.55 per $10,000 · paid last 24h +0.179%
Price spread now: Kraken Futures against Bulk+0.264%7-day average +0.104% · 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−$129as in the Price arb table
costs, in and out, $10k−$1451.449% of the position
Funding, last 4 days (all we have)+0.607%+$61 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.264%, 7d avg +0.104%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.160% dearer against Bulk than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MON-USD | 0.02505 | 0.0100 | pay 0.0013% / 1h | 17m 11s | $103K | $5K | 10x |
| Short | Kraken Futures PF_MONUSD | 0.02511 | 0.0542 | get 0.0068% / 1h | 17m 11s | $269K | $114K | 10x |
Bulk MON-USD
Kraken Futures PF_MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $92.91
- Price spread: +0.264% → +0.104%
- $16.02
- Slippage, 4 orders
- −$127.94
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$36
- Costs to cover
- 1.449%
- Break-even
- 9.7 days
Slippage from Bulk: live order book, 42 min ago; Kraken Futures: live order book, 40 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, 42 min ago | 19.80 bp | 23.3 bp −$23 | 32.8 bp −$328 | 180.9 bp −$18.1K | doesn't fit |
| Sell Kraken Futures live order book, 40 min ago | 27.79 bp | 36.4 bp −$36 | 457.6 bp −$4,576 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0232% | 1h | 0.02508 | +0.129% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0177% | 1h | 0.02510 | +0.213% | $113K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02498 | −0.274% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0141% | 8h | 0.02506 | +0.045% | $20.7M | $13.3M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02502 | −0.094% | $12K | $359K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02508 | +0.113% | $107K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02509 | +0.169% | $74K | $136K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0072% | 4h | 0.02508 | +0.125% | $16K | $35K | 10x | as long as short |
| Variational Omni MON | +0.0076% | 8h | 0.02500 | −0.213% | $738K | $409K | — | as long as short |
| Paradex MON-USD-PERP | +0.0093% | 8h | 0.02505 | +0.024% | $8K | $42 | 5x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Variational Omni MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MON | +0.0096% | 1h | 0.02510 | +0.205% | $845K | $749K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02508 | +0.117% | $423K | $575K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02510 | +0.205% | $33.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02505 | +0.016% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02503 | −0.065% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02506 | +0.053% | $138K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02507 | +0.093% | $23.8M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02506 | +0.045% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02505 | long leg | $103K | $5K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02504 | −0.035% | $939K | $994K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02508 | +0.125% | $2.8M | $757K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02508 | +0.125% | $2.7M | $2.2M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02501 | −0.137% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02505 | +0.005% | $561K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02505 | +0.005% | $67K | $512K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02508 | +0.125% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02510 | +0.191% | $49K | $519K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02508 | +0.125% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0259% | 1h | 0.02505 | −0.003% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02508 | +0.137% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02507 | +0.085% | $1.3M | $338K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02507 | +0.093% | $109K | $57K | 50x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.0542% | 1h | 0.02511 | +0.264% | $269K | $114K | 10x |
Lighter MON
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
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Coinbase International MON-PERP-INTX