MON

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0456%/8h= −49.9% APRnext payment −$0.57 per $10,000 · paid last 24h −0.194%

Price spread now: Deribit against Coinbase International−2.134%7-day average −0.490% · you buy dearer than you sell

Net, funding: paid 7d − costs−$424as in the Funding arb table

Net, price: spread back to 7d avg − costs−$496as in the Price arb table

costs, in and out, $10k−$3313.314% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.927%−$93 on $10k

Price spread, last 4 days (all we have)+1.900%+$190 · spread now −2.134%, 7d avg −0.490%

Together, before fees+0.973%+$97 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 1.644% cheaper against Coinbase International than usual: you would sell low and buy high (−$164 if the spread goes back to its 7-day average of −0.490%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02530	0.0456	pay 0.0057% / 1h	33m 27s	$110K	$54K	50x
Short	Deribit MON_USDC-PERPETUAL	0.02476	0	get 0.0000% / 1h	33m 27s	$73K	$136K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −2.134%Rate

Funding earned: −$95.76
Price spread: −2.134% → −0.490%: −$164.42
Slippage, 4 orders: −$314.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$591.6
Costs to cover: 3.314%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 14 min ago; Deribit: live order book, 55 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 Coinbase International live order book, 14 min ago	29.25 bp	144.1 bp −$144	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 55 min ago	6.33 bp	9.8 bp −$10	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	−0.0120%	1h	0.02478	−2.063%	$115K	$156K	10x	as long as short
Bybit MONUSDT	−0.0004%	8h	0.02471	−2.332%	$20.3M	$13.6M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02484	−1.830%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUALshort	0.0000%	1h	0.02476	−2.134%	$73K	$136K	25x
01 Exchange MONUSD	+0.0032%	1h	0.02473	−2.265%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02496	−1.344%	$5K	$111	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02478	−2.055%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02475	−2.174%	$819K	$752K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02474	−2.219%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02476	−2.143%	$403K	$579K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02476	−2.119%	$33.2M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02475	−2.186%	$98K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02472	−2.288%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02475	−2.174%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02472	−2.292%	$23.5M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02473	−2.253%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02490	−1.581%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02472	−2.292%	$924K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02474	−2.213%	$2.8M	$763K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02475	−2.174%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02482	−1.893%	$737K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02489	−1.609%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02488	−1.674%	$560K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02490	−1.581%	$68K	$528K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02475	−2.174%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02472	−2.307%	$47K	$288K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02475	−2.178%	$37K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0213%	1h	0.02484	−1.806%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02475	−2.154%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02491	−1.542%	$1.3M	$345K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02476	−2.138%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0456%	1h	0.02530	long leg	$110K	$54K	50x
Kraken Futures PF_MONUSD	+0.1027%	1h	0.02479	−2.035%	$266K	$114K	10x	as long as short