MON

Alert

Funding spread now, next payment 19:00 UTC−0.0532%/8h

next payment, per $10,000−$0.66paid, last 24h+0.173%paid, last 7 days+0.684%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MON_USDC-PERPETUAL	0.02530	0	get 0.0000% / 1h	58m 49s	$47K	$74K	25x
Short	Backpack MON_USDC_PERP	0.02529	−0.0532	pay 0.0066% / 1h	58m 49s	$123K	$128K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BackpackbpOrdersRate

Funding earned: −$111.66
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$128.66
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 41 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.024%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 41 min ago	0.98 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MON on 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack MON_USDC_PERPshort	−0.0532%	1h	$123K	$128K	10x
Injective MON/USDC PERP	−0.0220%	1h	$6K	$105	5.5x	as long as short
Bybit MONUSDT	−0.0149%	8h	$21.0M	$11.3M	50x	as long as short
01 Exchange MONUSD	−0.0144%	1h	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	$13K	$379K	5x	as long as short
Deribit MON_USDC-PERPETUALlong	0.0000%	1h	$47K	$74K	25x
Lighter MON	+0.0096%	1h	$826K	$748K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	$310K	$528K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	$34.1M	$7.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	$105K	$241K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	$144K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	$23.9M	$23.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	$4.3M	$5.9M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	$964K	$936K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	$2.6M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	$783K	$334K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	$46K	$241K	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	$67K	$492K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	$16K	$64K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	$103K	$5K	10x	as long as short
Extended MON-USD	+0.0104%	1h	$45K	$400K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	$38K	—	3x	as long as short
BloFin MON-USDT	+0.0122%	4h	$1.3M	$207K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0202%	1h	$252K	$73K	10x	as long as short
Perpl MON	+0.0223%	43m	$208K	$1.7M	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0343%	1h	$6K	—	50x	as long as short
KuCoin MONUSDTM	+0.0284%	4h	$2.6M	$671K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	$113K	$51K	50x	as long as short
Aftermath Perps MONUSD	+0.0842%	1h	$2K	$73K	10x	as long as short