Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.016%
Price spread now: Binance against Deribit−0.070%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.070%, 7d avg −0.042%
=Funding pays, the price is against you. Binance is 0.029% cheaper against Deribit than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.042%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02501 | 0 | get 0.0000% / 1h | 52m 01s | $74K | $136K | 25x |
| Short | Binance MONUSDT | 0.02500 | 0.0100 | get 0.0050% / 4h | 2h 52m | $23.8M | $27.0M | 75x |
Deribit MON_USDC-PERPETUAL
Binance MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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: −0.070% → −0.042%
- −$2.87
- Slippage, 4 orders
- −$44.31
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.18
- Costs to cover
- 0.613%
- Break-even
- 21.4 days
Slippage from Deribit: live order book, 37 min ago; Binance: live order book, 4 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 Deribit live order book, 37 min ago | 6.33 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.00 bp | 18.2 bp −$18 | 59.1 bp −$591 | 293.2 bp −$29.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | 0.0000% | 1h | 0.02497 | −0.184% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALlong | 0.0000% | 1h | 0.02501 | long leg | $74K | $136K | 25x | |
| Backpack MON_USDC_PERP | +0.0008% | 1h | 0.02501 | −0.016% | $110K | $153K | 10x | as long as short |
| Bybit MONUSDT | +0.0017% | 8h | 0.02498 | −0.156% | $20.5M | $13.5M | 50x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02496 | −0.220% | $5K | $111 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02501 | −0.020% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02502 | +0.020% | $839K | $732K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02500 | −0.048% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02501 | −0.008% | $33.6M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02500 | −0.048% | $100K | $218K | 10x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Bybit MONUSDT
Injective MON/USDC PERP
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02497 | −0.163% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02500 | −0.076% | $138K | $92K | 3x | as long as short |
| Binance MONUSDTshort | +0.0100% | 4h | 0.02500 | −0.070% | $23.8M | $27.0M | 75x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02498 | −0.140% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | −0.060% | $103K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02500 | −0.060% | $934K | $985K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02505 | +0.140% | $2.9M | $763K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02500 | −0.060% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02495 | −0.257% | $740K | $403K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02496 | −0.222% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02501 | −0.029% | $563K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02499 | −0.100% | $68K | $522K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02502 | 0.000% | $405K | $587K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02500 | −0.060% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02501 | −0.007% | $48K | $285K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02500 | −0.060% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0160% | 1h | 0.02504 | +0.080% | $6K | $1K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02500 | −0.060% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0264% | 1h | 0.02498 | −0.122% | $2K | $78K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02495 | −0.260% | $1.3M | $337K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02501 | 0.000% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +1.139% | $110K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1017% | 1h | 0.02504 | +0.081% | $269K | $112K | 10x | as long as short |
dYdX MON-USD
Pacifica MON
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD