MON

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0143%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.193%

Price spread now: Coinbase International against Deribit+0.142%7-day average +0.477% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$770.772% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.923%+$92 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.142%, 7d avg +0.477%

Together, before fees+0.856%+$86 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.335% cheaper against Deribit than usual: you would sell low and buy high (spread +0.142% now, against its 7-day average of +0.477%). If the spread goes back, that is −$33 on $10k: about 7.8 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.923% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MON_USDC-PERPETUAL	0.02526	0.0225	pay 0.0028% / 1h	27m 59s	$74K	$136K	25x
Short	Coinbase International MON-PERP-INTX	0.02530	0.0368	get 0.0046% / 1h	27m 59s	$110K	$57K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.142%Rate

Funding earned: $29.99
Price spread: +0.142% → +0.477%: −$33.47
Slippage, 4 orders: −$60.25
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$80.73
Costs to cover: 0.772%
Break-even: 25.8 days

Slippage from Deribit: live order book, 1 min ago; Coinbase International: live order book, 25 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, 1 min ago	6.33 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 25 min ago	17.19 bp	27.5 bp −$27	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
Injective MON/USDC PERP	−0.0203%	1h	0.02523	−0.135%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0008%	8h	0.02523	−0.135%	$20.8M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02525	−0.044%	$12K	$358K	5x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02526	−0.016%	$16K	$48K	10x	as long as short
Backpack MON_USDC_PERP	+0.0092%	1h	0.02526	−0.004%	$112K	$150K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02527	+0.024%	$847K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02526	−0.013%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02529	+0.117%	$413K	$585K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02526	0.000%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02525	−0.036%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02524	−0.091%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02524	−0.083%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02524	−0.076%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02523	−0.135%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.253%	$103K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02526	−0.016%	$944K	$983K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02529	+0.103%	$2.9M	$761K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02526	−0.016%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02525	−0.073%	$747K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02522	−0.181%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02527	+0.022%	$569K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02526	−0.016%	$69K	$520K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02525	−0.055%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02527	+0.005%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02525	−0.075%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0216%	1h	0.02525	−0.071%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUALlong	+0.0225%	1h	0.02526	long leg	$74K	$136K	25x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02525	−0.067%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02523	−0.135%	$1.3M	$336K	75x	as long as short
Aftermath Perps MONUSD	+0.0351%	1h	0.02524	−0.110%	$2K	$74K	10x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0368%	1h	0.02530	+0.142%	$110K	$57K	50x
Perpl MON	+0.0447%	43m	0.02528	+0.055%	$115K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0721%	1h	0.02528	+0.074%	$272K	$113K	10x	as long as short