Funding you earn now, next payment 07:00 UTC+0.0734%/8h= +80.4% APRnext payment +$0.92 per $10,000 · paid last 24h +0.172%
Price spread now: Kraken Futures against Deribit+0.077%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days+0.588%+$59 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.077%, 7d avg +0.059%
=The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02502 | 0.0110 | pay 0.0014% / 1h | 54m 10s | $74K | $135K | 25x |
| Short | Kraken Futures PF_MONUSD | 0.02504 | 0.0844 | get 0.0105% / 1h | 54m 10s | $269K | $118K | 10x |
Deribit MON_USDC-PERPETUAL
Kraken Futures PF_MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $154.18
- Price spread: +0.077% → +0.059%
- $1.71
- Slippage, 4 orders
- −$69.27
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $69.62
- Costs to cover
- 0.863%
- Break-even
- 3.8 days
Slippage from Deribit: live order book, 30 min ago; Kraken Futures: live order book, 53 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, 30 min ago | 10.10 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 53 min ago | 20.01 bp | 32.2 bp −$32 | 439.2 bp −$4,392 | 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 | −0.0054% | 1h | 0.02502 | −0.004% | $114K | $154K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02509 | +0.276% | $12K | $353K | 5x | as long as short |
| Bybit MONUSDT | +0.0034% | 8h | 0.02499 | −0.116% | $20.5M | $13.7M | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0083% | 1h | 0.02511 | +0.347% | $6K | $98K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0085% | 4h | 0.02502 | −0.012% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02504 | +0.068% | $804K | $786K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02500 | −0.074% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02506 | +0.140% | $401K | $578K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02501 | −0.041% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02502 | +0.008% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Bybit MONUSDT
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02502 | −0.012% | $139K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02502 | −0.030% | $23.8M | $27.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02501 | −0.052% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.702% | $103K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02502 | −0.012% | $936K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02503 | +0.028% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02503 | +0.028% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02507 | +0.170% | $743K | $413K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02513 | +0.425% | $41K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02513 | +0.419% | $558K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02509 | +0.268% | $68K | $532K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02502 | −0.012% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02505 | +0.105% | $53K | $262K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02501 | −0.044% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02506 | +0.148% | $5K | $108 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUALlong | +0.0110% | 1h | 0.02502 | long leg | $74K | $135K | 25x | |
| 01 Exchange MONUSD | +0.0208% | 1h | 0.02501 | −0.036% | $7K | $2K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02501 | −0.056% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02506 | +0.148% | $1.3M | $347K | 75x | as long as short |
| Hyperliquid MON | +0.0372% | 1h | 0.02505 | +0.092% | $33.8M | $7.8M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02503 | +0.032% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02542 | +1.607% | $112K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.0844% | 1h | 0.02504 | +0.077% | $269K | $118K | 10x |
Pacifica MON
Binance MONUSDT
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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX