Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.118%
Price spread now: Backpack against Extended−0.048%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$730.733% of the position
Funding, last 7 days+0.717%+$72 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.048%, 7d avg −0.084%
=Together, before fees+0.621%+ Points / potential airdropExtended: Active · farm board+$62 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.036% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MON-USD | 0.02556 | 0.0104 | pay 0.0013% / 1h | 26m 21s | $51K | $517K | 10x |
| Short | Backpack MON_USDC_PERP | 0.02555 | 0.0100 | get 0.0013% / 1h | 26m 21s | $121K | $156K | 10x |
Extended MON-USD
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$0.84
- Price spread: −0.048% → −0.084%
- $3.57
- Slippage, 4 orders
- −$58.27
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$70.54
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from Extended: live order book, 41 min ago; Backpack: live order book, 42 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 Extended live order book, 41 min ago | 3.86 bp | 25.5 bp −$25 | 256.9 bp −$2,569 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 42 min ago | 1.35 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
MON on 32 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 | −0.0388% | 1h | 0.02522 | −1.343% | $5K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0080% | 8h | 0.02552 | −0.170% | $21.0M | $12.8M | 50x | as long as short |
| 01 Exchange MONUSD | 0.0000% | 1h | 0.02556 | −0.001% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02543 | −0.522% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02553 | −0.131% | $69K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0061% | 4h | 0.02555 | −0.052% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02554 | −0.091% | $851K | $742K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02553 | −0.121% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02558 | +0.061% | $410K | $545K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02557 | +0.042% | $34.7M | $7.7M | 5x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02553 | −0.139% | $102K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02551 | −0.206% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02553 | −0.146% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02555 | −0.050% | $24.4M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02553 | −0.131% | $4.3M | $5.9M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02554 | −0.091% | $957K | $904K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02555 | −0.052% | $2.9M | $744K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02555 | −0.052% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0100% | 1h | 0.02555 | −0.048% | $121K | $156K | 10x | |
| Variational Omni MON | +0.0100% | 8h | 0.02552 | −0.186% | $759K | $419K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02540 | −0.652% | $43K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02539 | −0.678% | $570K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02541 | −0.600% | $68K | $493K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02553 | −0.131% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02550 | −0.249% | $106K | $4K | 10x | as long as short |
| Extended MON-USDlong | +0.0104% | 1h | 0.02556 | long leg | $51K | $517K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02555 | −0.052% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02555 | −0.041% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0356% | 1h | 0.02542 | −0.566% | $3K | $77K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02558 | +0.081% | $157K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02553 | −0.115% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0837% | 1h | 0.02554 | −0.074% | $278K | $88K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Bulk MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD