Funding you earn now, next payment 22:00 UTC−0.0514%/8h= −56.3% APRnext payment −$0.64 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against GMX−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.023% cheaper against GMX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MON/USD [ETH-USDC] | 0.02584 | L +0.0261% / S −0.0598% | pay 0.0033% / 1h | 0m 58s | $9K | — | 50x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02583 | −0.0253 | pay 0.0032% / 1h | 0m 58s | $66K | $114K | 25x |
GMX MON/USD [ETH-USDC]
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against GMX. 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
- −$107.89
- Price spread: −0.023% → 0.000%
- −$2.32
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$129.21
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 63 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 63 min ago | 8.25 bp | 14.3 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
GMX: 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 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 | −0.0739% | 1h | 0.02599 | +0.588% | $6K | $110 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0360% | 1h | 0.02577 | −0.263% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | −0.0253% | 1h | 0.02583 | −0.023% | $66K | $114K | 25x | |
| Bybit MONUSDT | −0.0033% | 8h | 0.02579 | −0.178% | $21.5M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02581 | −0.101% | $13K | $384K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0066% | 1h | 0.02586 | +0.072% | $2K | $73K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0070% | 8h | 0.02580 | −0.137% | $8K | $42 | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0076% | 4h | 0.02580 | −0.147% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02584 | +0.008% | $845K | $763K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02583 | −0.039% | $388K | $536K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Orderly PERP_MON_USDC
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02585 | +0.043% | $34.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02584 | +0.017% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02583 | −0.014% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02582 | −0.070% | $143K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02581 | −0.118% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02579 | −0.186% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02580 | −0.149% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02582 | −0.070% | $1.0M | $936K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02583 | −0.031% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02579 | −0.171% | $778K | $412K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02580 | −0.134% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02581 | −0.109% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02581 | −0.108% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02581 | −0.108% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02584 | +0.009% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02582 | −0.089% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02586 | +0.088% | $267K | $67K | 10x | as long as short |
| BloFin MON-USDT | +0.0150% | 4h | 0.02579 | −0.186% | $1.4M | $245K | 75x | as long as short |
| GMX MON/USD [ETH-USDC]long | L +0.0261% / S −0.0598% | 1h | 0.02584 | long leg | $9K | — | 50x | |
| Backpack MON_USDC_PERP | +0.0275% | 1h | 0.02583 | −0.027% | $138K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0310% | 4h | 0.02586 | +0.085% | $3.1M | $747K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02583 | −0.046% | $144K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.886% | $114K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
BloFin MON-USDT
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX