Funding you earn now, next payment 02:00 UTC−0.0746%/8h= −81.7% APRnext payment −$0.93 per $10,000 · paid last 24h −0.184%
Price spread now: Bulk against Kraken Futures+0.301%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$1061.061% of the position
Funding, last 3 days (all we have)−0.593%−$59 on $10k
+Price spread, last 3 days (all we have)−0.682%−$68 · spread now +0.301%, 7d avg −0.100%
=The price spread pays, funding is against you. Bulk is 0.401% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.301% now, against its 7-day average of −0.100%): +$40 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02527 | 0.0846 | pay 0.0106% / 1h | 41m 25s | $275K | $88K | 10x |
| Short | Bulk MON-USD | 0.02535 | 0.0100 | get 0.0013% / 1h | 41m 25s | $105K | $4K | 10x |
Kraken Futures PF_MONUSD
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Kraken Futures. 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
- −$156.73
- Price spread: +0.301% → −0.100%
- $40.1
- Slippage, 4 orders
- −$89.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$222.72
- Costs to cover
- 1.061%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 26 min ago; Bulk: live order book, 27 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 Kraken Futures live order book, 26 min ago | 21.19 bp | 30.1 bp −$30 | 7786.1 bp −$77.9K | doesn't fit | doesn't fit |
| Sell Bulk live order book, 27 min ago | 19.27 bp | 22.8 bp −$23 | 43.4 bp −$434 | 135.2 bp −$13.5K | 807.8 bp −$403.9K |
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 | −0.0388% | 1h | 0.02541 | +0.535% | $6K | $106 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0033% | 8h | 0.02521 | −0.256% | $20.7M | $12.8M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0032% | 1h | 0.02524 | −0.126% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02540 | +0.495% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02524 | −0.126% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0059% | 4h | 0.02524 | −0.138% | $16K | $54K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0096% | 8h | 0.02523 | −0.192% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02524 | −0.138% | $841K | $740K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02526 | −0.066% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02526 | −0.066% | $13K | — | 5x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
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 | 0.02525 | −0.098% | $140K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02523 | −0.170% | $24.1M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02522 | −0.217% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02535 | +0.301% | $105K | $4K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02525 | −0.098% | $948K | $899K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02526 | −0.059% | $2.9M | $745K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02523 | −0.177% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02529 | +0.048% | $119K | $161K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02530 | +0.084% | $761K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02535 | +0.309% | $43K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02530 | +0.109% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02532 | +0.179% | $68K | $492K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02530 | +0.091% | $405K | $544K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02523 | −0.177% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02527 | 0.000% | $48K | $514K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02524 | −0.157% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02524 | −0.138% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02549 | +0.851% | $1.4M | $310K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0356% | 1h | 0.02539 | +0.441% | $4K | $76K | 10x | as long as short |
| Hyperliquid MON | +0.0364% | 1h | 0.02527 | −0.007% | $34.5M | $7.6M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02524 | −0.122% | $105K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02542 | +0.571% | $111K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0846% | 1h | 0.02527 | long leg | $275K | $88K | 10x |
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX