MON

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.035%

Price spread now: Coinbase International against Kraken Futures+0.070%7-day average +0.428% · you sell dearer than you buy

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$364as in the Price arb table

costs, in and out, $10k−$3283.283% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.392%+$39 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.070%, 7d avg +0.428%

Together, before fees+0.472%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.357% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.428%). If the spread goes back, that is −$36 on $10k: about 26 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.392% in total) that is about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02540	0.0490	pay 0.0061% / 1h	29m 47s	$270K	$100K	10x
Short	Coinbase International MON-PERP-INTX	0.02542	0.0536	get 0.0067% / 1h	29m 47s	$111K	$52K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.070%Rate

Funding earned: $9.69
Price spread: +0.070% → +0.428%: −$35.73
Slippage, 4 orders: −$308.3
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$354.35
Costs to cover: 3.283%
Break-even: 262.9 days

Slippage from Kraken Futures: live order book, 33 min ago; Coinbase International: live order book, 33 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, 33 min ago	27.57 bp	38.4 bp −$38	8295.1 bp −$83.0K	doesn't fit	doesn't fit
Sell Coinbase International live order book, 33 min ago	20.13 bp	105.3 bp −$105	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
Phoenix MON	−0.0316%	1h	0.02535	−0.182%	$13K	$367K	5x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02535	−0.185%	$6K	$111	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0235%	1h	0.02539	−0.032%	$114K	$151K	10x	as long as short
Bybit MONUSDT	−0.0138%	8h	0.02534	−0.225%	$20.8M	$12.9M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02541	+0.063%	$6K	$1K	5x	as long as short
Perpl MON	0.0000%	43m	0.02541	+0.063%	$105K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02539	−0.036%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0085%	4h	0.02538	−0.067%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02539	−0.028%	$846K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02540	+0.014%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02539	−0.040%	$34.4M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02538	−0.056%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02538	−0.048%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02539	−0.024%	$141K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02536	−0.146%	$24.2M	$26.1M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02535	−0.185%	$4.2M	$5.9M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02537	−0.107%	$953K	$928K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02536	−0.146%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02538	−0.067%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02535	−0.167%	$753K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02534	−0.243%	$42K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	−0.112%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02536	−0.146%	$68K	$501K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02542	+0.084%	$409K	$541K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02538	−0.067%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	−0.382%	$105K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02538	−0.054%	$50K	$516K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02538	−0.059%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0244%	1h	0.02535	−0.203%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02539	−0.012%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02539	−0.028%	$1.3M	$322K	75x	as long as short
Kraken Futures PF_MONUSDlong	+0.0490%	1h	0.02540	long leg	$270K	$100K	10x
Coinbase International MON-PERP-INTXshort	+0.0536%	1h	0.02542	+0.070%	$111K	$52K	50x