Funding you earn now, next payment 09:00 UTC−0.0795%/8h= −87.1% APRnext payment −$0.99 per $10,000 · paid last 24h −0.178%
Price spread now: Deribit against Kraken Futures−0.094%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1051.048% of the position
Funding, last 7 days−0.645%−$65 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.094%, 7d avg −0.061%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Deribit is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02517 | 0.0795 | pay 0.0099% / 1h | 40m 53s | $270K | $118K | 10x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02514 | 0 | get 0.0000% / 1h | 40m 53s | $73K | $137K | 25x |
Kraken Futures PF_MONUSD
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$167.02
- Price spread: −0.094% → −0.061%
- −$3.33
- Slippage, 4 orders
- −$87.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$275.15
- Costs to cover
- 1.048%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 57 min ago; Deribit: 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, 57 min ago | 25.97 bp | 34.1 bp −$34 | 8133.6 bp −$81.3K | doesn't fit | doesn't fit |
| Sell Deribit live order book, 33 min ago | 8.17 bp | 11.7 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0139% | 1h | 0.02517 | +0.001% | $110K | $157K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −0.464% | $5K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02519 | +0.101% | $13K | $346K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02514 | −0.094% | $73K | $137K | 25x | |
| Lighter MON | +0.0096% | 1h | 0.02516 | −0.027% | $808K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02516 | −0.039% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02521 | +0.160% | $392K | $573K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02517 | +0.025% | $34.0M | $7.8M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02518 | +0.057% | $100K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02519 | +0.078% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Phoenix MON
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid 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 | 0.02518 | +0.065% | $139K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02517 | +0.013% | $24.0M | $27.5M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02514 | −0.090% | $21.0M | $13.9M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02516 | −0.027% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02510 | −0.263% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02517 | +0.013% | $945K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02520 | +0.132% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02518 | +0.053% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02516 | −0.043% | $747K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02517 | +0.006% | $41K | $252K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02519 | +0.093% | $561K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02519 | +0.093% | $68K | $542K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02515 | −0.066% | $16K | $40K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02514 | −0.106% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02515 | −0.060% | $60K | $328K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02513 | −0.134% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0168% | 1h | 0.02516 | −0.031% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02521 | +0.164% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02519 | +0.093% | $1.3M | $372K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02519 | +0.093% | $119K | $2.2M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0469% | 1h | 0.02516 | −0.010% | $5K | $103K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02525 | +0.331% | $111K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0795% | 1h | 0.02517 | long leg | $270K | $118K | 10x |
Pacifica MON
Binance MONUSDT
Bybit 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
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX