Funding you earn now, next payment 07:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h −0.050%
Price spread now: Deribit against KuCoin+0.016%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1191.190% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.016%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.067% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.051%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MONUSDTM | 0.02500 | 0.0100 | pay 0.0050% / 4h | 1h 24m | $2.9M | $767K | 75x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02500 | 0.0310 | get 0.0039% / 1h | 24m 45s | $73K | $138K | 25x |
KuCoin MONUSDTM
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- $44.15
- Price spread: +0.016% → −0.051%
- $6.68
- Slippage, 4 orders
- −$99.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$68.15
- Costs to cover
- 1.190%
- Break-even
- 17.8 days
Slippage from KuCoin: live order book, 2 min ago; Deribit: live order book, 59 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 KuCoin live order book, 2 min ago | 14.01 bp | 36.0 bp −$36 | 894.6 bp −$8,946 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 59 min ago | 10.10 bp | 13.6 bp −$14 | 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 | 0.0000% | 1h | 0.02491 | −0.380% | $13K | $353K | 5x | as long as short |
| Bybit MONUSDT | +0.0072% | 8h | 0.02496 | −0.144% | $20.6M | $13.7M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0086% | 4h | 0.02500 | 0.000% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02500 | 0.000% | $802K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02500 | −0.013% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02504 | +0.156% | $396K | $573K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02501 | +0.034% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02495 | −0.190% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02500 | +0.004% | $138K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02497 | −0.105% | $23.7M | $27.6M | 75x | as long as short |
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02497 | −0.120% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02485 | −0.600% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02499 | −0.040% | $931K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTMlong | +0.0100% | 4h | 0.02500 | long leg | $2.9M | $767K | 75x | |
| Bitget MONUSDT | +0.0100% | 4h | 0.02499 | −0.040% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02500 | +0.020% | $110K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02498 | −0.097% | $741K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02492 | −0.319% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02494 | −0.232% | $563K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02494 | −0.240% | $68K | $536K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02499 | −0.040% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02500 | −0.016% | $47K | $268K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02499 | −0.040% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02489 | −0.440% | $5K | $111 | 5.5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02493 | −0.264% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0248% | 1h | 0.02505 | +0.196% | $6K | $3K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0278% | 1h | 0.02495 | −0.183% | $6K | $100K | 10x | as long as short |
| Deribit MON_USDC-PERPETUALshort | +0.0310% | 1h | 0.02500 | +0.016% | $73K | $138K | 25x | |
| BloFin MON-USDT | +0.0340% | 4h | 0.02502 | +0.080% | $1.3M | $349K | 75x | as long as short |
| Hyperliquid MON | +0.0390% | 1h | 0.02501 | +0.036% | $33.8M | $7.8M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02505 | +0.192% | $121K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02503 | +0.104% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0844% | 1h | 0.02503 | +0.127% | $269K | $119K | 10x | as long as short |
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
Aftermath Perps MONUSD
BloFin MON-USDT
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD