MON

Alert

Funding spread now, next payment 16:00 UTC+0.0243%/8h

next payment, per $10,000+$0.30paid, last 24h+0.048%paid, last 3 days+0.059%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.059% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. 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	Pacifica MON	0.02595	0.0100	pay 0.0013% / 1h	7m 23s	$164K	$89K	3x
Short	GMX MON/USD [ETH-USDC]	0.02599	L +0.0232% / S −0.0343%	get 0.0043% / 1h	7m 23s	$6K	—	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee GMXbpOrdersRate

Funding earned: $51.04
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $31.04
Break-even: 2.7 days

Slippage unknown: Pacifica: live order book, 42 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.166%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Pacifica live order book, 42 min ago	5.70 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MON/USDC PERP	+0.0064%	1h	$6K	$110	5.5x	as long as short
Lighter MON	+0.0096%	1h	$885K	$795K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	$305K	$514K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	$114K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	$13K	—	5x	as long as short
Pacifica MONlong	+0.0100%	1h	$164K	$89K	3x
Binance MONUSDT	+0.0100%	4h	$24.6M	$23.3M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	$21.6M	$11.1M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	$4.5M	$6.5M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	$101K	$24K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MON_USDT	+0.0100%	4h	$980K	$972K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	$2.7M	$1.7M	25x	as long as short
Variational Omni MON	+0.0100%	8h	$802K	$318K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	$48K	$238K	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	$69K	$499K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	$17K	$76K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	$5K	$6K	5x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	$8K	—	5x	as long as short
Extended MON-USD	+0.0104%	1h	$46K	$406K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	$39K	—	3x	as long as short
BloFin MON-USDT	+0.0113%	4h	$1.4M	$199K	75x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0232% / S −0.0343%	1h	$6K	—	50x
Deribit MON_USDC-PERPETUAL	+0.0250%	1h	$44K	$69K	25x	as long as short
Phoenix MON	+0.0305%	1h	$13K	$427K	5x	as long as short
KuCoin MONUSDTM	+0.0420%	4h	$2.7M	$702K	75x	as long as short
Perpl MON	+0.0447%	43m	$136K	$1.5M	10x	as long as short
01 Exchange MONUSD	+0.0632%	1h	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	+0.0681%	1h	$132K	$114K	10x	as long as short
Hyperliquid MON	+0.0695%	1h	$35.0M	$7.8M	5x	as long as short
Kraken Futures PF_MONUSD	+0.0885%	1h	$258K	$70K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.1208%	1h	$115K	$41K	50x	as long as short
Aftermath Perps MONUSD	+0.1410%	1h	$6K	$84K	10x	as long as short