Funding you earn now, next payment 22:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.164%
Price spread now: Backpack against Variational Omni+0.285%7-day average +0.134% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.286%+$29 on $10k
+Price spread, last 3 days (all we have)−0.476%−$48 · spread now +0.285%, 7d avg +0.134%
=Together, before fees−0.190%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.151% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MON | 0.02592 | 0.0100 | pay 0.0100% / 8h | 2h 33m | $777K | $407K | — |
| Short | Backpack MON_USDC_PERP | 0.02600 | 0.0249 | get 0.0031% / 1h | 33m 53s | $138K | $137K | 10x |
Variational Omni MON
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $31.23
- Price spread: +0.285% → +0.134%
- $15.06
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $36.3
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 55 min ago; Backpack: live order book, 54 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 55 min ago | 9.70 bp | doesn't fit | 137.7 bp −$1,377 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 54 min ago | 0.97 bp | 12.2 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02596 | +0.139% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0232% | 1h | 0.02599 | +0.250% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0173% | 1h | 0.02600 | +0.304% | $63K | $110K | 25x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02595 | +0.096% | $13K | $384K | 5x | as long as short |
| Bybit MONUSDT | +0.0011% | 8h | 0.02596 | +0.123% | $21.7M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02598 | +0.216% | $17K | $64K | 10x | as long as short |
| BloFin MON-USDT | +0.0095% | 4h | 0.02596 | +0.139% | $1.4M | $245K | 75x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02598 | +0.212% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02600 | +0.293% | $852K | $753K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02604 | +0.447% | $365K | $525K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
BloFin MON-USDT
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02602 | +0.366% | $35.1M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02600 | +0.301% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02600 | +0.291% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02598 | +0.220% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02598 | +0.204% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02594 | +0.061% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02581 | −0.447% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02600 | +0.293% | $1.0M | $932K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02599 | +0.254% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MONlong | +0.0100% | 8h | 0.02592 | long leg | $777K | $407K | — | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02584 | −0.309% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02597 | +0.177% | $583K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02597 | +0.177% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02598 | +0.216% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02602 | +0.374% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02598 | +0.216% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02602 | +0.388% | $268K | $67K | 10x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0249% | 1h | 0.02600 | +0.285% | $138K | $137K | 10x | |
| Aftermath Perps MONUSD | +0.0251% | 1h | 0.02593 | +0.010% | $2K | $73K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02601 | +0.316% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0344% | 4h | 0.02606 | +0.524% | $3.2M | $745K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02598 | +0.231% | $146K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02609 | +0.636% | $115K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX