Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRnext payment −$1.04 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Variational Omni−0.015%7-day average +0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)−0.307%−$31 · spread now −0.015%, 7d avg +0.014%
=Together, before fees−0.334%+ Points / potential airdropVariational Omni: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.029% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MON | 0.02593 | 0.0100 | pay 0.0100% / 8h | 2h 25m | $778K | $407K | — |
| Short | Bybit MONUSDT | 0.02593 | −0.0004 | pay 0.0004% / 8h | 2h 25m | $21.6M | $11.8M | 50x |
Variational Omni MON
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$21.79
- Price spread: −0.015% → +0.014%
- −$2.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$35.65
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 63 min ago; Bybit: live order book, 3 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, 63 min ago | 9.70 bp | doesn't fit | 137.7 bp −$1,377 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.93 bp | 25.3 bp −$25 | 78.2 bp −$782 | 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 | +0.101% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0256% | 1h | 0.02596 | +0.112% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0019% | 1h | 0.02597 | +0.147% | $63K | $110K | 25x | as long as short |
| Bybit MONUSDTshort | −0.0004% | 8h | 0.02593 | −0.015% | $21.6M | $11.8M | 50x | |
| Phoenix MON | 0.0000% | 1h | 0.02591 | −0.076% | $13K | $384K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0091% | 4h | 0.02594 | +0.024% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02595 | +0.079% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02596 | +0.101% | $850K | $753K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02599 | +0.212% | $374K | $527K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02598 | +0.170% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Phoenix MON
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02596 | +0.107% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02597 | +0.145% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02597 | +0.132% | $143K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02596 | +0.091% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02592 | −0.053% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02600 | +0.255% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02598 | +0.178% | $1.0M | $933K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02597 | +0.139% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MONlong | +0.0100% | 8h | 0.02593 | long leg | $778K | $407K | — | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02595 | +0.067% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02593 | −0.015% | $582K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02594 | +0.024% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02596 | +0.101% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02598 | +0.190% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02595 | +0.062% | $39K | — | 3x | as long as short |
| BloFin MON-USDT | +0.0109% | 4h | 0.02588 | −0.208% | $1.4M | $245K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02601 | +0.289% | $268K | $67K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0204% | 1h | 0.02595 | +0.044% | $2K | $73K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02597 | +0.136% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0263% | 1h | 0.02597 | +0.155% | $137K | $136K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0356% | 4h | 0.02601 | +0.294% | $3.2M | $745K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02597 | +0.136% | $146K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02600 | +0.240% | $114K | $49K | 50x | as long as short |
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
BloFin MON-USDT
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX