Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.073%
Price spread now: Backpack against 01 Exchange+0.055%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.055% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MONUSD | 0.02555 | 0 | get 0.0000% / 1h | 25m 11s | $6K | $1K | 5x |
| Short | Backpack MON_USDC_PERP | 0.02557 | 0.0100 | get 0.0013% / 1h | 25m 11s | $121K | $156K | 10x |
01 Exchange MONUSD
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against 01 Exchange. 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
- Price spread: +0.055% → 0.000%
- $5.48
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $9.48
- Costs to cover
- 0.170%
- Break-even
- 3.8 days
Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 43 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 43 min ago | 1.35 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
01 Exchange: 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: 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 | −0.0388% | 1h | 0.02522 | −1.295% | $5K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0088% | 8h | 0.02552 | −0.121% | $21.0M | $12.8M | 50x | as long as short |
| 01 Exchange MONUSDlong | 0.0000% | 1h | 0.02555 | long leg | $6K | $1K | 5x | |
| Phoenix MON | 0.0000% | 1h | 0.02543 | −0.474% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02556 | +0.035% | $69K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0061% | 4h | 0.02555 | −0.004% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02557 | +0.074% | $852K | $742K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02553 | −0.086% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02555 | −0.023% | $410K | $545K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02556 | +0.047% | $34.7M | $7.7M | 5x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02554 | −0.055% | $102K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02552 | −0.112% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02553 | −0.070% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02555 | 0.000% | $24.4M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02552 | −0.121% | $4.3M | $5.9M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02555 | −0.004% | $958K | $904K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02557 | +0.074% | $2.9M | $744K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02555 | −0.004% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0100% | 1h | 0.02557 | +0.055% | $121K | $156K | 10x | |
| Variational Omni MON | +0.0100% | 8h | 0.02552 | −0.138% | $759K | $419K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02550 | −0.192% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02554 | −0.043% | $573K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02541 | −0.552% | $68K | $493K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02555 | −0.004% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02550 | −0.200% | $106K | $4K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02558 | +0.098% | $51K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02555 | −0.023% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02554 | −0.027% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0352% | 1h | 0.02544 | −0.447% | $3K | $77K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02556 | +0.039% | $157K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02553 | −0.067% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0836% | 1h | 0.02557 | +0.088% | $278K | $88K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD