Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.014%
Price spread now: Deribit against ApeX Omni−0.164%74s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$690.693% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.668%+$67 · spread now −0.164%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.191% cheaper against ApeX Omni than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.027%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MONUSDT | 0.02557 | 0.0100 | pay 0.0013% / 1h | 55m 48s | $69K | $545K | 50x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02553 | 0 | get 0.0000% / 1h | 55m 48s | $73K | $133K | 25x |
ApeX Omni MONUSDT
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against ApeX 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
- Price spread: −0.164% → +0.027%
- −$19.12
- Slippage, 4 orders
- −$52.27
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$109.4
- Costs to cover
- 0.693%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 37 min ago; Deribit: live order book, 13 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 ApeX Omni live order book, 37 min ago | 12.01 bp | 20.2 bp −$20 | 113.1 bp −$1,131 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 13 min ago | 9.04 bp | 12.5 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0051% | 1h | 0.02553 | −0.172% | $113K | $152K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02557 | −0.020% | $14K | $307K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02553 | −0.164% | $73K | $133K | 25x | |
| Injective MON/USDC PERP | +0.0033% | 1h | 0.02505 | −2.034% | $5K | $104 | 5.5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02554 | −0.117% | $833K | $759K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02557 | −0.001% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02553 | −0.149% | $34.4M | $6.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02553 | −0.159% | $101K | $202K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02553 | −0.143% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02557 | +0.016% | $142K | $89K | 3x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Injective MON/USDC PERP
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MONUSDT | +0.0100% | 4h | 0.02550 | −0.274% | $24.6M | $26.8M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02548 | −0.352% | $21.3M | $13.5M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02548 | −0.352% | $4.3M | $6.1M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02554 | −0.117% | $1.1M | $1.1M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02552 | −0.196% | $2.9M | $763K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02553 | −0.156% | $2.8M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02549 | −0.332% | $757K | $375K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02555 | −0.066% | $42K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02557 | +0.015% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDTlong | +0.0100% | 1h | 0.02557 | long leg | $69K | $545K | 50x | |
| Nado MON-PERP | +0.0100% | 1h | 0.02553 | −0.149% | $392K | $578K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02554 | −0.117% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02552 | −0.196% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −0.078% | $105K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02553 | −0.139% | $61K | $329K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02550 | −0.254% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02553 | −0.145% | $7K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0232% | 1h | 0.02553 | −0.137% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02562 | +0.196% | $1.4M | $401K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02554 | −0.117% | $118K | $2.1M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0647% | 1h | 0.02557 | −0.008% | $4K | $97K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0669% | 1h | 0.02554 | −0.103% | $274K | $117K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0800% | 1h | 0.02575 | +0.708% | $114K | $53K | 50x | as long as short |
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
Nado MON-PERP
Orderly PERP_MON_USDC
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX