After costs, if the gap returns to its 7d average, $10k−$136
spread now−0.294%7d average−0.037%fees + slippage, in and out−$110spread needed1.103%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MON_USDC_PERP | 0.02527 | −0.0206 | get 0.0026% / 1h | 1h 00m | $123K | $128K | 10x |
| Short | Bulk MON-USD | 0.02520 | 0.0100 | get 0.0013% / 1h | 1h 00m | $103K | $5K | 10x |
Backpack MON_USDC_PERP
Bulk MON-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$29.44
- Funding while held
- $9.18
- Slippage, 4 orders
- −$93.29
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$130.54
- Spread needed to break even
- 1.103%
Slippage from Backpack: live order book, 40 min ago; Bulk: live order book, 51 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0306%
- Per $10,000 a day
- +$9.18
- Average in range /8h
- —
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 Backpack live order book, 40 min ago | 0.98 bp | 13.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 51 min ago | 19.34 bp | 60.9 bp −$61 | 80.4 bp −$804 | 205.1 bp −$20.5K | doesn't fit |
MON price on every exchange
against the cheapest. Click to use as the short leg.edgeX0.02519cheapest
Bulk0.02520+0.032%
ApeX Omni0.02520+0.034%Phoenix0.02521+0.058%Aftermath Perps0.02525+0.221%Variational Omni0.02525+0.222%OKX0.02525+0.232%BloFin0.02525+0.232%Aster0.02526+0.260%Gate0.02526+0.272%Orderly0.02526+0.272%SoDEX0.02526+0.272%Aevo0.02526+0.280%Binance0.02527+0.296%Paradex0.02527+0.304%Pacifica0.02527+0.312%
ApeX Omni
Phoenix
Variational Omni
OKX
BloFin
Aster
Gate
Orderly
SoDEX
Aevo
Binance
Paradex
PacificaBackpack0.02527+0.328%
GMX0.02528+0.340%01 Exchange0.02528+0.344%Lighter0.02528+0.352%Bybit0.02528+0.352%KuCoin0.02528+0.352%Bitget0.02528+0.352%dYdX0.02528+0.356%Deribit0.02528+0.363%Nado0.02529+0.375%Kraken Futures0.02529+0.402%Hyperliquid0.02530+0.423%Extended0.02530+0.423%Perpl0.02533+0.550%Injective0.02540+0.828%Coinbase International0.02550+1.237%
GMX
Lighter
Bybit
KuCoin
Bitget
dYdX
Deribit
Nado
Kraken Futures
Hyperliquid
Extended
Perpl
Injective
Coinbase InternationalMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MONUSDC | −0.327% | +0.0100% | 4h | $46K | $241K | 10x | as long as short |
| Bulk MON-USDshort | −0.294% | +0.0100% | 1h | $103K | $5K | 10x | |
| ApeX Omni MONUSDT | −0.293% | +0.0100% | 1h | $67K | $492K | 50x | as long as short |
| Phoenix MON | −0.269% | 0.0000% | 1h | $13K | $386K | 5x | as long as short |
| Aftermath Perps MONUSD | −0.106% | +0.0855% | 1h | $2K | $73K | 10x | as long as short |
| Variational Omni MON | −0.105% | +0.0100% | 8h | $783K | $334K | — | as long as short |
| OKX MON-USDT-SWAP | −0.095% | +0.0100% | 4h | $4.3M | $5.9M | 50x | as long as short |
| BloFin MON-USDT | −0.095% | +0.0063% | 4h | $1.3M | $206K | 75x | as long as short |
| Aster MONUSDT | −0.068% | +0.0100% | 4h | $105K | $241K | 10x | as long as short |
| Gate MON_USDT | −0.055% | +0.0100% | 4h | $959K | $957K | 50x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MON_USDC | −0.055% | +0.0100% | 4h | $16K | $64K | 10x | as long as short |
| SoDEX MON-USD | −0.055% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Aevo MON-PERP | −0.047% | +0.0104% | 1h | $38K | — | 3x | as long as short |
| Binance MONUSDT | −0.032% | +0.0100% | 4h | $23.9M | $23.8M | 75x | as long as short |
| Paradex MON-USD-PERP | −0.024% | +0.0100% | 8h | $8K | $42 | 5x | as long as short |
| Pacifica MON | −0.016% | +0.0100% | 1h | $148K | $100K | 3x | as long as short |
| Backpack MON_USDC_PERPlong | 0.000% | −0.0206% | 1h | $123K | $128K | 10x | |
| GMX MON/USD [ETH-USDC] | +0.012% | L +0.0231% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.016% | −0.0120% | 1h | $6K | $1K | 5x | as long as short |
| Lighter MON | +0.024% | +0.0096% | 1h | $825K | $763K | 10x | as long as short |
| Bybit MONUSDT | +0.024% | −0.0157% | 8h | $21.0M | $11.3M | 50x | as long as short |
| KuCoin MONUSDTM | +0.024% | +0.0276% | 4h | $2.6M | $672K | 75x | as long as short |
| Bitget MONUSDT | +0.024% | +0.0100% | 4h | $2.6M | $1.8M | 25x | as long as short |
| dYdX MON-USD | +0.028% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.036% | 0.0000% | 1h | $47K | $74K | 25x | as long as short |
| Nado MON-PERP | +0.047% | +0.0100% | 1h | $310K | $527K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.074% | +0.1089% | 1h | $252K | $73K | 10x | as long as short |
| Hyperliquid MON | +0.095% | +0.0100% | 1h | $34.1M | $7.5M | 5x | as long as short |
| Extended MON-USD | +0.095% | +0.0104% | 1h | $45K | $400K | 10x | as long as short |
| Perpl MON | +0.222% | +0.0223% | 43m | $208K | $1.7M | 10x | as long as short |
| Injective MON/USDC PERP | +0.499% | −0.0302% | 1h | $6K | $109 | 5.5x | as long as short |
| Coinbase International MON-PERP-INTX | +0.906% | +0.0928% | 1h | $113K | $51K | 50x | as long as short |