After costs, if the gap returns to its 7d average, $10k−$99
spread now+0.089%7d average+0.060%fees + slippage, in and out−$102spread needed1.016%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MON_USDC_PERP | 0.02605 | 0.0674 | pay 0.0084% / 1h | 10m 57s | $132K | $114K | 10x |
| Short | Kraken Futures PF_MONUSD | 0.02607 | 0.0883 | get 0.0110% / 1h | 10m 57s | $258K | $70K | 10x |
Backpack MON_USDC_PERP
Kraken Futures PF_MONUSDPrice 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
- $8.89
- Funding while held
- $6.27
- Slippage, 4 orders
- −$81.65
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$86.49
- Spread needed to break even
- 1.016%
Slippage from Backpack: live order book, 39 min ago; Kraken Futures: live order book, 38 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0209%
- Per $10,000 a day
- +$6.27
- 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, 39 min ago | 0.76 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 38 min ago | 13.30 bp | 32.0 bp −$32 | 680.0 bp −$6,800 | doesn't fit | doesn't fit |
MON price on every exchange
against the cheapest. Click to use as the short leg.Injective0.02587cheapestVariational Omni0.02589+0.088%Bulk0.02594+0.257%Phoenix0.02594+0.267%edgeX0.02595+0.328%ApeX Omni0.02596+0.348%dYdX0.02597+0.390%Aftermath Perps0.02598+0.430%Paradex0.02598+0.431%Perpl0.02598+0.437%Pacifica0.02599+0.464%OKX0.02601+0.541%01 Exchange0.02601+0.549%Bybit0.02602+0.580%BloFin0.02602+0.580%Aster0.02602+0.588%Gate0.02603+0.618%Orderly0.02603+0.618%Binance0.02604+0.657%SoDEX0.02604+0.657%GMX0.02604+0.661%Aevo0.02604+0.673%
Injective
Variational Omni
Bulk
Phoenix
ApeX Omni
dYdX
Paradex
Perpl
Pacifica
OKX
Bybit
BloFin
Aster
Gate
Orderly
Binance
SoDEX
GMX
AevoBackpack0.02605+0.692%
Coinbase International0.02606+0.727%Lighter0.02606+0.734%Bitget0.02606+0.734%Deribit0.02606+0.750%
Coinbase International
Lighter
Bitget
DeribitKraken Futures0.02607+0.781%
Hyperliquid0.02608+0.808%Nado0.02608+0.820%Extended0.02608+0.824%KuCoin0.02609+0.850%
Hyperliquid
Nado
Extended
KuCoinMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.687% | +0.0064% | 1h | $6K | $110 | 5.5x | as long as short |
| Variational Omni MON | −0.600% | +0.0100% | 8h | $801K | $319K | — | as long as short |
| Bulk MON-USD | −0.432% | +0.0100% | 1h | $101K | $24K | 10x | as long as short |
| Phoenix MON | −0.422% | +0.0305% | 1h | $13K | $427K | 5x | as long as short |
| edgeX MONUSDC | −0.361% | +0.0100% | 4h | $48K | $238K | 10x | as long as short |
| ApeX Omni MONUSDT | −0.342% | +0.0100% | 1h | $69K | $499K | 50x | as long as short |
| dYdX MON-USD | −0.299% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Aftermath Perps MONUSD | −0.260% | +0.1417% | 1h | $6K | $84K | 10x | as long as short |
| Paradex MON-USD-PERP | −0.260% | +0.0100% | 8h | $8K | — | 5x | as long as short |
| Perpl MON | −0.253% | +0.0447% | 43m | $136K | $1.5M | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MON | −0.226% | +0.0100% | 1h | $164K | $89K | 3x | as long as short |
| OKX MON-USDT-SWAP | −0.150% | +0.0100% | 4h | $4.5M | $6.6M | 50x | as long as short |
| 01 Exchange MONUSD | −0.142% | +0.0648% | 1h | $6K | $2K | 5x | as long as short |
| Bybit MONUSDT | −0.111% | +0.0100% | 8h | $21.7M | $11.1M | 50x | as long as short |
| BloFin MON-USDT | −0.111% | +0.0082% | 4h | $1.4M | $200K | 75x | as long as short |
| Aster MONUSDT | −0.103% | +0.0100% | 4h | $115K | $222K | 10x | as long as short |
| Gate MON_USDT | −0.073% | +0.0100% | 4h | $979K | $961K | 50x | as long as short |
| Orderly PERP_MON_USDC | −0.073% | +0.0100% | 4h | $17K | $76K | 10x | as long as short |
| Binance MONUSDT | −0.035% | +0.0100% | 4h | $24.7M | $23.4M | 75x | as long as short |
| SoDEX MON-USD | −0.035% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | −0.031% | L +0.0232% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| Aevo MON-PERP | −0.019% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| Backpack MON_USDC_PERPlong | 0.000% | +0.0674% | 1h | $132K | $114K | 10x | |
| Coinbase International MON-PERP-INTX | +0.035% | +0.1208% | 1h | $115K | $42K | 50x | as long as short |
| Lighter MON | +0.042% | +0.0096% | 1h | $889K | $795K | 10x | as long as short |
| Bitget MONUSDT | +0.042% | +0.0100% | 4h | $2.7M | $1.7M | 25x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.058% | +0.0480% | 1h | $44K | $69K | 25x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.089% | +0.0883% | 1h | $258K | $70K | 10x | |
| Hyperliquid MON | +0.115% | +0.0727% | 1h | $35.2M | $7.9M | 5x | as long as short |
| Nado MON-PERP | +0.127% | +0.0100% | 1h | $306K | $515K | 10x | as long as short |
| Extended MON-USD | +0.131% | +0.0104% | 1h | $46K | $406K | 10x | as long as short |
| KuCoin MONUSDTM | +0.157% | +0.0404% | 4h | $2.7M | $702K | 75x | as long as short |