Funding you earn now, next payment 09:00 UTC+0.0327%/8h= +35.9% APRnext payment +$0.41 per $10,000 · paid last 24h −0.056%
Price spread now: Nado against Backpack+0.222%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Funding, last 4 days (all we have)−0.221%−$22 on $10k
+Price spread, last 4 days (all we have)+0.741%+$74 · spread now +0.222%, 7d avg +0.113%
=Together, before fees+0.520%+ Points / potential airdropNado: Active · farm board+$52 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Nado is 0.109% dearer against Backpack than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.113%. Mind the row above: over the last 4 days funding on this pair cost −0.221%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MON_USDC_PERP | 0.02511 | −0.0227 | get 0.0028% / 1h | 56m 07s | $110K | $157K | 10x |
| Short | Nado MON-PERP | 0.02516 | 0.0100 | get 0.0012% / 1h | 56m 07s | $394K | $573K | 10x |
Backpack MON_USDC_PERP
Nado MON-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. 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
- $68.77
- Price spread: +0.222% → +0.113%
- $10.9
- Slippage, 4 orders
- −$27.38
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $35.29
- Costs to cover
- 0.444%
- Break-even
- 3.4 days
Slippage from Backpack: live order book, 42 min ago; Nado: live order book, 42 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 Backpack live order book, 42 min ago | 0.20 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 42 min ago | 2.20 bp | 10.4 bp −$10 | 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_PERPlong | −0.0227% | 1h | 0.02511 | long leg | $110K | $157K | 10x | |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −0.231% | $5K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02506 | −0.183% | $13K | $346K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02515 | +0.159% | $119K | $2.2M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02511 | −0.004% | $73K | $137K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02512 | +0.048% | $807K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02513 | +0.079% | $8K | $42 | 5x | as long as short |
| Nado MON-PERPshort | +0.0100% | 1h | 0.02516 | +0.222% | $394K | $573K | 10x | |
| Hyperliquid MON | +0.0100% | 1h | 0.02512 | +0.032% | $33.9M | $7.8M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02510 | −0.030% | $99K | $213K | 10x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02513 | +0.076% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02516 | +0.207% | $139K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02507 | −0.151% | $23.9M | $27.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02505 | −0.231% | $20.9M | $13.9M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02504 | −0.271% | $4.2M | $6.2M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02511 | +0.008% | $940K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02513 | +0.088% | $2.9M | $765K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02506 | −0.191% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02504 | −0.284% | $744K | $410K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02502 | −0.335% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02506 | −0.201% | $558K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02505 | −0.231% | $68K | $544K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02512 | +0.048% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02509 | −0.072% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | −0.231% | $103K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02512 | +0.053% | $50K | $318K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02510 | −0.032% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02510 | −0.040% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0256% | 1h | 0.02516 | +0.199% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02500 | −0.430% | $1.3M | $333K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0461% | 1h | 0.02508 | −0.112% | $5K | $103K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02519 | +0.331% | $111K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0797% | 1h | 0.02513 | +0.079% | $270K | $118K | 10x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
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
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD