After costs, if the gap returns to its 7d average, $10k−$54
spread now+0.046%7d average+0.025%fees + slippage, in and out−$56spread needed0.558%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MONUSDT | 0.02592 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $24.5M | $22.1M | 75x |
| Short | Backpack MON_USDC_PERP | 0.02593 | 0.0303 | get 0.0038% / 1h | 9m 02s | $134K | $112K | 10x |
Binance MONUSDT
Backpack MON_USDC_PERPPrice 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
- $4.63
- Funding while held
- $6.09
- Slippage, 4 orders
- −$35.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$45.04
- Spread needed to break even
- 0.558%
Slippage from Binance: live order book, 4 min ago; Backpack: live order book, 46 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0203%
- Per $10,000 a day
- +$6.09
- 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 Binance live order book, 4 min ago | 1.94 bp | 17.3 bp −$17 | 48.3 bp −$483 | 428.6 bp −$42.9K | doesn't fit |
| Sell Backpack live order book, 46 min ago | 0.77 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
MON price on every exchange
against the cheapest. Click to use as the short leg.edgeX0.02575cheapestInjective0.02576+0.044%Bulk0.02577+0.100%Variational Omni0.02577+0.100%Phoenix0.02578+0.110%dYdX0.02581+0.255%Aftermath Perps0.02584+0.358%ApeX Omni0.02585+0.394%Bybit0.02588+0.510%Pacifica0.02589+0.545%OKX0.02589+0.549%Aster0.02589+0.558%Paradex0.02590+0.574%Gate0.02591+0.627%Orderly0.02591+0.627%BloFin0.02591+0.627%GMX0.02592+0.658%
Injective
Bulk
Variational Omni
Phoenix
dYdX
ApeX Omni
Bybit
Pacifica
OKX
Aster
Paradex
Gate
Orderly
BloFin
GMXBinance0.02592+0.665%
Aevo0.02592+0.665%SoDEX0.02593+0.704%
Aevo
SoDEXBackpack0.02593+0.712%
Bitget0.02594+0.743%Perpl0.02594+0.747%Deribit0.02594+0.759%Nado0.02594+0.761%KuCoin0.02595+0.782%Lighter0.02596+0.821%Kraken Futures0.02596+0.831%Hyperliquid0.02597+0.860%Extended0.02598+0.880%Coinbase International0.02608+1.299%
Bitget
Perpl
Deribit
Nado
KuCoin
Lighter
Kraken Futures
Hyperliquid
Extended
Coinbase InternationalMON on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MONUSDC | −0.661% | +0.0100% | 4h | $47K | $237K | 10x | as long as short |
| Injective MON/USDC PERP | −0.617% | +0.0065% | 1h | $6K | $110 | 5.5x | as long as short |
| Bulk MON-USD | −0.562% | +0.0100% | 1h | $100K | $27K | 10x | as long as short |
| Variational Omni MON | −0.562% | +0.0100% | 8h | $813K | $302K | — | as long as short |
| Phoenix MON | −0.552% | 0.0000% | 1h | $13K | $386K | 5x | as long as short |
| dYdX MON-USD | −0.408% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Aftermath Perps MONUSD | −0.305% | +0.1592% | 1h | $6K | $84K | 10x | as long as short |
| ApeX Omni MONUSDT | −0.270% | +0.0100% | 1h | $69K | $501K | 50x | as long as short |
| Bybit MONUSDT | −0.154% | +0.0100% | 8h | $21.3M | $10.5M | 50x | as long as short |
| Pacifica MON | −0.120% | +0.0100% | 1h | $163K | $87K | 3x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MON-USDT-SWAP | −0.116% | +0.0100% | 4h | $4.4M | $6.5M | 50x | as long as short |
| Aster MONUSDT | −0.107% | +0.0100% | 4h | $137K | $179K | 10x | as long as short |
| Paradex MON-USD-PERP | −0.091% | +0.0100% | 8h | $8K | — | 5x | as long as short |
| Gate MON_USDT | −0.039% | +0.0100% | 4h | $955K | $911K | 50x | as long as short |
| Orderly PERP_MON_USDC | −0.039% | +0.0100% | 4h | $17K | $86K | 10x | as long as short |
| BloFin MON-USDT | −0.039% | +0.0124% | 4h | $1.4M | $192K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | −0.008% | L +0.0237% / S −0.0391% | 1h | $6K | — | 50x | as long as short |
| Binance MONUSDTlong | 0.000% | +0.0100% | 4h | $24.5M | $22.1M | 75x | |
| Aevo MON-PERP | 0.000% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| SoDEX MON-USD | +0.039% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Backpack MON_USDC_PERPshort | +0.046% | +0.0303% | 1h | $134K | $112K | 10x | |
| Bitget MONUSDT | +0.077% | +0.0100% | 4h | $2.7M | $1.6M | 25x | as long as short |
| Perpl MON | +0.081% | −0.0223% | 43m | $272K | $1.1M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.093% | +0.0637% | 1h | $42K | $55K | 25x | as long as short |
| Nado MON-PERP | +0.095% | +0.0100% | 1h | $311K | $510K | 10x | as long as short |
| KuCoin MONUSDTM | +0.116% | +0.0100% | 4h | $2.6M | $692K | 75x | as long as short |
| Lighter MON | +0.154% | +0.0096% | 1h | $900K | $769K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.165% | +0.0938% | 1h | $257K | $70K | 10x | as long as short |
| Hyperliquid MON | +0.193% | +0.0281% | 1h | $34.8M | $7.6M | 5x | as long as short |
| Extended MON-USD | +0.213% | +0.0104% | 1h | $46K | $406K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.629% | +0.1328% | 1h | $113K | $40K | 50x | as long as short |