Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h −0.019%

Price spread now: Deribit against BloFin−0.036%7-day average +0.015% · 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−$56as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.036%, 7d avg +0.015%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.051% cheaper against BloFin than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.015%). If the spread goes back, that is −$5 on $10k: about 3.5 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.162%, 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	BloFin MON-USDT	0.02506	0.0340	pay 0.0170% / 4h	1h 03m	$1.3M	$348K	75x
Short	Deribit MON_USDC-PERPETUAL	0.02505	0.0389	get 0.0049% / 1h	3m 09s	$73K	$138K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee DeribitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $10.31
Price spread: −0.036% → +0.015%: −$5.08
Slippage, 4 orders: −$32.28
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$46.05
Costs to cover: 0.513%
Break-even: 38.3 days

Slippage from BloFin: live order book, 4 min ago; Deribit: live order book, 16 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 BloFin live order book, 4 min ago	2.00 bp	14.7 bp −$15	32.4 bp −$324	doesn't fit	doesn't fit
Sell Deribit live order book, 16 min ago	9.00 bp	12.5 bp −$12	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
Phoenix MON	0.0000%	1h	0.02505	−0.040%	$13K	$353K	5x	as long as short
Perpl MON	0.0000%	43m	0.02505	−0.036%	$126K	$2.2M	10x	as long as short
Orderly PERP_MON_USDC	+0.0089%	4h	0.02504	−0.080%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02507	+0.040%	$804K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02504	−0.080%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02510	+0.160%	$393K	$575K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02504	−0.061%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02503	−0.112%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02505	−0.044%	$139K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02504	−0.080%	$23.8M	$27.6M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02503	−0.120%	$20.7M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02504	−0.080%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.239%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02505	−0.040%	$934K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02509	+0.120%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02506	0.000%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02507	+0.028%	$110K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02504	−0.097%	$743K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02505	−0.037%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02507	+0.038%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02506	0.000%	$68K	$536K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	−0.080%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02509	+0.115%	$47K	$268K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02503	−0.112%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02500	−0.239%	$5K	$113	5.5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02503	−0.136%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0272%	1h	0.02507	+0.048%	$6K	$3K	5x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02506	long leg	$1.3M	$348K	75x
Deribit MON_USDC-PERPETUALshort	+0.0389%	1h	0.02505	−0.036%	$73K	$138K	25x
Hyperliquid MON	+0.0422%	1h	0.02509	+0.128%	$33.9M	$7.8M	5x	as long as short
Aftermath Perps MONUSD	+0.0460%	1h	0.02504	−0.064%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02511	+0.208%	$110K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0843%	1h	0.02507	+0.053%	$269K	$119K	10x	as long as short