MON

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0436%/8h= +47.7% APRnext payment +$0.54 per $10,000 · paid last 24h +0.217%

Price spread now: Coinbase International against Bulk−0.063%7-day average +0.530% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$360as in the Price arb table

costs, in and out, $10k−$3013.008% of the position

Long on Bulk Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.611%+$61 on $10k

Price spread, last 4 days (all we have)+0.779%+$78 · spread now −0.063%, 7d avg +0.530%

Together, before fees+1.389%+$139 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.594% cheaper against Bulk than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.530%). If the spread goes back, that is −$59 on $10k: about 4.5 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MON-USD	0.02530	0.0100	pay 0.0013% / 1h	35m 26s	$105K	$4K	10x
Short	Coinbase International MON-PERP-INTX	0.02528	0.0536	get 0.0067% / 1h	35m 26s	$111K	$52K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bulk. 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 BulkbpFee Coinbase InternationalbpOrdersPrice spread, now −0.063%Rate

Funding earned: $91.56
Price spread: −0.063% → +0.530%: −$59.36
Slippage, 4 orders: −$283.76
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$268.56
Costs to cover: 3.008%
Break-even: 27.5 days

Slippage from Bulk: live order book, 28 min ago; Coinbase International: live order book, 27 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 Bulk live order book, 28 min ago	19.72 bp	23.2 bp −$23	58.1 bp −$581	134.3 bp −$13.4K	doesn't fit
Sell Coinbase International live order book, 27 min ago	20.13 bp	105.3 bp −$105	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	−0.0316%	1h	0.02527	−0.123%	$13K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0274%	1h	0.02538	+0.312%	$114K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02535	+0.198%	$6K	$111	5.5x	as long as short
Bybit MONUSDT	−0.0148%	8h	0.02535	+0.198%	$20.8M	$12.9M	50x	as long as short
01 Exchange MONUSD	−0.0016%	1h	0.02535	+0.202%	$6K	$1K	5x	as long as short
Perpl MON	0.0000%	43m	0.02538	+0.328%	$105K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0065%	1h	0.02539	+0.352%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0082%	4h	0.02537	+0.277%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02531	+0.040%	$843K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02534	+0.147%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02537	+0.266%	$408K	$540K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02539	+0.368%	$34.4M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02533	+0.100%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02528	−0.069%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02530	−0.020%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02536	+0.227%	$24.2M	$26.1M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02536	+0.237%	$4.2M	$5.8M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02535	+0.198%	$955K	$918K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02537	+0.277%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02537	+0.277%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02531	+0.020%	$752K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02528	−0.088%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02529	−0.030%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02530	0.000%	$68K	$501K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02536	+0.237%	$5K	$6K	5x	as long as short
Bulk MON-USDlong	+0.0100%	1h	0.02530	long leg	$105K	$4K	10x
Extended MON-USD	+0.0104%	1h	0.02533	+0.120%	$50K	$516K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02538	+0.312%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0243%	1h	0.02532	+0.076%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02537	+0.292%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02524	−0.237%	$1.3M	$306K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0490%	1h	0.02538	+0.335%	$270K	$100K	10x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0536%	1h	0.02528	−0.063%	$111K	$52K	50x