After costs, if the gap returns to its 7d average, $10k−$72
spread now+0.094%7d average+0.115%fees + slippage, in and out−$70spread needed0.701%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MONUSDT | 0.02550 | 0.0032 | pay 0.0032% / 8h | 6h 40m | $21.3M | $11.0M | 50x |
| Short | Backpack MON_USDC_PERP | 0.02552 | 0.0100 | get 0.0013% / 1h | 40m 50s | $123K | $126K | 10x |
Bybit 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
- $9.41
- Funding while held
- $2.03
- Slippage, 4 orders
- −$49.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$58.62
- Spread needed to break even
- 0.701%
Slippage from Bybit: live order book, 4 min ago; Backpack: live order book, 64 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0067%
- Per $10,000 a day
- +$2.02
- 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 Bybit live order book, 4 min ago | 1.95 bp | 16.0 bp −$16 | 68.0 bp −$680 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 64 min ago | 0.58 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
MON price on every exchange
against the cheapest. Click to use as the short leg.01 Exchange0.02549cheapestAster0.02550+0.024%
AsterBybit0.02550+0.024%
OKX0.02552+0.102%SoDEX0.02552+0.102%BloFin0.02552+0.102%
OKX
SoDEX
BloFinBackpack0.02552+0.118%
Paradex0.02553+0.124%Orderly0.02553+0.141%Aevo0.02553+0.141%GMX0.02553+0.161%Binance0.02554+0.180%Gate0.02554+0.180%Deribit0.02554+0.184%dYdX0.02555+0.200%Lighter0.02555+0.220%Pacifica0.02555+0.220%Bitget0.02555+0.220%Hyperliquid0.02556+0.259%KuCoin0.02556+0.259%Kraken Futures0.02556+0.271%Nado0.02557+0.281%Extended0.02557+0.285%Coinbase International0.02557+0.290%Perpl0.02557+0.294%Bulk0.02560+0.416%edgeX0.02562+0.487%Phoenix0.02562+0.502%ApeX Omni0.02563+0.533%Aftermath Perps0.02564+0.585%Variational Omni0.02567+0.674%Injective0.02571+0.847%
Paradex
Orderly
Aevo
GMX
Binance
Gate
Deribit
dYdX
Lighter
Pacifica
Bitget
Hyperliquid
KuCoin
Kraken Futures
Nado
Extended
Coinbase International
Perpl
Bulk
Phoenix
ApeX Omni
Variational Omni
InjectiveMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.024% | 0.0000% | 1h | $6K | $1K | 5x | as long as short |
| Aster MONUSDT | 0.000% | +0.0100% | 4h | $105K | $239K | 10x | as long as short |
| Bybit MONUSDTlong | 0.000% | +0.0032% | 8h | $21.3M | $11.0M | 50x | |
| OKX MON-USDT-SWAP | +0.078% | +0.0100% | 4h | $4.4M | $6.1M | 50x | as long as short |
| SoDEX MON-USD | +0.078% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| BloFin MON-USDT | +0.078% | +0.0108% | 4h | $1.4M | $199K | 75x | as long as short |
| Backpack MON_USDC_PERPshort | +0.094% | +0.0100% | 1h | $123K | $126K | 10x | |
| Paradex MON-USD-PERP | +0.101% | +0.0100% | 8h | $8K | $42 | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.118% | +0.0100% | 4h | $17K | $71K | 10x | as long as short |
| Aevo MON-PERP | +0.118% | +0.0104% | 1h | $39K | — | 3x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX MON/USD [ETH-USDC] | +0.137% | L +0.0231% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| Binance MONUSDT | +0.157% | +0.0100% | 4h | $24.3M | $23.2M | 75x | as long as short |
| Gate MON_USDT | +0.157% | +0.0100% | 4h | $963K | $933K | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.161% | 0.0000% | 1h | $46K | $72K | 25x | as long as short |
| dYdX MON-USD | +0.176% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Lighter MON | +0.196% | +0.0096% | 1h | $845K | $750K | 10x | as long as short |
| Pacifica MON | +0.196% | +0.0100% | 1h | $154K | $96K | 3x | as long as short |
| Bitget MONUSDT | +0.196% | +0.0100% | 4h | $2.6M | $1.7M | 25x | as long as short |
| Hyperliquid MON | +0.235% | +0.0254% | 1h | $34.5M | $7.6M | 5x | as long as short |
| KuCoin MONUSDTM | +0.235% | +0.0498% | 4h | $2.6M | $709K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.247% | +0.1078% | 1h | $254K | $68K | 10x | as long as short |
| Nado MON-PERP | +0.258% | +0.0100% | 1h | $300K | $506K | 10x | as long as short |
| Extended MON-USD | +0.261% | +0.0104% | 1h | $45K | $400K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.267% | +0.0928% | 1h | $114K | $50K | 50x | as long as short |
| Perpl MON | +0.271% | +0.0447% | 43m | $211K | $1.6M | 10x | as long as short |
| Bulk MON-USD | +0.392% | +0.0100% | 1h | $105K | $5K | 10x | as long as short |
| edgeX MONUSDC | +0.464% | +0.0100% | 4h | $47K | $241K | 10x | as long as short |
| Phoenix MON | +0.478% | 0.0000% | 1h | $13K | $386K | 5x | as long as short |
| ApeX Omni MONUSDT | +0.510% | +0.0100% | 1h | $68K | $495K | 50x | as long as short |
| Aftermath Perps MONUSD | +0.561% | +0.1321% | 1h | $6K | $68K | 10x | as long as short |
| Variational Omni MON | +0.651% | +0.0100% | 8h | $794K | $295K | — | as long as short |
| Injective MON/USDC PERP | +0.824% | −0.0302% | 1h | $6K | $106 | 5.5x | as long as short |