MON

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0644%/8h= −70.5% APRnext payment −$0.80 per $10,000 · paid last 24h −0.211%

Price spread now: Bulk against Coinbase International−0.560%7-day average −0.542% · 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−$228as in the Price arb table

costs, in and out, $10k−$2272.266% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.635%−$64 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now −0.560%, 7d avg −0.542%

Together, before fees−0.760%−$76 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.542%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02519	0.0744	pay 0.0093% / 1h	55m 48s	$111K	$54K	50x
Short	Bulk MON-USD	0.02505	0.0100	get 0.0013% / 1h	55m 48s	$103K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Coinbase International. 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 Coinbase InternationalbpFee BulkbpOrdersPrice spread, now −0.560%Rate

Funding earned: −$135.24
Price spread: −0.560% → −0.542%: −$1.78
Slippage, 4 orders: −$209.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$363.61
Costs to cover: 2.266%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 42 min ago; Bulk: live order book, 43 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 Coinbase International live order book, 42 min ago	20.59 bp	138.4 bp −$138	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 43 min ago	19.96 bp	23.5 bp −$23	39.9 bp −$399	127.6 bp −$12.8K	714.3 bp −$357.2K

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_PERP	−0.0227%	1h	0.02511	−0.329%	$110K	$157K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−0.560%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02506	−0.512%	$13K	$346K	5x	as long as short
Perpl MON	0.0000%	43m	0.02515	−0.171%	$119K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02511	−0.333%	$73K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02512	−0.282%	$807K	$765K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02513	−0.250%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02516	−0.108%	$394K	$573K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02506	−0.504%	$33.9M	$7.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02509	−0.407%	$99K	$213K	10x	as long as short

Show 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	−0.254%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02516	−0.123%	$139K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02505	−0.578%	$23.8M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02503	−0.639%	$20.9M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02501	−0.719%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02508	−0.441%	$939K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02511	−0.322%	$2.9M	$765K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02506	−0.520%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02508	−0.437%	$745K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02502	−0.664%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	−0.530%	$558K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02505	−0.560%	$68K	$544K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02512	−0.282%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02509	−0.401%	$5K	$6K	5x	as long as short
Bulk MON-USDshort	+0.0100%	1h	0.02505	−0.560%	$103K	−$0	10x
Extended MON-USD	+0.0104%	1h	0.02509	−0.408%	$50K	$318K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02510	−0.361%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02510	−0.369%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0256%	1h	0.02516	−0.131%	$6K	$3K	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	−0.758%	$1.3M	$333K	75x	as long as short
Aftermath Perps MONUSD	+0.0461%	1h	0.02508	−0.441%	$5K	$103K	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0744%	1h	0.02519	long leg	$111K	$54K	50x
Kraken Futures PF_MONUSD	+0.0797%	1h	0.02513	−0.251%	$270K	$118K	10x	as long as short