MON

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0346%/8h= −37.9% APRnext payment −$0.43 per $10,000 · paid last 24h −0.031%

Price spread now: Kraken Futures against Coinbase International+0.008%7-day average −0.406% · you sell dearer than you buy

Net, funding: paid 7d − costs−$358as in the Funding arb table

Net, price: spread back to 7d avg − costs−$275as in the Price arb table

costs, in and out, $10k−$3163.159% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.418%−$42 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.008%, 7d avg −0.406%

Together, before fees−0.627%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.414% dearer against Coinbase International than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.406%): +$41 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02584	0.0808	pay 0.0101% / 1h	28m 07s	$113K	$51K	50x
Short	Kraken Futures PF_MONUSD	0.02584	0.0462	get 0.0058% / 1h	28m 07s	$271K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$72.6
Price spread: +0.008% → −0.406%: $41.39
Slippage, 4 orders: −$295.93
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$347.14
Costs to cover: 3.159%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 45 min ago; Kraken Futures: live order book, 44 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, 45 min ago	36.15 bp	130.6 bp −$131	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 44 min ago	17.59 bp	27.5 bp −$28	510.4 bp −$5,104	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
Injective MON/USDC PERP	−0.0444%	1h	0.02576	−0.313%	$6K	$107	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02580	−0.174%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02582	−0.093%	$70K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02580	−0.159%	$17K	$64K	10x	as long as short
01 Exchange MONUSD	+0.0080%	1h	0.02583	−0.027%	$6K	$1K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02583	−0.043%	$860K	$754K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02583	−0.037%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02588	+0.158%	$395K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02585	+0.043%	$35.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02582	−0.096%	$107K	$231K	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	0.02581	−0.128%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02583	−0.035%	$143K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02581	−0.120%	$24.7M	$25.5M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02581	−0.120%	$21.5M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02581	−0.120%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.159%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02581	−0.120%	$978K	$907K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02582	−0.081%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02582	−0.074%	$128K	$140K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02575	−0.368%	$778K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02576	−0.329%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	−0.197%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02574	−0.391%	$69K	$486K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02581	−0.120%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02584	+0.009%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02580	−0.159%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0150%	4h	0.02586	+0.074%	$3.0M	$720K	75x	as long as short
Aftermath Perps MONUSD	+0.0174%	1h	0.02579	−0.184%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02581	−0.139%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02579	−0.197%	$1.4M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02579	−0.193%	$182K	$2.0M	10x	as long as short
Kraken Futures PF_MONUSDshort	+0.0462%	1h	0.02584	+0.008%	$271K	$78K	10x
Coinbase International MON-PERP-INTXlong	+0.0808%	1h	0.02584	long leg	$113K	$51K	50x