Funding you earn now, next payment 07:00 UTC−0.0173%/8h= −18.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.015%
Price spread now: Bulk against Deribit+0.523%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$740.741% of the position
Funding, last 4 days (all we have)−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.982%−$98 · spread now +0.523%, 7d avg −0.042%
=The price spread pays, funding is against you. Bulk is 0.564% dearer against Deribit than usual: you sell high and buy low (spread +0.523% now, against its 7-day average of −0.042%): +$56 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 4 days (−0.042% in total) that is about 49 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02487 | 0.0273 | pay 0.0034% / 1h | 32m 46s | $72K | $138K | 25x |
| Short | Bulk MON-USD | 0.02500 | 0.0100 | get 0.0013% / 1h | 32m 46s | $103K | $1K | 10x |
Deribit MON_USDC-PERPETUAL
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.33
- Price spread: +0.523% → −0.042%
- $56.44
- Slippage, 4 orders
- −$60.12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$54
- Costs to cover
- 0.741%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 51 min ago; Bulk: live order book, 11 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 Deribit live order book, 51 min ago | 10.10 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 11 min ago | 19.96 bp | 23.5 bp −$23 | 56.6 bp −$566 | 143.8 bp −$14.4K | 729.9 bp −$364.9K |
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 | 0.02493 | +0.241% | $13K | $353K | 5x | as long as short |
| Bybit MONUSDT | +0.0060% | 8h | 0.02484 | −0.121% | $20.4M | $13.7M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0085% | 4h | 0.02486 | −0.040% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02488 | +0.040% | $798K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02484 | −0.124% | $7K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02490 | +0.108% | $396K | $573K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02484 | −0.110% | $98K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02485 | −0.097% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02486 | −0.040% | $138K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02486 | −0.046% | $23.6M | $27.6M | 75x | as long as short |
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02485 | −0.080% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02500 | +0.523% | $103K | $1K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02485 | −0.080% | $925K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02489 | +0.080% | $2.8M | $764K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02487 | 0.000% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02487 | +0.008% | $111K | $155K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02489 | +0.083% | $739K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02495 | +0.341% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02497 | +0.402% | $555K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02494 | +0.281% | $68K | $536K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02486 | −0.040% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02489 | +0.088% | $48K | $266K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02485 | −0.060% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02489 | +0.080% | $5K | $111 | 5.5x | as long as short |
| Aftermath Perps MONUSD | +0.0189% | 1h | 0.02492 | +0.213% | $6K | $100K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0216% | 1h | 0.02488 | +0.028% | $7K | $2K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02490 | +0.125% | $6K | — | 50x | as long as short |
| Deribit MON_USDC-PERPETUALlong | +0.0273% | 1h | 0.02487 | long leg | $72K | $138K | 25x | |
| BloFin MON-USDT | +0.0340% | 4h | 0.02483 | −0.161% | $1.3M | $346K | 75x | as long as short |
| Hyperliquid MON | +0.0392% | 1h | 0.02489 | +0.097% | $33.6M | $7.8M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02488 | +0.036% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02496 | +0.362% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0849% | 1h | 0.02489 | +0.068% | $267K | $119K | 10x | as long as short |
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
Aftermath Perps MONUSD
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD