MON

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1202%/8h= +131.7% APRnext payment +$1.50 per $10,000 · paid last 24h +0.173%

Price spread now: Kraken Futures against Deribit+0.086%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1041.041% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.625%+$62 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.086%, 7d avg +0.061%

Together, before fees+0.591%+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Kraken Futures is 0.025% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.061%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.625% in total (about 32.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MON_USDC-PERPETUAL	0.02505	0	get 0.0000% / 1h	15m 33s	$73K	$138K	25x
Short	Kraken Futures PF_MONUSD	0.02507	0.1202	get 0.0150% / 1h	15m 33s	$269K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.086%Rate

Funding earned: $252.5
Price spread: +0.086% → +0.061%: $2.51
Slippage, 4 orders: −$87.06
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $150.95
Costs to cover: 1.041%
Break-even: 2.8 days

Slippage from Deribit: live order book, 63 min ago; Kraken Futures: live order book, 22 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, 63 min ago	9.00 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 22 min ago	25.97 bp	45.0 bp −$45	459.6 bp −$4,596	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	−0.0032%	1h	0.02503	−0.076%	$5K	$111	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02497	−0.303%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02508	+0.140%	$123K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUALlong	0.0000%	1h	0.02505	long leg	$73K	$138K	25x
Lighter MON	+0.0096%	1h	0.02507	+0.084%	$804K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02505	−0.012%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02511	+0.235%	$394K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02505	+0.010%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02502	−0.116%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02506	+0.032%	$139K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02505	+0.004%	$23.8M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02504	−0.028%	$20.9M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02504	−0.036%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02507	+0.084%	$939K	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02507	+0.084%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02506	+0.044%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02505	+0.020%	$109K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02503	−0.091%	$743K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02505	−0.013%	$41K	$252K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	+0.025%	$558K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02504	−0.036%	$68K	$541K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02505	+0.004%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	−0.036%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.209%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02509	+0.154%	$47K	$316K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02504	−0.052%	$38K	—	3x	as long as short
Hyperliquid MON	+0.0156%	1h	0.02509	+0.152%	$33.9M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02508	+0.120%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02504	−0.020%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.044%	$1.3M	$334K	75x	as long as short
Aftermath Perps MONUSD	+0.0607%	1h	0.02503	−0.091%	$4K	$102K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.395%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSDshort	+0.1202%	1h	0.02507	+0.086%	$269K	$118K	10x