MON

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0125%/8h= −13.7% APRnext payment −$0.16 per $10,000 · paid last 24h +0.091%

Price spread now: Backpack against dYdX+0.095%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.095% dearer against dYdX than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX MON-USD	0.02497	0.0100	pay 0.0013% / 1h	55m 35s	$12K	—	5x
Short	Backpack MON_USDC_PERP	0.02500	−0.0025	pay 0.0003% / 1h	55m 35s	$110K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$26.35
Price spread: +0.095% → 0.000%: $9.51
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$36.84
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 57 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 57 min ago	0.20 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_PERPshort	−0.0025%	1h	0.02500	+0.095%	$110K	$153K	10x
Phoenix MON	0.0000%	1h	0.02497	−0.021%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02500	+0.103%	$73K	$136K	25x	as long as short
Bybit MONUSDT	+0.0013%	8h	0.02495	−0.097%	$20.5M	$13.5M	50x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02515	+0.704%	$5K	$110	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0082%	4h	0.02499	+0.063%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02498	+0.023%	$838K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02495	−0.094%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02497	−0.005%	$405K	$587K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02500	+0.119%	$33.6M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02498	+0.030%	$100K	$218K	10x	as long as short
dYdX MON-USDlong	+0.0100%	1h	0.02497	long leg	$12K	—	5x
Pacifica MON	+0.0100%	1h	0.02498	+0.035%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02497	−0.002%	$23.7M	$27.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02496	−0.057%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.103%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02498	+0.023%	$934K	$985K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02503	+0.223%	$2.9M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02499	+0.063%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02495	−0.095%	$740K	$403K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02493	−0.177%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02497	−0.026%	$562K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02492	−0.217%	$68K	$523K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02499	+0.063%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02498	+0.024%	$48K	$285K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02499	+0.063%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0136%	1h	0.02497	−0.029%	$6K	$1K	5x	as long as short
Aftermath Perps MONUSD	+0.0248%	1h	0.02498	+0.005%	$2K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02498	+0.023%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02492	−0.217%	$1.3M	$337K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02497	−0.013%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.304%	$110K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1017%	1h	0.02503	+0.208%	$269K	$112K	10x	as long as short