Spread before costs (cost unknown: a leg has no order-book sample)+0.143%
7d average—if it closes, per $10,000$14funding while held, a day+$22.73
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MON/USD [ETH-USDC] | 0.02571 | L +0.0231% / S −0.0343% | pay 0.0029% / 1h | 45m 52s | $6K | — | 50x |
| Short | Kraken Futures PF_MONUSD | 0.02575 | 0.0989 | get 0.0124% / 1h | 45m 52s | $255K | $70K | 10x |
GMX MON/USD [ETH-USDC]
Kraken Futures PF_MONUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $14.33
- Funding while held
- $22.73
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $15.06
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 63 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0758%
- Per $10,000 a day
- +$22.73
- Average in range /8h
- —
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 GMX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 63 min ago | 13.30 bp | 32.0 bp −$32 | 680.0 bp −$6,800 | doesn't fit | doesn't fit |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Aster0.02568cheapestParadex0.02568+0.014%Backpack0.02569+0.034%Pacifica0.02569+0.038%dYdX0.02570+0.071%Gate0.02570+0.077%Bitget0.02570+0.077%BloFin0.02570+0.077%Bybit0.02571+0.116%Orderly0.02571+0.116%SoDEX0.02571+0.116%Perpl0.02571+0.120%
Aster
Paradex
Backpack
Pacifica
dYdX
Gate
Bitget
BloFin
Bybit
Orderly
SoDEX
PerplGMX0.02571+0.120%
Binance0.02571+0.135%OKX0.02572+0.155%Aevo0.02572+0.167%Deribit0.02573+0.186%Lighter0.02573+0.194%01 Exchange0.02573+0.202%Extended0.02574+0.221%Variational Omni0.02574+0.222%Hyperliquid0.02574+0.225%KuCoin0.02574+0.233%Nado0.02574+0.248%
Binance
OKX
Aevo
Deribit
Lighter
Extended
Variational Omni
Hyperliquid
KuCoin
NadoKraken Futures0.02575+0.263%
ApeX Omni0.02575+0.272%edgeX0.02576+0.291%Aftermath Perps0.02576+0.328%Phoenix0.02577+0.338%Injective0.02588+0.778%Bulk0.02590+0.856%Coinbase International0.02606+1.471%
ApeX Omni
Phoenix
Injective
Bulk
Coinbase InternationalMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MONUSDT | −0.120% | +0.0100% | 4h | $113K | $222K | 10x | as long as short |
| Paradex MON-USD-PERP | −0.106% | +0.0100% | 8h | $8K | — | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.086% | +0.0267% | 1h | $126K | $127K | 10x | as long as short |
| Pacifica MON | −0.082% | +0.0100% | 1h | $162K | $89K | 3x | as long as short |
| dYdX MON-USD | −0.049% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Gate MON_USDT | −0.043% | +0.0100% | 4h | $968K | $925K | 50x | as long as short |
| Bitget MONUSDT | −0.043% | +0.0100% | 4h | $2.7M | $1.7M | 25x | as long as short |
| BloFin MON-USDT | −0.043% | +0.0110% | 4h | $1.4M | $198K | 75x | as long as short |
| Bybit MONUSDT | −0.004% | +0.0085% | 8h | $21.4M | $11.3M | 50x | as long as short |
| Orderly PERP_MON_USDC | −0.004% | +0.0100% | 4h | $17K | $71K | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX MON-USD | −0.004% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Perpl MON | 0.000% | +0.0447% | 43m | $219K | $1.6M | 10x | as long as short |
| GMX MON/USD [ETH-USDC]long | 0.000% | L +0.0231% / S −0.0343% | 1h | $6K | — | 50x | |
| Binance MONUSDT | +0.015% | +0.0100% | 4h | $24.5M | $23.3M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.035% | +0.0100% | 4h | $4.4M | $6.5M | 50x | as long as short |
| Aevo MON-PERP | +0.047% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.066% | +0.0528% | 1h | $44K | $70K | 25x | as long as short |
| Lighter MON | +0.074% | +0.0096% | 1h | $877K | $770K | 10x | as long as short |
| 01 Exchange MONUSD | +0.082% | +0.0400% | 1h | $6K | $2K | 5x | as long as short |
| Extended MON-USD | +0.101% | +0.0104% | 1h | $45K | $402K | 10x | as long as short |
| Variational Omni MON | +0.102% | +0.0100% | 8h | $796K | $314K | — | as long as short |
| Hyperliquid MON | +0.105% | +0.0129% | 1h | $34.6M | $7.8M | 5x | as long as short |
| KuCoin MONUSDTM | +0.113% | +0.0426% | 4h | $2.6M | $703K | 75x | as long as short |
| Nado MON-PERP | +0.128% | +0.0100% | 1h | $300K | $511K | 10x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.143% | +0.0989% | 1h | $255K | $70K | 10x | |
| ApeX Omni MONUSDT | +0.152% | +0.0100% | 1h | $69K | $498K | 50x | as long as short |
| edgeX MONUSDC | +0.171% | +0.0100% | 4h | $47K | $240K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.208% | +0.1354% | 1h | $6K | $83K | 10x | as long as short |
| Phoenix MON | +0.218% | +0.0310% | 1h | $13K | $420K | 5x | as long as short |
| Injective MON/USDC PERP | +0.657% | +0.0199% | 1h | $6K | $108 | 5.5x | as long as short |
| Bulk MON-USD | +0.735% | +0.0100% | 1h | $101K | $20K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +1.350% | +0.1176% | 1h | $115K | $41K | 50x | as long as short |