MON

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.199%

Price spread now: Bulk against Kraken Futures−0.066%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1111.112% of the position

Long on Kraken Futures Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.583%−$58 on $10k

Price spread, last 3 days (all we have)−0.672%−$67 · spread now −0.066%, 7d avg −0.104%

Together, before fees−1.255%−$125 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.038% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.104%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 3 days (−0.583% in total) that is about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02579	0.0174	pay 0.0022% / 1h	15m 41s	$271K	$78K	10x
Short	Bulk MON-USD	0.02578	0.0100	get 0.0013% / 1h	15m 41s	$108K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Kraken Futures. 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 Kraken FuturesbpFee BulkbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$15.46
Price spread: −0.066% → −0.104%: $3.76
Slippage, 4 orders: −$94.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$122.86
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Bulk: live order book, 3 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 Kraken Futures live order book, 2 min ago	21.33 bp	32.6 bp −$33	7808.6 bp −$78.1K	doesn't fit	doesn't fit
Sell Bulk live order book, 3 min ago	19.42 bp	22.9 bp −$23	64.0 bp −$640	161.5 bp −$16.1K	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
Bybit MONUSDT	−0.0060%	8h	0.02571	−0.321%	$21.3M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.105%	$6K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02577	−0.104%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02577	−0.100%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02578	−0.057%	$70K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02578	−0.046%	$6K	$1K	5x	as long as short
Aftermath Perps MONUSD	+0.0021%	1h	0.02577	−0.094%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02576	−0.127%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0085%	8h	0.02575	−0.164%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02577	−0.088%	$854K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02579	−0.017%	$388K	$539K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02579	−0.011%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02577	−0.077%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02577	−0.095%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02577	−0.088%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02574	−0.202%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02573	−0.244%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USDshort	+0.0100%	1h	0.02578	−0.066%	$108K	$3K	10x
Gate MON_USDT	+0.0100%	4h	0.02577	−0.088%	$1.0M	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02577	−0.088%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02576	−0.123%	$128K	$140K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02575	−0.178%	$780K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	−0.186%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	−0.088%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	−0.050%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02577	−0.088%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02579	−0.018%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02576	−0.108%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDlong	+0.0174%	1h	0.02579	long leg	$271K	$78K	10x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02577	−0.088%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0302%	4h	0.02581	+0.067%	$3.2M	$669K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02575	−0.166%	$1.3M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.063%	$114K	$49K	50x	as long as short