Funding you earn now, next payment 01:00 UTC−0.0633%/8h= −69.4% APRpaid last 24h −0.195%
Price spread now: Bybit against Kraken Futures−0.274%7-day average −0.188% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$970.968% of the position
Funding, last 7 days−0.615%−$61 on $10k
+Price spread, last 3 days (all we have)−0.114%−$11 · spread now −0.274%, 7d avg −0.188%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.087% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.188%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02560 | 0.0467 | pay 0.0058% / 1h | 55m 43s | $269K | $78K | 10x |
| Short | Bybit MONUSDT | 0.02553 | −0.0167 | pay 0.0167% / 8h | 7h 55m | $21.1M | $12.1M | 50x |
Kraken Futures PF_MONUSD
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$133
- Price spread: −0.274% → −0.188%
- −$8.66
- Slippage, 4 orders
- −$75.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$238.43
- Costs to cover
- 0.968%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 17 min ago; Bybit: 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, 17 min ago | 17.59 bp | 34.4 bp −$34 | 8258.4 bp −$82.6K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.91 bp | 17.4 bp −$17 | 60.8 bp −$608 | 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 | −0.0444% | 1h | 0.02559 | −0.055% | $6K | $104 | 5.5x | as long as short |
| Bybit MONUSDTshort | −0.0167% | 8h | 0.02553 | −0.274% | $21.1M | $12.1M | 50x | |
| Backpack MON_USDC_PERP | −0.0008% | 1h | 0.02559 | −0.059% | $127K | $141K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02559 | −0.040% | $13K | $351K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02558 | −0.098% | $69K | $119K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02559 | −0.059% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02557 | −0.134% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02558 | −0.094% | $849K | $739K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02554 | −0.240% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02560 | −0.010% | $390K | $541K | 10x | as long as short |
Injective MON/USDC PERP
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02560 | −0.032% | $34.6M | $7.7M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02559 | −0.046% | $106K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02559 | −0.051% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02557 | −0.126% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02557 | −0.126% | $24.4M | $25.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02553 | −0.290% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02560 | −0.016% | $107K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02558 | −0.094% | $978K | $889K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02557 | −0.134% | $2.7M | $1.9M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02556 | −0.167% | $772K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02561 | +0.034% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02565 | +0.179% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02565 | +0.179% | $68K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02557 | −0.134% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02561 | +0.029% | $51K | $404K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02558 | −0.083% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0118% | 1h | 0.02561 | +0.006% | $3K | $75K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0230% | 4h | 0.02564 | +0.140% | $3.0M | $720K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02557 | −0.145% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02558 | −0.094% | $1.3M | $306K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02557 | −0.126% | $124K | $1.8M | 10x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0467% | 1h | 0.02560 | long leg | $269K | $78K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02609 | +1.893% | $115K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX