MON

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.024%

Price spread now: Coinbase International against Kraken Futures+0.156%7-day average +0.391% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1121.123% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.431%+$43 on $10k

Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.156%, 7d avg +0.391%

Together, before fees+0.274%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.236% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.156% now, against its 7-day average of +0.391%). If the spread goes back, that is −$24 on $10k: about 2.2 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02556	0.0175	pay 0.0022% / 1h	6m 30s	$268K	$78K	10x
Short	Coinbase International MON-PERP-INTX	0.02560	0.0536	get 0.0067% / 1h	6m 30s	$113K	$49K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.156%Rate

Funding earned: $75.77
Price spread: +0.156% → +0.391%: −$23.55
Slippage, 4 orders: −$92.3
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$60.08
Costs to cover: 1.123%
Break-even: 12.6 days

Slippage from Kraken Futures: live order book, 11 min ago; Coinbase International: live order book, 11 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, 11 min ago	21.33 bp	32.6 bp −$33	7808.6 bp −$78.1K	doesn't fit	doesn't fit
Sell Coinbase International live order book, 11 min ago	15.92 bp	20.9 bp −$21	doesn't fit	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
Bybit MONUSDT	−0.0071%	8h	0.02554	−0.079%	$21.1M	$11.9M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.743%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02565	+0.340%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02560	+0.175%	$129K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02552	−0.161%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0023%	1h	0.02567	+0.438%	$2K	$73K	10x	as long as short
01 Exchange MONUSD	+0.0040%	1h	0.02556	+0.011%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02549	−0.275%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0088%	8h	0.02553	−0.108%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02558	+0.078%	$854K	$784K	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	0.02558	+0.079%	$388K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02560	+0.171%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02557	+0.048%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02560	+0.143%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02558	+0.078%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02557	+0.049%	$24.4M	$24.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02556	−0.001%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.491%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02557	+0.038%	$990K	$879K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02559	+0.117%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02554	−0.079%	$127K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02564	+0.299%	$777K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02567	+0.435%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02570	+0.535%	$576K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02569	+0.508%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02552	−0.157%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02558	+0.086%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02550	−0.216%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDlong	+0.0175%	1h	0.02556	long leg	$268K	$78K	10x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02552	−0.165%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0282%	4h	0.02563	+0.273%	$3.0M	$701K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02541	−0.588%	$1.3M	$303K	75x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0536%	1h	0.02560	+0.156%	$113K	$49K	50x