MON

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0175%/8h= −19.1% APRnext payment −$0.22 per $10,000 · paid last 24h −0.173%

Price spread now: Deribit against Kraken Futures+0.062%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.465%−$46 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.062%, 7d avg −0.056%

Together, before fees−0.601%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.117% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.056%): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02563	0.0175	pay 0.0022% / 1h	7m 38s	$270K	$78K	10x
Short	Deribit MON_USDC-PERPETUAL	0.02564	0	get 0.0000% / 1h	7m 38s	$69K	$119K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$36.7
Price spread: +0.062% → −0.056%: $11.75
Slippage, 4 orders: −$68.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$110.06
Costs to cover: 0.851%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 10 min ago; Deribit: live order book, 51 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, 10 min ago	21.33 bp	32.6 bp −$33	7808.6 bp −$78.1K	doesn't fit	doesn't fit
Sell Deribit live order book, 51 min ago	6.39 bp	9.9 bp −$10	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	0.02548	−0.578%	$21.1M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.475%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02568	+0.214%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02567	+0.182%	$142K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUALshort	0.0000%	1h	0.02564	+0.062%	$69K	$119K	25x
Aftermath Perps MONUSD	+0.0021%	1h	0.02571	+0.303%	$2K	$73K	10x	as long as short
01 Exchange MONUSD	+0.0048%	1h	0.02550	−0.504%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02562	−0.032%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0088%	8h	0.02549	−0.529%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02552	−0.422%	$852K	$783K	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	0.02570	+0.282%	$386K	$540K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02552	−0.422%	$34.5M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02554	−0.333%	$107K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02554	−0.351%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02551	−0.461%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02549	−0.539%	$24.3M	$24.8M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02548	−0.578%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.224%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02551	−0.461%	$987K	$879K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02552	−0.422%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02551	−0.477%	$125K	$139K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02564	+0.032%	$777K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02567	+0.168%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02570	+0.268%	$576K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02569	+0.241%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02554	−0.344%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02552	−0.429%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02564	+0.026%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDlong	+0.0175%	1h	0.02563	long leg	$270K	$78K	10x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02564	+0.050%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0284%	4h	0.02555	−0.305%	$3.0M	$699K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02568	+0.202%	$1.3M	$292K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02560	−0.110%	$113K	$48K	50x	as long as short