Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0321%/8hnext payment −$0.40 per $10,000 · paid last 24h −0.214%

Price spread now: Pacifica against Kraken Futures−0.049%7-day average −0.066% · you buy dearer than you sell

to open and close $10k−$159fees + slippage, both legs, in and out

costs, in % of the position1.587%what the two incomes have to cover

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.456%−$46 on $10k

Price spread, last 3 days (all we have)−0.286%−$29 · spread now −0.049%, 7d avg −0.066%

Together, before fees−0.742%+ Points / potential airdropPacifica: Active · farm board−$74 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02534	0.0421	pay 0.0053% / 1h	46m 43s	$252K	$61K	10x
Short	Pacifica MON	0.02533	0.0100	get 0.0013% / 1h	46m 43s	$144K	$104K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.049%Rate

Funding earned: −$67.36
Price spread: −0.049% → −0.066%: $1.72
Slippage, 4 orders: −$140.71
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$224.35
Costs to cover: 1.587%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago	19.68 bp	46.3 bp −$46	10263.4 bp −$102.6K	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	3.95 bp	22.9 bp −$23	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
Backpack MON_USDC_PERP	−0.0252%	1h	0.02533	−0.041%	$133K	$135K	10x	as long as short
Injective MON/USDC PERP	−0.0242%	1h	0.02538	+0.152%	$6K	$108	5.5x	as long as short
01 Exchange MONUSD	−0.0120%	1h	0.02531	−0.128%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0036%	8h	0.02530	−0.163%	$21.0M	$11.2M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02532	−0.073%	$13K	$374K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02533	−0.057%	$47K	$74K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02533	−0.045%	$825K	$743K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02531	−0.121%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02536	+0.071%	$315K	$528K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02534	+0.010%	$34.2M	$7.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02534	−0.007%	$105K	$240K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02534	−0.005%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02533	−0.049%	$144K	$104K	3x
Binance MONUSDT	+0.0100%	4h	0.02531	−0.124%	$23.9M	$23.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02530	−0.163%	$4.3M	$5.7M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	−0.163%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02533	−0.045%	$961K	$931K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02533	−0.045%	$2.6M	$1.7M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02531	−0.106%	$755K	$366K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02533	−0.051%	$47K	$241K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02534	−0.021%	$575K	$1.3M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02535	+0.034%	$68K	$490K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02531	−0.124%	$16K	$64K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02531	−0.124%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02534	+0.005%	$45K	$400K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02532	−0.104%	$38K	—	3x	as long as short
BloFin MON-USDT	+0.0140%	4h	0.02529	−0.203%	$1.4M	$219K	75x	as long as short
KuCoin MONUSDTM	+0.0220%	4h	0.02539	+0.192%	$3.1M	$772K	75x	as long as short
Perpl MON	+0.0223%	43m	0.02536	+0.081%	$208K	$1.7M	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0343%	1h	0.02532	−0.069%	$6K	—	50x	as long as short
Kraken Futures PF_MONUSDlong	+0.0421%	1h	0.02534	long leg	$252K	$61K	10x
Aftermath Perps MONUSD	+0.0475%	1h	0.02534	+0.007%	$2K	$72K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0624%	1h	0.02546	+0.452%	$113K	$51K	50x	as long as short