Funding you earn now, next payment 10:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.017%
Price spread now: Deribit against OKX+0.075%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$680.685% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.352%+$35 · spread now +0.075%, 7d avg +0.083%
=The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MON-USDT-SWAP | 0.02530 | 0.0100 | pay 0.0050% / 4h | 2h 17m | $4.2M | $6.0M | 50x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02532 | 0.0343 | get 0.0043% / 1h | 17m 57s | $72K | $115K | 25x |
OKX MON-USDT-SWAP
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- $50.99
- Price spread: +0.075% → +0.083%
- −$0.82
- Slippage, 4 orders
- −$51.49
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$18.33
- Costs to cover
- 0.685%
- Break-even
- 9.5 days
Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 33 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 OKX live order book, 3 min ago | 3.96 bp | 19.5 bp −$19 | 98.9 bp −$989 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 33 min ago | 10.43 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
MON on 33 exchanges
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 | −0.0167% | 1h | 0.02532 | +0.095% | $111K | $148K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02530 | +0.004% | $13K | $307K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0033% | 1h | 0.02541 | +0.435% | $6K | $105 | 5.5x | as long as short |
| Bybit MONUSDT | +0.0034% | 8h | 0.02528 | −0.075% | $21.1M | $13.6M | 50x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02534 | +0.158% | $831K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02526 | −0.168% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02532 | +0.096% | $395K | $569K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02532 | +0.091% | $34.0M | $6.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02533 | +0.114% | $100K | $202K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02530 | −0.010% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Injective MON/USDC PERP
Bybit MONUSDT
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USDShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02528 | −0.079% | $140K | $88K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02533 | +0.105% | $24.4M | $26.7M | 75x | as long as short |
| OKX MON-USDT-SWAPlong | +0.0100% | 4h | 0.02530 | long leg | $4.2M | $6.0M | 50x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02532 | +0.079% | $1.0M | $1.2M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02533 | +0.119% | $2.9M | $756K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02532 | +0.079% | $2.8M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02528 | −0.080% | $756K | $379K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02532 | +0.084% | $42K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02534 | +0.141% | $563K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02533 | +0.119% | $68K | $547K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02531 | +0.040% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02532 | +0.079% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | +0.981% | $105K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02533 | +0.102% | $58K | $326K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02530 | +0.016% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0136% | 1h | 0.02531 | +0.036% | $6K | $2K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02528 | −0.087% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02529 | −0.040% | $1.4M | $390K | 75x | as long as short |
| Deribit MON_USDC-PERPETUALshort | +0.0343% | 1h | 0.02532 | +0.075% | $72K | $115K | 25x | |
| Perpl MON | +0.0447% | 43m | 0.02531 | +0.028% | $117K | $2.1M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0638% | 1h | 0.02534 | +0.170% | $4K | $95K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0674% | 1h | 0.02536 | +0.221% | $272K | $121K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0800% | 1h | 0.02561 | +1.237% | $113K | $51K | 50x | as long as short |
Pacifica MON
Binance MONUSDT
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX