Funding you earn now, next payment 22:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.164%
Price spread now: Backpack against Pacifica+0.139%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$830.832% of the position
Funding, last 7 days+0.695%+$69 on $10k
+Price spread, last 4 days (all we have)−0.414%−$41 · spread now +0.139%, 7d avg −0.001%
=Together, before fees+0.280%+ Points / potential airdropPacifica: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.140% dearer against Pacifica than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MON | 0.02594 | 0.0100 | pay 0.0013% / 1h | 37m 07s | $143K | $107K | 3x |
| Short | Backpack MON_USDC_PERP | 0.02598 | 0.0253 | get 0.0032% / 1h | 37m 07s | $138K | $137K | 10x |
Pacifica MON
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- $32.12
- Price spread: +0.139% → −0.001%
- $13.98
- Slippage, 4 orders
- −$65.16
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$37.06
- Costs to cover
- 0.832%
- Break-even
- 15.1 days
Slippage from Pacifica: live order book, 50 min ago; Backpack: 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 Pacifica live order book, 50 min ago | 5.82 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 51 min ago | 0.97 bp | 12.2 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02587 | −0.278% | $6K | $107 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0327% | 1h | 0.02598 | +0.158% | $63K | $110K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0240% | 1h | 0.02596 | +0.069% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02587 | −0.270% | $13K | $384K | 5x | as long as short |
| Bybit MONUSDT | +0.0005% | 8h | 0.02594 | −0.008% | $21.6M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02597 | +0.108% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02595 | +0.020% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02598 | +0.146% | $851K | $753K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02597 | +0.099% | $364K | $534K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02598 | +0.158% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02594 | −0.013% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02597 | +0.125% | $13K | — | 5x | as long as short |
| Pacifica MONlong | +0.0100% | 1h | 0.02594 | long leg | $143K | $107K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02597 | +0.112% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02593 | −0.046% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02581 | −0.516% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02598 | +0.146% | $1.0M | $929K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02598 | +0.146% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02584 | −0.412% | $777K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02584 | −0.378% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02588 | −0.238% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02587 | −0.278% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02595 | +0.031% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02596 | +0.088% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02598 | +0.127% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02599 | +0.168% | $268K | $67K | 10x | as long as short |
| BloFin MON-USDT | +0.0155% | 4h | 0.02594 | −0.008% | $1.4M | $243K | 75x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0253% | 1h | 0.02598 | +0.139% | $138K | $137K | 10x | |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02599 | +0.197% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0290% | 1h | 0.02589 | −0.215% | $2K | $73K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0344% | 4h | 0.02603 | +0.339% | $3.2M | $745K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02597 | +0.123% | $146K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02604 | +0.393% | $115K | $51K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
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
Kraken Futures PF_MONUSD
BloFin MON-USDT
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX