Funding you earn now, next payment 03:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h +0.019%
Price spread now: Deribit against Pacifica+0.372%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$720.725% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now +0.372%, 7d avg +0.016%
=Together, before fees+0.187%+ Points / potential airdropPacifica: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.356% dearer against Pacifica than usual: you sell high and buy low (spread +0.372% now, against its 7-day average of +0.016%): +$36 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MON | 0.02530 | 0.0100 | pay 0.0013% / 1h | 35m 09s | $140K | $93K | 3x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02539 | 0.0065 | get 0.0008% / 1h | 35m 09s | $68K | $125K | 25x |
Pacifica MON
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$7.31
- Price spread: +0.372% → +0.016%
- $35.56
- Slippage, 4 orders
- −$57.45
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$44.2
- Costs to cover
- 0.725%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 27 min ago; Deribit: live order book, 4 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, 27 min ago | 5.91 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 4 min ago | 11.47 bp | 15.0 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02527 | −0.103% | $13K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0267% | 1h | 0.02538 | +0.352% | $114K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02535 | +0.217% | $6K | $111 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0148% | 8h | 0.02534 | +0.178% | $20.8M | $12.9M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0016% | 1h | 0.02535 | +0.221% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02538 | +0.348% | $105K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUALshort | +0.0065% | 1h | 0.02539 | +0.372% | $68K | $125K | 25x | |
| Orderly PERP_MON_USDC | +0.0082% | 4h | 0.02537 | +0.297% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02540 | +0.415% | $846K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02534 | +0.167% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Perpl MON
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02537 | +0.286% | $408K | $540K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02539 | +0.383% | $34.4M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02534 | +0.184% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02528 | −0.050% | $13K | — | 5x | as long as short |
| Pacifica MONlong | +0.0100% | 1h | 0.02530 | long leg | $140K | $93K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02538 | +0.320% | $24.2M | $26.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02535 | +0.217% | $4.2M | $5.8M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02535 | +0.217% | $955K | $918K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02538 | +0.336% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02537 | +0.297% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02531 | +0.040% | $752K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02528 | −0.069% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02529 | −0.010% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02530 | +0.020% | $68K | $501K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02538 | +0.336% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | +0.020% | $105K | $4K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02540 | +0.413% | $50K | $516K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02538 | +0.332% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0243% | 1h | 0.02532 | +0.096% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02537 | +0.312% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02539 | +0.376% | $1.3M | $308K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0490% | 1h | 0.02539 | +0.383% | $270K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02533 | +0.123% | $111K | $52K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX