Funding you earn now, next payment 10:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.013%
Price spread now: Bybit against SoDEX−0.040%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.040% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MON-USD | 0.02525 | 0.0100 | pay 0.0013% / 1h | 1m 09s | $5K | $6K | 5x |
| Short | Bybit MONUSDT | 0.02524 | 0.0058 | get 0.0058% / 8h | 6h 01m | $21.2M | $13.5M | 50x |
SoDEX MON-USD
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SoDEX. 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
- −$8.91
- Price spread: −0.040% → 0.000%
- −$3.96
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.87
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, just now. Net counts fees only.
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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, just now | 3.96 bp | 25.3 bp −$25 | 63.2 bp −$632 | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0138% | 1h | 0.02527 | +0.071% | $113K | $148K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02539 | +0.570% | $13K | $307K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02526 | +0.040% | $74K | $112K | 25x | as long as short |
| Injective MON/USDC PERP | +0.0033% | 1h | 0.02541 | +0.634% | $6K | $105 | 5.5x | as long as short |
| Bybit MONUSDTshort | +0.0058% | 8h | 0.02524 | −0.040% | $21.2M | $13.5M | 50x | |
| Lighter MON | +0.0096% | 1h | 0.02528 | +0.119% | $829K | $774K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02524 | −0.044% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02528 | +0.111% | $392K | $571K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02528 | +0.131% | $33.9M | $6.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02527 | +0.067% | $100K | $205K | 10x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02527 | +0.068% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02525 | +0.004% | $140K | $88K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02525 | 0.000% | $24.3M | $26.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02524 | −0.040% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02535 | +0.379% | $104K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02527 | +0.079% | $1.1M | $1.3M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02527 | +0.079% | $2.9M | $754K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02528 | +0.119% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02536 | +0.432% | $756K | $378K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02541 | +0.618% | $42K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02532 | +0.277% | $562K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02540 | +0.594% | $69K | $546K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02526 | +0.040% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USDlong | +0.0100% | 1h | 0.02525 | long leg | $5K | $6K | 5x | |
| Extended MON-USD | +0.0104% | 1h | 0.02527 | +0.079% | $59K | $323K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02526 | +0.036% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0152% | 1h | 0.02524 | −0.048% | $6K | $2K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02526 | +0.028% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02522 | −0.119% | $1.4M | $389K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02527 | +0.063% | $117K | $2.1M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0676% | 1h | 0.02528 | +0.132% | $273K | $124K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0704% | 1h | 0.02530 | +0.183% | $5K | $96K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0800% | 1h | 0.02539 | +0.543% | $112K | $50K | 50x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX