Funding you earn now, next payment 22:00 UTC+0.0473%/8h= +51.8% APRnext payment +$0.59 per $10,000 · paid last 24h +0.090%
Price spread now: Backpack against 01 Exchange+0.054%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and Backpack is 0.054% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MONUSD | 0.02596 | −0.0232 | get 0.0029% / 1h | 32m 16s | $6K | $1K | 5x |
| Short | Backpack MON_USDC_PERP | 0.02598 | 0.0241 | get 0.0030% / 1h | 32m 16s | $138K | $137K | 10x |
01 Exchange MONUSD
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against 01 Exchange. 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
- $99.38
- Price spread: +0.054% → 0.000%
- $5.39
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $87.77
- Costs to cover
- 0.170%
- Break-even
- 0.8 days
Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 55 min ago. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 55 min ago | 0.97 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
01 Exchange: 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 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 | 0.02596 | −0.019% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSDlong | −0.0232% | 1h | 0.02596 | long leg | $6K | $1K | 5x | |
| Deribit MON_USDC-PERPETUAL | −0.0096% | 1h | 0.02599 | +0.104% | $63K | $110K | 25x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02598 | +0.039% | $14K | $384K | 5x | as long as short |
| Bybit MONUSDT | +0.0009% | 8h | 0.02596 | −0.019% | $21.7M | $11.8M | 50x | as long as short |
| BloFin MON-USDT | +0.0055% | 4h | 0.02600 | +0.135% | $1.4M | $246K | 75x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02596 | −0.019% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02597 | +0.013% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02599 | +0.096% | $851K | $753K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02601 | +0.162% | $367K | $523K | 10x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
Phoenix MON
Bybit MONUSDT
BloFin MON-USDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02600 | +0.146% | $35.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02599 | +0.092% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02600 | +0.133% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02598 | +0.058% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02597 | +0.019% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02596 | −0.019% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02581 | −0.604% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02599 | +0.096% | $1.0M | $932K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02599 | +0.096% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02592 | −0.158% | $777K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02596 | −0.026% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02598 | +0.058% | $583K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02597 | +0.019% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02597 | +0.019% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02601 | +0.155% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02598 | +0.039% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02601 | +0.161% | $268K | $67K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0239% | 1h | 0.02595 | −0.059% | $2K | $73K | 10x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0241% | 1h | 0.02598 | +0.054% | $138K | $137K | 10x | |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02599 | +0.108% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0338% | 4h | 0.02604 | +0.289% | $3.2M | $745K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02598 | +0.058% | $146K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02609 | +0.478% | $115K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
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
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX