# MON funding rates and arbitrage

Updated 2026-10-30 09:23 UTC · https://afterfees.xyz/coin/MON

## Best MON arbitrage after every cost

No MON pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## MON funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_MONUSD | 0.0087% | 1 h | +75.9% | −11.4% | $311.6K | 2026-10-30 10:00 |
| [Perpl](https://afterfees.xyz/venues/perpl) | MON | 0.0040% | 0.7166666666666666666666666667 h | +48.9% | — | $58.3K | — |
| [Extended](https://afterfees.xyz/venues/extended) | MON-USD | 0.0013% | 1 h | +11.4% | −8.2% | $99.6K | 2026-10-30 10:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MONUSDTM | 0.0050% | 4 h | +10.9% | +3.5% | $1.4M | 2026-10-30 12:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | MONUSDT | 0.0050% | 4 h | +10.9% | −6.1% | — | 2026-10-30 12:00 |
| [dYdX](https://afterfees.xyz/venues/dydx) | MON-USD | 0.0013% | 1 h | +10.9% | +11.0% | $11.6K | 2026-10-30 10:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | MON | 0.0013% | 1 h | +10.9% | +3.2% | $92.7K | 2026-10-30 10:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | MON_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $4.3M | 2026-10-30 12:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | MON-USDT | 0.0013% | 1 h | +10.9% | +6.7% | $35.6K | 2026-10-30 10:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_MON_USDT | 0.0050% | 4 h | +10.9% | −5.3% | $3.5K | 2026-10-30 12:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | MONUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 12:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | MON_USDT_Perp | 0.0050% | 4 h | +10.9% | +10.6% | $427.1K | 2026-10-30 12:00 |
| [Binance](https://afterfees.xyz/venues/binance) | MONUSDT | 0.0050% | 4 h | +10.9% | −5.2% | $19.7M | 2026-10-30 12:00 |
| [Aster](https://afterfees.xyz/venues/aster) | MONUSDT | 0.0050% | 4 h | +10.9% | +0.8% | $80.3K | 2026-10-30 12:00 |
| [Variational](https://afterfees.xyz/venues/variational) | MON-PERP | 0.0100% | 8 h | +10.9% | — | $424.9K | 2026-10-30 16:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | MON | 0.0013% | 1 h | +10.9% | +3.0% | $29.3M | 2026-10-30 10:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | MON | 0.0012% | 1 h | +10.5% | +3.2% | $528.4K | 2026-10-30 10:00 |
| [Bulk](https://afterfees.xyz/venues/bulk) | MON-USD | 0.0010% | 1 h | +9.0% | — | $134K | 2026-10-30 10:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | MON-USD-PERP | 0.0065% | 8 h | +7.1% | — | $5.9K | 2026-10-30 16:00 |
| [RISEx](https://afterfees.xyz/venues/risex) | MON/USDC | 0.0006% | 1 h | +5.6% | — | $48.8K | 2026-10-30 10:00 |
| [Gate](https://afterfees.xyz/venues/gate) | MON_USDT | 0.0004% | 4 h | +0.9% | −5.3% | $324.8K | 2026-10-30 12:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | MON | 0.0000% | 1 h | 0.0% | −22.5% | — | 2026-10-30 10:00 |
| [OKX](https://afterfees.xyz/venues/okx) | MON-USDT-SWAP | -0.0009% | 4 h | −1.9% | −4.5% | $3.3M | 2026-10-30 12:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | MON-USDC | -0.0007% | 1 h | −6.2% | — | $490.3K | 2026-10-30 10:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | MONUSDT | -0.0029% | 4 h | −6.4% | +2.4% | $1.9M | 2026-10-30 12:00 |
| [Nado](https://afterfees.xyz/venues/nado) | MON-PERP_USDT0 | -0.0012% | 1 h | −10.9% | — | $421.2K | 2026-10-30 10:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | MONUSDT | -0.0165% | 8 h | −18.1% | −12.9% | $12.6M | 2026-10-30 16:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | MONUSD-PERP | -0.0025% | 1 h | −21.8% | −25.3% | $4.9K | 2026-10-30 10:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | MON-USDT | -0.0100% | 4 h | −21.9% | +19.1% | $1.1M | 2026-10-30 12:00 |
| [Backpack](https://afterfees.xyz/venues/backpack) | MON_USDC_PERP | -0.0144% | 1 h | −125.9% | −43.2% | $300.5K | 2026-10-30 10:00 |

## Borrow MON to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 2.61% | — |
| Gate | 11.29% | $120K |
| OKX | 18.61% | — |
| Bybit | 58.67% | — |

## Cost to enter $10,000 of MON

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Nado | MON-PERP_USDT0 | 10.8 bp | order-book snapshot, 0 min old |
| Backpack | MON_USDC_PERP | 15.1 bp * | order-book snapshot, 16 min old |
| Lighter | MON | 2.6 bp | top of book only |
| Binance | MONUSDT | 7.6 bp | top of book only |
| OKX | MON-USDT-SWAP | 7.6 bp | top of book only |
| Extended | MON-USD | 7.6 bp | top of book only |
| Bybit | MONUSDT | 8.1 bp | top of book only |
| BloFin | MON-USDT | 8.6 bp | top of book only |
| GRVT | MON_USDT_Perp | 9.6 bp | top of book only |
| Gate | MON_USDT | 10.1 bp | top of book only |
| Bybit | MONUSDT (spot) | 12.6 bp | top of book only |
| Bitget | MONUSDT (spot) | 12.6 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account._

## More on MON

- [Borrow MON: rates on every exchange](https://afterfees.xyz/borrow/MON)

## Questions

**Is MON funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no MON pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest MON funding rate?**

Kraken at +75.9% a year (0.0087% every 1 h); the lowest is Backpack at −125.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._