MON Funding Rate — live across 15 venues
Compared across 15 supported venues · net of estimated fees · updated every few minutes
Live annualized MON perpetual funding across all 15 venues Perpia tracks. Right now MON funding is positive on 14 and negative on 1, ranging from +11.4% on Extended to -37.9% on BackPack — a spread of 49.3%. The widest delta-neutral trade is long BackPack / short Extended at 45.7% net APR.
MON funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
MON funding rate by venue
34 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended↗ | +11.4% | 1h |
| Nado↗ | +10.9% | 24h |
| Gate.io↗ | +10.9% | 4h |
| OKX↗ | +10.9% | 4h |
| Bybit↗ | +10.9% | 8h |
| Variational↗ | +10.9% | 8h |
| Binance↗ | +10.9% | 4h |
| Bitget↗ | +10.9% | 4h |
| Hyperliquid↗ | +10.9% | 1h |
| Aster↗ | +10.9% | 1h |
| Pacifica↗ | +10.9% | 1h |
| Lighter↗ | +10.5% | 8h |
| KuCoin↗ | +4.2% | 4h |
| Sodex↗ | +3.8% | 1h |
| BackPack↗ | -37.9% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the BackPack vs Extended page.
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MON funding — FAQ
Is MON funding positive right now?
MON perpetual funding is positive on 14 of 15 venues Perpia tracks and negative on 1. The highest is +11.4% on Extended; the lowest is -37.9% on BackPack.
What is the best MON funding arbitrage right now?
Go long BackPack and short Extended for about 45.7% net APR after fees — the widest delta-neutral MON spread Perpia currently sees.
Which exchange has the highest MON funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How MON funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to MON
Markets also quoted on both BackPack and Extended — the same two exchanges you would already have funded for the MON trade.
See every spread between them on the BackPack vs Extended page.