Funding you earn now, next payment 21:20 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.024%
Price spread now: Perpl against Binance+0.147%54s7-day average +0.042% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 3 days (all we have)+0.241%+$24 · spread now +0.147%, 7d avg +0.042%
=Together, before fees+0.426%+ Points / potential airdropPerpl: Active · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.104% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.042%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.186% in total (about 9.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MONUSDT | 0.02593 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $24.6M | $24.6M | 75x |
| Short | Perpl MON | 0.02597 | 0.0447 | get 0.0040% / 43m | 42m 38s | $145K | $1.8M | 10x |
Binance MONUSDT
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against Binance. 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
- $72.77
- Price spread: +0.147% → +0.042%
- $10.41
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $59.38
- Costs to cover
- 0.238%
- Break-even
- 1.3 days
Slippage unknown: Binance: live order book, 14 min ago; Perpl: no order-book sample. 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 Binance live order book, 14 min ago | 1.93 bp | 13.3 bp −$13 | 49.3 bp −$493 | 493.3 bp −$49.3K | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | 0.02599 | +0.231% | $6K | $110 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0289% | 1h | 0.02595 | +0.062% | $63K | $110K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0232% | 1h | 0.02591 | −0.085% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0003% | 8h | 0.02590 | −0.120% | $21.6M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02599 | +0.224% | $14K | $384K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0091% | 4h | 0.02594 | +0.039% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02593 | −0.013% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02595 | +0.077% | $852K | $758K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02597 | +0.149% | $383K | $533K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02597 | +0.147% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02596 | +0.107% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02598 | +0.209% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02595 | +0.077% | $143K | $106K | 3x | as long as short |
| Binance MONUSDTlong | +0.0100% | 4h | 0.02593 | long leg | $24.6M | $24.6M | 75x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02590 | −0.116% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02602 | +0.347% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02596 | +0.116% | $1.0M | $935K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02596 | +0.116% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02596 | +0.130% | $782K | $412K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02600 | +0.283% | $48K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02598 | +0.203% | $585K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02600 | +0.270% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02593 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02597 | +0.140% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02593 | −0.019% | $39K | — | 3x | as long as short |
| BloFin MON-USDT | +0.0125% | 4h | 0.02599 | +0.231% | $1.4M | $246K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02598 | +0.177% | $268K | $67K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0136% | 1h | 0.02599 | +0.238% | $2K | $73K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02597 | +0.150% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0309% | 1h | 0.02594 | +0.050% | $138K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0382% | 4h | 0.02598 | +0.193% | $3.2M | $747K | 75x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02597 | +0.147% | $145K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.528% | $114K | $50K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
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
BloFin MON-USDT
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX