Funding you earn now, next payment 20:36 UTC+0.0291%/8h= +31.9% APRpaid last 24h −0.037%
Price spread now: Perpl against BloFin−0.023%7-day average +0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 3 days (all we have)−0.278%−$28 · spread now −0.023%, 7d avg +0.001%
=Together, before fees−0.273%+ Points / potential airdropPerpl: Active · farm board−$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Perpl is 0.024% cheaper against BloFin than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.001%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.005% in total) that is about 31 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% 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 | BloFin MON-USDT | 0.02587 | 0.0155 | pay 0.0078% / 4h | 2h 47m | $1.4M | $243K | 75x |
| Short | Perpl MON | 0.02586 | 0.0447 | get 0.0040% / 43m | 34m 17s | $145K | $1.8M | 10x |
BloFin MON-USDT
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against BloFin. 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
- $61.21
- Price spread: −0.023% → +0.001%
- −$2.39
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $33.01
- Costs to cover
- 0.258%
- Break-even
- 3.2 days
Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 5.82 bp | 12.2 bp −$12 | 30.7 bp −$307 | 132.5 bp −$13.3K | 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 | 0.02587 | 0.000% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0112% | 1h | 0.02587 | −0.004% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02579 | −0.290% | $13K | $384K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02587 | +0.019% | $63K | $110K | 25x | as long as short |
| Bybit MONUSDT | +0.0010% | 8h | 0.02585 | −0.093% | $21.6M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02585 | −0.077% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02586 | −0.039% | $847K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02585 | −0.074% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02589 | +0.071% | $349K | $534K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02589 | +0.066% | $34.9M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
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 | 0.02584 | −0.102% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02585 | −0.077% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02584 | −0.104% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02586 | −0.039% | $24.6M | $24.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02583 | −0.155% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02575 | −0.464% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02585 | −0.077% | $1.0M | $927K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02588 | +0.039% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02573 | −0.560% | $773K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02578 | −0.351% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02581 | −0.231% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02578 | −0.348% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02585 | −0.077% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02589 | +0.062% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02585 | −0.058% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02587 | +0.005% | $263K | $63K | 10x | as long as short |
| BloFin MON-USDTlong | +0.0155% | 4h | 0.02587 | long leg | $1.4M | $243K | 75x | |
| Backpack MON_USDC_PERP | +0.0243% | 1h | 0.02584 | −0.112% | $137K | $137K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02587 | +0.012% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0354% | 4h | 0.02591 | +0.155% | $3.2M | $789K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0399% | 1h | 0.02584 | −0.133% | $2K | $73K | 10x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02586 | −0.023% | $145K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +1.480% | $115K | $51K | 50x | as long as short |
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
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX