Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.007%
Price spread now: Orderly against Bulk−0.040%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.040% cheaper against Bulk than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MON-USD | 0.02490 | 0.0100 | pay 0.0013% / 1h | 40m 48s | $102K | $1K | 10x |
| Short | Orderly PERP_MON_USDC | 0.02489 | 0.0083 | get 0.0041% / 4h | 2h 40m | $16K | $48K | 10x |
Bulk MON-USD
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bulk. 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
- −$3.65
- Price spread: −0.040% → 0.000%
- −$4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$20.67
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 8 min ago; Orderly: 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 Bulk live order book, 8 min ago | 20.04 bp | 23.5 bp −$24 | 59.0 bp −$590 | 106.1 bp −$10.6K | 734.0 bp −$367.0K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0129% | 1h | 0.02484 | −0.229% | $109K | $153K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02492 | +0.072% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02489 | −0.048% | $73K | $136K | 25x | as long as short |
| Bybit MONUSDT | +0.0005% | 8h | 0.02476 | −0.550% | $20.4M | $13.6M | 50x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02496 | +0.241% | $5K | $111 | 5.5x | as long as short |
| 01 Exchange MONUSD | +0.0056% | 1h | 0.02487 | −0.108% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0083% | 4h | 0.02489 | −0.040% | $16K | $48K | 10x | |
| Lighter MON | +0.0096% | 1h | 0.02478 | −0.482% | $829K | $743K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02489 | −0.040% | $7K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02491 | +0.043% | $405K | $584K | 10x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Injective MON/USDC PERP
01 Exchange MONUSD
Lighter MON
Paradex MON-USD-PERP
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 | 0.02480 | −0.402% | $33.3M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02481 | −0.366% | $99K | $219K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02479 | −0.458% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02481 | −0.361% | $137K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02478 | −0.482% | $23.5M | $27.2M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02477 | −0.522% | $4.1M | $6.0M | 50x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02490 | long leg | $102K | $1K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02483 | −0.281% | $926K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02488 | −0.080% | $2.9M | $762K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02479 | −0.442% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02485 | −0.217% | $739K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02490 | −0.019% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02495 | +0.201% | $562K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02492 | +0.080% | $68K | $527K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02487 | −0.120% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02484 | −0.253% | $47K | $286K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02488 | −0.088% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0240% | 1h | 0.02494 | +0.147% | $2K | $78K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0259% / S −0.0429% | 1h | 0.02488 | −0.072% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02484 | −0.241% | $1.3M | $338K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02490 | +0.004% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +1.606% | $110K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1022% | 1h | 0.02491 | +0.021% | $268K | $112K | 10x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD