Funding you earn now, next payment 03:05 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%
Price spread now: Perpl against Bulk+0.183%7-day average +0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.075%+$8 on $10k
+Price spread, last 4 days (all we have)+0.935%+$93 · spread now +0.183%, 7d avg +0.061%
=Together, before fees+1.010%+ Points / potential airdropPerpl: Active · farm board+$101 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.122% dearer against Bulk than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.061%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days. Mind the row above: over the last 4 days funding on this pair paid +0.075%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MON-USD | 0.02515 | 0.0100 | pay 0.0013% / 1h | 54m 17s | $103K | $5K | 10x |
| Short | Perpl MON | 0.02519 | 0 | get 0.0000% / 43m | 25m 17s | $108K | $2.3M | 10x |
Bulk MON-USD
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$21
- Price spread: +0.183% → +0.061%
- $12.19
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$29.61
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 4 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 Bulk live order book, 4 min ago | 19.80 bp | 23.3 bp −$23 | 32.8 bp −$328 | 180.9 bp −$18.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02517 | +0.092% | $12K | $359K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0297% | 1h | 0.02519 | +0.191% | $111K | $151K | 10x | as long as short |
| 01 Exchange MONUSD | −0.0208% | 1h | 0.02517 | +0.112% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02517 | +0.092% | $5K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0136% | 8h | 0.02516 | +0.052% | $20.7M | $13.2M | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0028% | 1h | 0.02517 | +0.112% | $68K | $126K | 25x | as long as short |
| Perpl MONshort | 0.0000% | 43m | 0.02519 | +0.183% | $108K | $2.3M | 10x | |
| Orderly PERP_MON_USDC | +0.0082% | 4h | 0.02518 | +0.132% | $16K | $41K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02519 | +0.171% | $839K | $735K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02518 | +0.118% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
01 Exchange MONUSD
Injective MON/USDC PERP
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02522 | +0.279% | $411K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02521 | +0.247% | $34.1M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02521 | +0.252% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02521 | +0.233% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02521 | +0.251% | $140K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02517 | +0.105% | $23.9M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02516 | +0.052% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02515 | long leg | $103K | $5K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02520 | +0.211% | $953K | $968K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02521 | +0.251% | $2.8M | $746K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02520 | +0.211% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02521 | +0.254% | $748K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02511 | −0.133% | $41K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02519 | +0.152% | $563K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02517 | +0.092% | $68K | $505K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02517 | +0.092% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02520 | +0.214% | $52K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02517 | +0.100% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0257% | 1h | 0.02520 | +0.225% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02519 | +0.156% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02518 | +0.132% | $1.3M | $326K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02534 | +0.768% | $112K | $56K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0541% | 1h | 0.02520 | +0.204% | $268K | $113K | 10x | as long as short |
Nado MON-PERP
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
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD