Funding you earn now, next payment 03:00 UTC−0.0308%/8h= −33.7% APRnext payment −$0.38 per $10,000 · paid last 24h −0.127%
Price spread now: Hyperliquid against Coinbase International−0.691%7-day average −0.403% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$740.742% of the position
Funding, last 7 days−0.773%−$77 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.691%, 7d avg −0.403%
=Together, before fees−0.703%+ Points / potential airdropHyperliquid: Season 2 · farm board−$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hyperliquid is 0.288% cheaper against Coinbase International than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.403%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MON-PERP-INTX | 0.02534 | 0.0408 | pay 0.0051% / 1h | 57m 10s | $112K | $56K | 50x |
| Short | Hyperliquid MON | 0.02516 | 0.0100 | get 0.0013% / 1h | 57m 10s | $34.0M | $7.5M | 5x |
Coinbase International MON-PERP-INTX
Hyperliquid MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- −$64.68
- Price spread: −0.691% → −0.403%
- −$28.78
- Slippage, 4 orders
- −$55.25
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$167.71
- Costs to cover
- 0.742%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Hyperliquid: live order book, 6 min ago.
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 Coinbase International live order book, 1 min ago | 19.71 bp | 24.7 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.39 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.02518 | −0.627% | $12K | $355K | 5x | as long as short |
| 01 Exchange MONUSD | −0.0192% | 1h | 0.02508 | −1.006% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02528 | −0.237% | $5K | $108 | 5.5x | as long as short |
| Backpack MON_USDC_PERP | −0.0149% | 1h | 0.02516 | −0.718% | $111K | $152K | 10x | as long as short |
| Bybit MONUSDT | −0.0138% | 8h | 0.02515 | −0.750% | $20.7M | $13.2M | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0108% | 1h | 0.02516 | −0.714% | $68K | $126K | 25x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02512 | −0.872% | $108K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0082% | 4h | 0.02515 | −0.750% | $16K | $41K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02516 | −0.710% | $838K | $735K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02508 | −1.025% | $8K | $42 | 5x | as long as short |
Phoenix MON
01 Exchange MONUSD
Injective MON/USDC PERP
Backpack MON_USDC_PERP
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
Perpl MON
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 | 0.02515 | −0.734% | $411K | $543K | 10x | as long as short |
| Hyperliquid MONshort | +0.0100% | 1h | 0.02516 | −0.691% | $34.0M | $7.5M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02514 | −0.775% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02514 | −0.786% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02510 | −0.939% | $139K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02516 | −0.710% | $23.9M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02516 | −0.710% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02515 | −0.750% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02513 | −0.829% | $951K | $968K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02517 | −0.671% | $2.8M | $746K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02519 | −0.592% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02515 | −0.731% | $747K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02517 | −0.671% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02524 | −0.401% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02518 | −0.631% | $67K | $504K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02514 | −0.789% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02516 | −0.698% | $52K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02515 | −0.750% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0254% | 1h | 0.02520 | −0.554% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02515 | −0.738% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02510 | −0.947% | $1.3M | $325K | 75x | as long as short |
| Coinbase International MON-PERP-INTXlong | +0.0408% | 1h | 0.02534 | long leg | $112K | $56K | 50x | |
| Kraken Futures PF_MONUSD | +0.0541% | 1h | 0.02519 | −0.603% | $268K | $113K | 10x | as long as short |
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
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
Kraken Futures PF_MONUSD