Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.040%
Price spread now: Injective against Deribit+0.181%63s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.181% dearer against Deribit than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02491 | 0 | get 0.0000% / 1h | 41m 29s | $73K | $136K | 25x |
| Short | Injective MON/USDC PERP | 0.02496 | 0.0039 | get 0.0005% / 1h | 41m 29s | $5K | $111 | 5.5x |
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Deribit. 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
- $8.21
- Price spread: +0.181% → 0.000%
- $18.06
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $19.25
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Deribit: live order book, 47 min ago; Injective: 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 Deribit live order book, 47 min ago | 6.33 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0105% | 1h | 0.02492 | +0.004% | $110K | $153K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02492 | +0.012% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALlong | 0.0000% | 1h | 0.02491 | long leg | $73K | $136K | 25x | |
| Bybit MONUSDT | +0.0006% | 8h | 0.02486 | −0.221% | $20.4M | $13.5M | 50x | as long as short |
| Injective MON/USDC PERPshort | +0.0039% | 1h | 0.02496 | +0.181% | $5K | $111 | 5.5x | |
| 01 Exchange MONUSD | +0.0056% | 1h | 0.02487 | −0.169% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02490 | −0.060% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02492 | +0.020% | $836K | $732K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02489 | −0.100% | $7K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02491 | −0.017% | $405K | $584K | 10x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Bybit MONUSDT
01 Exchange MONUSD
Orderly PERP_MON_USDC
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 | 0.02491 | −0.040% | $33.4M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02493 | +0.076% | $100K | $218K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02493 | +0.070% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02491 | −0.020% | $138K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02488 | −0.123% | $23.7M | $27.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02488 | −0.140% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02490 | −0.060% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02491 | −0.020% | $919K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02493 | +0.060% | $2.9M | $762K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02490 | −0.060% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02490 | −0.078% | $740K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02490 | −0.079% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02495 | +0.140% | $562K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02492 | +0.020% | $68K | $527K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02490 | −0.060% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02490 | −0.048% | $47K | $286K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02490 | −0.060% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0240% | 1h | 0.02494 | +0.086% | $2K | $78K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0259% / S −0.0429% | 1h | 0.02488 | −0.132% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02487 | −0.181% | $1.3M | $335K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02490 | −0.056% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +1.545% | $110K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1021% | 1h | 0.02493 | +0.077% | $268K | $112K | 10x | as long as short |
Hyperliquid MON
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
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD