Funding you earn now, next payment 20:36 UTC+0.0447%/8h= +48.9% APRpaid last 24h −0.061%
Price spread now: Perpl against Deribit+0.077%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Perpl is 0.077% dearer against Deribit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.151% in total (about 8.4% 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 | Deribit MON_USDC-PERPETUAL | 0.02596 | 0 | get 0.0000% / 1h | 58m 19s | $64K | $103K | 25x |
| Short | Perpl MON | 0.02598 | 0.0447 | get 0.0040% / 43m | 2m 19s | $146K | $1.8M | 10x |
Deribit MON_USDC-PERPETUAL
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $93.77
- Price spread: +0.077% → 0.000%
- $7.7
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $80.67
- Costs to cover
- 0.208%
- Break-even
- 1.0 days
Slippage unknown: Deribit: live order book, 6 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 Deribit live order book, 6 min ago | 8.25 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | 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 | 0.02581 | −0.582% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0200% | 1h | 0.02596 | −0.019% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | 0.0000% | 8h | 0.02592 | −0.150% | $21.7M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02602 | +0.216% | $14K | $371K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALlong | 0.0000% | 1h | 0.02596 | long leg | $64K | $103K | 25x | |
| Orderly PERP_MON_USDC | +0.0093% | 4h | 0.02595 | −0.042% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02594 | −0.081% | $850K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02596 | 0.000% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02598 | +0.064% | $346K | $536K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02598 | +0.069% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
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 | 0.02599 | +0.124% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02600 | +0.137% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02599 | +0.112% | $144K | $108K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02592 | −0.160% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02591 | −0.196% | $4.4M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02610 | +0.535% | $110K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02598 | +0.073% | $1.0M | $923K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02596 | −0.004% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02602 | +0.210% | $779K | $403K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02604 | +0.310% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02605 | +0.343% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02604 | +0.304% | $69K | $485K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02593 | −0.119% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02596 | +0.014% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02595 | −0.058% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02596 | 0.000% | $260K | $60K | 10x | as long as short |
| BloFin MON-USDT | +0.0146% | 4h | 0.02598 | +0.073% | $1.4M | $247K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0314% / S −0.1052% | 1h | 0.02596 | +0.008% | $14K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0330% | 1h | 0.02599 | +0.100% | $137K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0386% | 4h | 0.02601 | +0.189% | $3.2M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0425% | 1h | 0.02602 | +0.209% | $2K | $73K | 10x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02598 | +0.077% | $146K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +1.125% | $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
BloFin MON-USDT
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX