Funding you earn now, next payment 20:36 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.028%
Price spread now: Perpl against edgeX−0.233%66s7-day average +0.077% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 3 days (all we have)+0.313%+$31 · spread now −0.233%, 7d avg +0.077%
=Together, before fees+0.496%+ Points / potential airdropedgeX: Active · Perpl: Active · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Perpl is 0.309% cheaper against edgeX than usual: you would sell low and buy high (spread −0.233% now, against its 7-day average of +0.077%). If the spread goes back, that is −$31 on $10k: about 3.0 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.183% in total) that is about 12 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.5% 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 | edgeX MONUSDC | 0.02604 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $48K | $243K | 10x |
| Short | Perpl MON | 0.02598 | 0.0447 | get 0.0040% / 43m | 1m 44s | $146K | $1.8M | 10x |
edgeX MONUSDC
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against edgeX. 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
- $72.77
- Price spread: −0.233% → +0.077%
- −$30.93
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $19.03
- Costs to cover
- 0.228%
- Break-even
- 5.2 days
Slippage unknown: edgeX: live order book, 29 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 edgeX live order book, 29 min ago | 11.63 bp | 23.5 bp −$23 | 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 | −0.889% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0200% | 1h | 0.02596 | −0.329% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0003% | 8h | 0.02588 | −0.601% | $21.7M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02602 | −0.094% | $14K | $371K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02596 | −0.309% | $64K | $103K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0093% | 4h | 0.02595 | −0.352% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02593 | −0.429% | $849K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02590 | −0.562% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02598 | −0.246% | $346K | $536K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02594 | −0.371% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
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 | 0.02596 | −0.317% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02597 | −0.292% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02593 | −0.429% | $143K | $108K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02591 | −0.505% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02588 | −0.621% | $4.4M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02610 | +0.224% | $110K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02593 | −0.429% | $1.0M | $923K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02595 | −0.352% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02602 | −0.101% | $779K | $403K | — | as long as short |
| edgeX MONUSDClong | +0.0100% | 4h | 0.02604 | long leg | $48K | $243K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02605 | +0.032% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02604 | −0.006% | $69K | $485K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02593 | −0.429% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02594 | −0.388% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02595 | −0.367% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02596 | −0.309% | $260K | $60K | 10x | as long as short |
| BloFin MON-USDT | +0.0146% | 4h | 0.02598 | −0.237% | $1.4M | $247K | 75x | as long as short |
| Backpack MON_USDC_PERP | +0.0188% | 1h | 0.02592 | −0.452% | $136K | $136K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0314% / S −0.1052% | 1h | 0.02596 | −0.302% | $14K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0382% | 4h | 0.02599 | −0.198% | $3.1M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0425% | 1h | 0.02602 | −0.101% | $2K | $73K | 10x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02598 | −0.233% | $146K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +0.812% | $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
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
BloFin MON-USDT
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX