Funding you earn now, next payment 00:12 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.011%
Price spread now: Perpl against GRVT+0.148%54s7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.148%, 7d avg −0.011%
=Together, before fees+0.097%+ Points / potential airdropGRVT: Active · Perpl: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.159% dearer against GRVT than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 54 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 0.196% in total (about 10.2% 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 | GRVT MON_USDT_Perp | 0.02568 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $582K | $1.5M | 10x |
| Short | Perpl MON | 0.02572 | 0.0447 | get 0.0040% / 43m | 22m 31s | $123K | $1.8M | 10x |
GRVT MON_USDT_Perp
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against GRVT. 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: +0.148% → −0.011%
- $15.88
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $65.84
- Costs to cover
- 0.228%
- Break-even
- 0.7 days
Slippage unknown: GRVT: live order book, 5 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 GRVT live order book, 5 min ago | 3.91 bp | 23.8 bp −$24 | 76.4 bp −$764 | 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 | −0.0444% | 1h | 0.02556 | −0.467% | $6K | $105 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02555 | −0.526% | $13K | $351K | 5x | as long as short |
| Backpack MON_USDC_PERP | +0.0016% | 1h | 0.02576 | +0.292% | $128K | $141K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0064% | 1h | 0.02594 | +1.005% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02571 | +0.117% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02591 | +0.896% | $861K | $751K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02589 | +0.813% | $8K | $42 | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0100% | 1h | 0.02573 | +0.210% | $69K | $119K | 25x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02595 | +1.040% | $396K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02590 | +0.872% | $35.2M | $7.7M | 5x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Backpack MON_USDC_PERP
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Deribit MON_USDC-PERPETUAL
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 | 0.02587 | +0.730% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02590 | +0.841% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02588 | +0.794% | $143K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02590 | +0.857% | $24.8M | $25.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02589 | +0.802% | $21.4M | $12.2M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02587 | +0.740% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02550 | −0.701% | $105K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02589 | +0.818% | $989K | $897K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02590 | +0.857% | $2.8M | $1.9M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02558 | −0.405% | $771K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02565 | −0.121% | $44K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perplong | +0.0100% | 4h | 0.02568 | long leg | $582K | $1.5M | 10x | |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02568 | 0.000% | $68K | $483K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02573 | +0.195% | $5K | $6K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0100% | 1h | 0.02560 | −0.310% | $3K | $75K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02594 | +1.007% | $49K | $464K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02573 | +0.179% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0194% | 4h | 0.02594 | +1.012% | $3.0M | $721K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02573 | +0.175% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02553 | −0.584% | $1.3M | $306K | 75x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02572 | +0.148% | $123K | $1.8M | 10x | |
| Kraken Futures PF_MONUSD | +0.0464% | 1h | 0.02577 | +0.352% | $271K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02568 | −0.008% | $113K | $49K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
ApeX Omni MONUSDT
SoDEX MON-USD
Aftermath Perps MONUSD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX