Funding you earn now, next payment 02:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.112%
Price spread now: edgeX against Hyperliquid+0.535%7-day average −0.155% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 3 days (all we have)−0.555%−$56 · spread now +0.535%, 7d avg −0.155%
=Together, before fees−0.722%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$72 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.690% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.535% now, against its 7-day average of −0.155%): +$69 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8.2 days. At the pace of the last 7 days (−0.167% in total) that is about 29 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.167% in total (about -8.7% 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 | Hyperliquid MON | 0.02548 | 0.0381 | pay 0.0048% / 1h | 57m 08s | $34.7M | $7.5M | 5x |
| Short | edgeX MONUSDC | 0.02561 | 0.0100 | get 0.0050% / 4h | 2h 57m | $44K | $247K | 10x |
Hyperliquid MON
edgeX MONUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Hyperliquid. 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
- −$59.07
- Price spread: +0.535% → −0.155%
- $68.97
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$8.11
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 6 min ago; edgeX: live order book, 10 min ago. 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 Hyperliquid live order book, 6 min ago | 0.19 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 10 min ago | 7.72 bp | 20.0 bp −$20 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0388% | 1h | 0.02570 | +0.875% | $6K | $105 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0025% | 1h | 0.02548 | −0.004% | $69K | $119K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0024% | 1h | 0.02548 | +0.027% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02549 | +0.059% | $13K | $349K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0060% | 4h | 0.02545 | −0.106% | $17K | $55K | 10x | as long as short |
| Bybit MONUSDT | +0.0075% | 8h | 0.02541 | −0.279% | $21.2M | $12.3M | 50x | as long as short |
| Paradex MON-USD-PERP | +0.0094% | 8h | 0.02549 | +0.035% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02550 | +0.090% | $849K | $739K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02557 | +0.365% | $402K | $535K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02550 | +0.095% | $106K | $227K | 10x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Phoenix MON
Orderly PERP_MON_USDC
Bybit MONUSDT
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERP
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02548 | +0.013% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02549 | +0.051% | $141K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02546 | −0.061% | $24.4M | $25.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02541 | −0.263% | $4.3M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02545 | −0.089% | $106K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02544 | −0.145% | $955K | $883K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02546 | −0.067% | $2.9M | $729K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02545 | −0.106% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02546 | −0.059% | $120K | $160K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02562 | +0.544% | $771K | $410K | — | as long as short |
| edgeX MONUSDCshort | +0.0100% | 4h | 0.02561 | +0.535% | $44K | $247K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02564 | +0.626% | $576K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02564 | +0.640% | $68K | $488K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02546 | −0.067% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02552 | +0.168% | $49K | $520K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02543 | −0.169% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02548 | +0.020% | $8K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0316% | 1h | 0.02567 | +0.763% | $4K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02548 | +0.012% | $1.4M | $313K | 75x | as long as short |
| Hyperliquid MONlong | +0.0381% | 1h | 0.02548 | long leg | $34.7M | $7.5M | 5x | |
| Perpl MON | +0.0447% | 43m | 0.02554 | +0.243% | $115K | $2.1M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02608 | +2.375% | $114K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0839% | 1h | 0.02550 | +0.097% | $278K | $88K | 10x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD