Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.089%
Price spread now: Extended against Hyperliquid−0.146%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$820.824% of the position
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.146%, 7d avg −0.012%
=Together, before fees+0.023%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.134% cheaper against Hyperliquid than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MON | 0.02520 | 0.0100 | pay 0.0013% / 1h | 57m 00s | $34.1M | $7.5M | 5x |
| Short | Extended MON-USD | 0.02516 | 0.0104 | get 0.0013% / 1h | 57m 00s | $52K | $517K | 10x |
Hyperliquid MON
Extended MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.146% → −0.012%
- −$13.41
- Slippage, 4 orders
- −$68.41
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$94.99
- Costs to cover
- 0.824%
- Break-even
- 798.5 days
Slippage from Hyperliquid: live order book, 6 min ago; Extended: live order book, 1 min ago.
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 | 1.39 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 5.98 bp | 29.0 bp −$29 | 229.2 bp −$2,292 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0369% | 1h | 0.02519 | −0.020% | $111K | $151K | 10x | as long as short |
| Phoenix MON | −0.0316% | 1h | 0.02518 | −0.075% | $12K | $355K | 5x | as long as short |
| 01 Exchange MONUSD | −0.0192% | 1h | 0.02508 | −0.456% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02528 | +0.317% | $5K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0138% | 8h | 0.02517 | −0.119% | $20.7M | $13.2M | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0108% | 1h | 0.02516 | −0.163% | $68K | $126K | 25x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02512 | −0.321% | $108K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0082% | 4h | 0.02515 | −0.198% | $16K | $41K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02516 | −0.159% | $838K | $735K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02508 | −0.475% | $8K | $42 | 5x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
01 Exchange MONUSD
Injective MON/USDC PERP
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
Perpl MON
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02515 | −0.183% | $411K | $543K | 10x | as long as short |
| Hyperliquid MONlong | +0.0100% | 1h | 0.02520 | long leg | $34.1M | $7.5M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02516 | −0.153% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02514 | −0.235% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02510 | −0.389% | $139K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02517 | −0.119% | $23.9M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02518 | −0.079% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02515 | −0.198% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02516 | −0.159% | $952K | $968K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02517 | −0.119% | $2.8M | $746K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02519 | −0.040% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02515 | −0.179% | $747K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02517 | −0.119% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02524 | +0.152% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02518 | −0.079% | $67K | $504K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02514 | −0.238% | $5K | $6K | 5x | as long as short |
| Extended MON-USDshort | +0.0104% | 1h | 0.02516 | −0.146% | $52K | $517K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02515 | −0.198% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0254% | 1h | 0.02520 | −0.002% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02515 | −0.187% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02510 | −0.397% | $1.3M | $325K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02534 | +0.556% | $112K | $56K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0541% | 1h | 0.02519 | −0.050% | $268K | $113K | 10x | as long as short |
Nado MON-PERP
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
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD