Funding you earn now, next payment 00:00 UTC+0.0221%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.150%
Price spread now: Backpack against Injective−0.668%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Backpack is 0.668% cheaper against Injective than usual: you would sell low and buy high (spread −0.668% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$67 on $10k: about 10 days of funding at the current rate (+$7 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MON/USDC PERP | 0.02576 | −0.0121 | get 0.0015% / 1h | 16m 11s | $6K | $107 | 5.5x |
| Short | Backpack MON_USDC_PERP | 0.02559 | 0.0100 | get 0.0013% / 1h | 16m 11s | $127K | $141K | 10x |
Injective MON/USDC PERP
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $46.31
- Price spread: −0.668% → 0.000%
- −$66.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$30.48
- Costs to cover
- 0.100%
- Break-even
- 11.6 days
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 62 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 62 min ago | 0.19 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 PERPlong | −0.0121% | 1h | 0.02576 | long leg | $6K | $107 | 5.5x | |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02559 | −0.648% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0032% | 8h | 0.02556 | −0.776% | $21.1M | $12.1M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02559 | −0.679% | $13K | $360K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02559 | −0.660% | $69K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02557 | −0.738% | $17K | $64K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0093% | 1h | 0.02562 | −0.541% | $3K | $75K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0096% | 8h | 0.02559 | −0.665% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02560 | −0.621% | $850K | $794K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02564 | −0.451% | $391K | $545K | 10x | as long as short |
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02560 | −0.602% | $34.6M | $7.7M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02560 | −0.606% | $106K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02562 | −0.550% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02562 | −0.555% | $141K | $105K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02557 | −0.738% | $24.4M | $25.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02556 | −0.776% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −0.815% | $107K | $390 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02558 | −0.699% | $976K | $912K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02559 | −0.660% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0100% | 1h | 0.02559 | −0.668% | $127K | $141K | 10x | |
| Variational Omni MON | +0.0100% | 8h | 0.02557 | −0.733% | $772K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02557 | −0.741% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02561 | −0.600% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02560 | −0.621% | $68K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02557 | −0.738% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02560 | −0.629% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02557 | −0.753% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0252% | 4h | 0.02565 | −0.427% | $3.0M | $718K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02559 | −0.652% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02557 | −0.738% | $1.3M | $306K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0422% | 1h | 0.02560 | −0.619% | $269K | $78K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02561 | −0.582% | $125K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02609 | +1.277% | $115K | $50K | 50x | as long as short |
Hyperliquid MON
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
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Perpl MON
Coinbase International MON-PERP-INTX