Funding you earn now, next payment 00:00 UTC−0.0537%/8h= −58.8% APRnext payment −$0.67 per $10,000 · paid last 24h −0.200%
Price spread now: Injective against Kraken Futures−0.773%7-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
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 0.773% cheaper against Kraken Futures than usual: you would sell low and buy high (−$77 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02595 | 0.0416 | pay 0.0052% / 1h | 53m 17s | $273K | $78K | 10x |
| Short | Injective MON/USDC PERP | 0.02575 | −0.0121 | pay 0.0015% / 1h | 53m 17s | $6K | $106 | 5.5x |
Kraken Futures PF_MONUSD
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. 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
- −$112.75
- Price spread: −0.773% → 0.000%
- −$77.26
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$200.03
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 24 min ago; Injective: 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 Kraken Futures live order book, 24 min ago | 21.33 bp | 32.6 bp −$33 | 7808.6 bp −$78.1K | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 PERPshort | −0.0121% | 1h | 0.02575 | −0.773% | $6K | $106 | 5.5x | |
| 01 Exchange MONUSD | −0.0120% | 1h | 0.02583 | −0.453% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0070% | 8h | 0.02587 | −0.302% | $21.4M | $12.0M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02576 | −0.753% | $13K | $360K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02593 | −0.083% | $129K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02592 | −0.137% | $70K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0026% | 1h | 0.02576 | −0.729% | $2K | $74K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0066% | 4h | 0.02588 | −0.272% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0091% | 8h | 0.02581 | −0.556% | $8K | $42 | 5x | as long as short |
| Variational Omni MON | +0.0091% | 8h | 0.02575 | −0.767% | $777K | $408K | — | as long as short |
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Variational Omni MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MON | +0.0096% | 1h | 0.02591 | −0.156% | $861K | $778K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02588 | −0.262% | $396K | $547K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02591 | −0.168% | $35.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02586 | −0.366% | $109K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02583 | −0.476% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02583 | −0.464% | $142K | $105K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02589 | −0.219% | $24.7M | $25.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02589 | −0.233% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −1.543% | $107K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02587 | −0.310% | $996K | $868K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02592 | −0.117% | $2.8M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02585 | −0.376% | $129K | $141K | 10x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02584 | −0.441% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02587 | −0.310% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02578 | −0.657% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02589 | −0.233% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02593 | −0.065% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02590 | −0.195% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0232% | 4h | 0.02589 | −0.233% | $3.0M | $713K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02592 | −0.129% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02588 | −0.272% | $1.3M | $310K | 75x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0416% | 1h | 0.02595 | long leg | $273K | $78K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02594 | −0.040% | $114K | $50K | 50x | as long as short |
Lighter MON
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
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
Coinbase International MON-PERP-INTX