Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.199%
Price spread now: Orderly against Kraken Futures−0.043%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.548%−$55 on $10k
+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 −$3 a day on $10k at the current rate, and Orderly is 0.043% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 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 | 0.02580 | 0.0174 | pay 0.0022% / 1h | 35m 43s | $266K | $70K | 10x |
| Short | Orderly PERP_MON_USDC | 0.02579 | 0.0070 | get 0.0035% / 4h | 1h 35m | $17K | $64K | 10x |
Kraken Futures PF_MONUSD
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$21.8
- Price spread: −0.043% → 0.000%
- −$4.27
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$42.06
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 47 min ago; Orderly: 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, 47 min ago | 28.77 bp | 37.7 bp −$38 | 8171.5 bp −$81.7K | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0053% | 1h | 0.02582 | +0.074% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0048% | 8h | 0.02577 | −0.120% | $21.5M | $11.7M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0024% | 1h | 0.02581 | +0.015% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0021% | 1h | 0.02581 | +0.046% | $70K | $119K | 25x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02584 | +0.151% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02581 | +0.027% | $143K | $1.8M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0023% | 1h | 0.02588 | +0.304% | $2K | $73K | 10x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0070% | 4h | 0.02579 | −0.043% | $17K | $64K | 10x | |
| Paradex MON-USD-PERP | +0.0078% | 8h | 0.02578 | −0.076% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02581 | +0.035% | $855K | $773K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Phoenix MON
Perpl MON
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02585 | +0.206% | $388K | $537K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02583 | +0.112% | $34.9M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02583 | +0.113% | $108K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02587 | +0.260% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02580 | −0.004% | $142K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02579 | −0.043% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02577 | −0.120% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02585 | +0.206% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02580 | −0.004% | $1.0M | $864K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02582 | +0.074% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02587 | +0.275% | $780K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02589 | +0.353% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02592 | +0.460% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02590 | +0.384% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02579 | −0.043% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02581 | +0.029% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02579 | −0.043% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0174% | 1h | 0.02580 | long leg | $266K | $70K | 10x | |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02582 | +0.054% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0335% | 1h | 0.02579 | −0.050% | $138K | $136K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02585 | +0.190% | $1.3M | $294K | 75x | as long as short |
| KuCoin MONUSDTM | +0.0344% | 4h | 0.02585 | +0.190% | $3.2M | $725K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +1.031% | $114K | $49K | 50x | as long as short |
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
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
BloFin MON-USDT
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX