Funding you earn now, next payment 06:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.088%
Price spread now: Injective against KuCoin−0.639%55s7-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 −$2 a day on $10k at the current rate, and Injective is 0.639% cheaper against KuCoin than usual: you would sell low and buy high (−$64 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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 | KuCoin MONUSDTM | 0.02505 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $2.9M | $764K | 75x |
| Short | Injective MON/USDC PERP | 0.02489 | 0.0039 | get 0.0005% / 1h | 18m 28s | $5K | $113 | 5.5x |
KuCoin MONUSDTM
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$12.79
- Price spread: −0.639% → 0.000%
- −$63.87
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$88.68
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 12.02 bp | 38.6 bp −$39 | 916.1 bp −$9,161 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0115% | 1h | 0.02503 | −0.096% | $116K | $153K | 10x | as long as short |
| Bybit MONUSDT | −0.0015% | 8h | 0.02499 | −0.236% | $20.5M | $13.7M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02477 | −1.114% | $12K | $355K | 5x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02500 | −0.200% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0030% | 1h | 0.02501 | −0.140% | $74K | $135K | 25x | as long as short |
| Injective MON/USDC PERPshort | +0.0039% | 1h | 0.02489 | −0.639% | $5K | $113 | 5.5x | |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02502 | −0.120% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02500 | −0.200% | $817K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02500 | −0.194% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02502 | −0.112% | $33.6M | $7.6M | 5x | as long as short |
Backpack MON_USDC_PERP
Bybit MONUSDT
Phoenix MON
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02501 | −0.148% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02501 | −0.177% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02501 | −0.148% | $138K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02500 | −0.200% | $23.7M | $27.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02499 | −0.240% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02479 | −1.018% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02501 | −0.160% | $936K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTMlong | +0.0100% | 4h | 0.02505 | long leg | $2.9M | $764K | 75x | |
| Bitget MONUSDT | +0.0100% | 4h | 0.02501 | −0.160% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02488 | −0.696% | $733K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02489 | −0.655% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02477 | −1.119% | $550K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02476 | −1.158% | $67K | $529K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02503 | −0.064% | $410K | $571K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02501 | −0.160% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02504 | −0.041% | $47K | $283K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02504 | −0.056% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0116% | 1h | 0.02487 | −0.701% | $8K | $91K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02500 | −0.192% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02487 | −0.719% | $1.3M | $344K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02501 | −0.160% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +0.998% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1017% | 1h | 0.02503 | −0.069% | $269K | $119K | 10x | as long as short |
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
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD