Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.012%
Price spread now: Orderly against Nado−0.143%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.143% cheaper against Nado than usual: you would sell low and buy high (−$14 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 | Nado MON-PERP | 0.02541 | 0.0100 | pay 0.0012% / 1h | 41m 53s | $409K | $539K | 10x |
| Short | Orderly PERP_MON_USDC | 0.02537 | 0.0076 | get 0.0038% / 4h | 1h 41m | $16K | $51K | 10x |
Nado MON-PERP
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Nado. 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
- −$5.01
- Price spread: −0.143% → 0.000%
- −$14.27
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$32.28
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 21 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 Nado live order book, 21 min ago | 1.77 bp | 9.9 bp −$10 | 1164.1 bp −$11.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02530 | −0.418% | $13K | $367K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02531 | −0.379% | $5K | $106 | 5.5x | as long as short |
| Backpack MON_USDC_PERP | −0.0246% | 1h | 0.02538 | −0.088% | $114K | $152K | 10x | as long as short |
| Bybit MONUSDT | −0.0133% | 8h | 0.02525 | −0.599% | $20.7M | $12.9M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0072% | 1h | 0.02539 | −0.076% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02538 | −0.103% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0076% | 4h | 0.02537 | −0.143% | $16K | $51K | 10x | |
| Lighter MON | +0.0096% | 1h | 0.02540 | −0.025% | $846K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02538 | −0.114% | $8K | $42 | 5x | as long as short |
| Nado MON-PERPlong | +0.0100% | 1h | 0.02541 | long leg | $409K | $539K | 10x |
Phoenix MON
Injective MON/USDC PERP
Backpack MON_USDC_PERP
Bybit MONUSDT
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02540 | −0.040% | $34.4M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02538 | −0.116% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02538 | −0.113% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02539 | −0.056% | $141K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02529 | −0.458% | $24.1M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02525 | −0.615% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | −0.418% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02530 | −0.418% | $946K | $916K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02535 | −0.221% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02530 | −0.418% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02523 | −0.691% | $749K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02534 | −0.266% | $43K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02529 | −0.464% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02538 | −0.103% | $68K | $500K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02537 | −0.143% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02534 | −0.254% | $50K | $521K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02537 | −0.155% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02538 | −0.099% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0279% | 1h | 0.02534 | −0.259% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02530 | −0.418% | $1.3M | $307K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02539 | −0.064% | $107K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0490% | 1h | 0.02540 | −0.019% | $271K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02542 | +0.046% | $111K | $52K | 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
KuCoin MONUSDTM
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]
Aftermath Perps MONUSD
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX