Funding you earn now, next payment 20:36 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.029%
Price spread now: Perpl against Nado−0.036%7-day average −0.109% · 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)+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.036%, 7d avg −0.109%
=Together, before fees+0.085%+ Points / potential airdropNado: Active · Perpl: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.073% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.109%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.051% in total (about 6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MON-PERP | 0.02581 | 0.0100 | pay 0.0012% / 1h | 48m 46s | $348K | $536K | 10x |
| Short | Perpl MON | 0.02580 | 0.0447 | get 0.0040% / 43m | 35m 46s | $145K | $1.8M | 10x |
Nado MON-PERP
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $72.77
- Price spread: −0.036% → −0.109%
- $7.27
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $59.23
- Costs to cover
- 0.208%
- Break-even
- 1.3 days
Slippage unknown: Nado: live order book, 39 min ago; Perpl: 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, 39 min ago | 1.75 bp | 9.6 bp −$10 | 1148.4 bp −$11.5K | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | −0.0739% | 1h | 0.02587 | +0.239% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0120% | 1h | 0.02579 | −0.082% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0060% | 1h | 0.02580 | −0.028% | $62K | $110K | 25x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02579 | −0.051% | $13K | $384K | 5x | as long as short |
| Bybit MONUSDT | +0.0007% | 8h | 0.02581 | +0.007% | $21.6M | $11.8M | 50x | as long as short |
| BloFin MON-USDT | +0.0066% | 4h | 0.02579 | −0.071% | $1.4M | $242K | 75x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02578 | −0.110% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02583 | +0.084% | $846K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02578 | −0.105% | $8K | $42 | 5x | as long as short |
| Nado MON-PERPlong | +0.0100% | 1h | 0.02581 | long leg | $348K | $536K | 10x |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Phoenix MON
Bybit MONUSDT
BloFin MON-USDT
Orderly PERP_MON_USDC
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 | 0.02584 | +0.138% | $34.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02580 | −0.023% | $107K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02582 | +0.046% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02583 | +0.080% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02581 | +0.007% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02580 | −0.032% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02575 | −0.226% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02580 | −0.032% | $1.0M | $926K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02582 | +0.045% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02573 | −0.322% | $773K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02576 | −0.202% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02577 | −0.129% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02578 | −0.110% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02578 | −0.110% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02581 | −0.005% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02577 | −0.148% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02581 | +0.015% | $262K | $63K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.0228% | 1h | 0.02579 | −0.051% | $137K | $138K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0313% / S −0.1052% | 1h | 0.02580 | −0.032% | $13K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0352% | 4h | 0.02584 | +0.123% | $3.1M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0410% | 1h | 0.02583 | +0.103% | $2K | $73K | 10x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02580 | −0.036% | $145K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +1.723% | $115K | $51K | 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
Kraken Futures PF_MONUSD
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX