Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against OKX+0.194%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Orderly is 0.194% dearer against OKX than usual: you sell high and buy low (spread +0.194% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.014% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MON-USDT-SWAP | 0.02579 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $4.4M | $5.9M | 50x |
| Short | Orderly PERP_MON_USDC | 0.02584 | 0.0075 | get 0.0038% / 4h | 1h 53m | $17K | $64K | 10x |
OKX MON-USDT-SWAP
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against OKX. 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
- −$5.17
- Price spread: +0.194% → 0.000%
- $19.39
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$1.78
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago | 3.88 bp | 20.6 bp −$21 | 88.8 bp −$888 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0272% | 1h | 0.02592 | +0.489% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0060% | 1h | 0.02583 | +0.136% | $70K | $119K | 25x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02582 | +0.116% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0028% | 8h | 0.02582 | +0.132% | $21.5M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02596 | +0.648% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02585 | +0.244% | $145K | $1.8M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0030% | 1h | 0.02590 | +0.425% | $2K | $74K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0067% | 8h | 0.02592 | +0.495% | $8K | $42 | 5x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0075% | 4h | 0.02584 | +0.194% | $17K | $64K | 10x | |
| Lighter MON | +0.0096% | 1h | 0.02593 | +0.543% | $848K | $760K | 10x | as long as short |
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
Bybit MONUSDT
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 | 0.02592 | +0.515% | $389K | $537K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02589 | +0.384% | $35.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02593 | +0.537% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02595 | +0.621% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02594 | +0.582% | $143K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02585 | +0.232% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAPlong | +0.0100% | 4h | 0.02579 | long leg | $4.4M | $5.9M | 50x | |
| Bulk MON-USD | +0.0100% | 1h | 0.02580 | +0.037% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02587 | +0.310% | $1.0M | $862K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02584 | +0.194% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02588 | +0.360% | $779K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02595 | +0.630% | $48K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02596 | +0.671% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02596 | +0.659% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02581 | +0.078% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02588 | +0.340% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02581 | +0.078% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0173% | 1h | 0.02585 | +0.241% | $266K | $67K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02585 | +0.217% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0264% | 4h | 0.02595 | +0.620% | $1.4M | $295K | 75x | as long as short |
| KuCoin MONUSDTM | +0.0338% | 4h | 0.02589 | +0.388% | $3.2M | $747K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +1.074% | $114K | $50K | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0545% | 1h | 0.02594 | +0.593% | $138K | $137K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
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
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX
Backpack MON_USDC_PERP