Funding you earn now, next payment 23:00 UTC+0.0108%/8h= +11.9% APRpaid last 24h +0.199%
Price spread now: Kraken Futures against Orderly+0.170%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+0.548%+$55 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.170% dearer against Orderly than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MON_USDC | 0.02563 | 0.0066 | pay 0.0033% / 4h | 1h 10m | $17K | $64K | 10x |
| Short | Kraken Futures PF_MONUSD | 0.02567 | 0.0174 | get 0.0022% / 1h | 10m 12s | $270K | $78K | 10x |
Orderly PERP_MON_USDC
Kraken Futures PF_MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $22.74
- Price spread: +0.170% → 0.000%
- $17.03
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $23.77
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 7 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 7 min ago | 21.33 bp | 32.7 bp −$33 | 571.4 bp −$5,714 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | −0.0064% | 8h | 0.02562 | −0.035% | $21.2M | $11.8M | 50x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02575 | +0.468% | $6K | $109 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02568 | +0.207% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02565 | +0.070% | $142K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02566 | +0.098% | $69K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0021% | 1h | 0.02572 | +0.361% | $2K | $73K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0032% | 1h | 0.02571 | +0.320% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDClong | +0.0066% | 4h | 0.02563 | long leg | $17K | $64K | 10x | |
| Paradex MON-USD-PERP | +0.0087% | 8h | 0.02567 | +0.158% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02567 | +0.156% | $850K | $773K | 10x | as long as short |
Bybit MONUSDT
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
01 Exchange 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 | 0.02568 | +0.189% | $386K | $540K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02567 | +0.168% | $34.7M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02567 | +0.149% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02569 | +0.247% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02569 | +0.254% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02565 | +0.063% | $24.4M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02563 | 0.000% | $4.3M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02569 | +0.217% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02565 | +0.078% | $994K | $873K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02566 | +0.117% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02568 | +0.207% | $127K | $138K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02564 | +0.026% | $777K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02569 | +0.216% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02570 | +0.273% | $577K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02567 | +0.156% | $68K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02564 | +0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02567 | +0.172% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02565 | +0.070% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.0174% | 1h | 0.02567 | +0.170% | $270K | $78K | 10x | |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02565 | +0.086% | $8K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0306% | 4h | 0.02566 | +0.117% | $3.2M | $667K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02570 | +0.273% | $1.3M | $292K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +1.705% | $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
Backpack MON_USDC_PERP
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]
KuCoin MONUSDTM
BloFin MON-USDT
Coinbase International MON-PERP-INTX