Funding you earn now, next payment 00:00 UTC+0.0241%/8h= +26.4% APRnext payment +$1.20 per $10,000 · paid last 24h +0.057%
Price spread now: KuCoin against Orderly+0.193%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+0.022%+$2 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 +$7 a day on $10k at the current rate, and KuCoin is 0.193% dearer against Orderly than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. 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 | Orderly PERP_MON_USDC | 0.02589 | 0.0091 | pay 0.0046% / 4h | 2h 29m | $17K | $64K | 10x |
| Short | KuCoin MONUSDTM | 0.02594 | 0.0332 | get 0.0166% / 4h | 2h 29m | $3.2M | $745K | 75x |
Orderly PERP_MON_USDC
KuCoin MONUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $50.6
- Price spread: +0.193% → 0.000%
- $19.31
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $51.91
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 13.43 bp | 34.7 bp −$35 | 437.7 bp −$4,377 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02596 | +0.270% | $6K | $109 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0290% | 1h | 0.02591 | +0.085% | $63K | $110K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0256% | 1h | 0.02588 | −0.035% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0009% | 8h | 0.02587 | −0.077% | $21.6M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02591 | +0.093% | $13K | $384K | 5x | as long as short |
| Orderly PERP_MON_USDClong | +0.0091% | 4h | 0.02589 | long leg | $17K | $64K | 10x | |
| BloFin MON-USDT | +0.0093% | 4h | 0.02599 | +0.386% | $1.4M | $246K | 75x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02590 | +0.022% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02592 | +0.116% | $849K | $753K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02593 | +0.174% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
BloFin MON-USDT
Paradex MON-USD-PERP
Lighter MON
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02591 | +0.059% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02595 | +0.220% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02591 | +0.077% | $143K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02590 | +0.039% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02586 | −0.116% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02600 | +0.425% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02591 | +0.077% | $1.0M | $933K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02592 | +0.116% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02593 | +0.169% | $778K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02595 | +0.236% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02593 | +0.154% | $582K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02594 | +0.193% | $69K | $481K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02594 | +0.179% | $375K | $527K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02590 | +0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02593 | +0.139% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02590 | +0.019% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02595 | +0.230% | $267K | $67K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0220% | 1h | 0.02594 | +0.192% | $2K | $73K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.0226% | 1h | 0.02591 | +0.093% | $137K | $137K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02592 | +0.112% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTMshort | +0.0332% | 4h | 0.02594 | +0.193% | $3.2M | $745K | 75x | |
| Perpl MON | +0.0447% | 43m | 0.02591 | +0.062% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02609 | +0.769% | $115K | $49K | 50x | 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
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
Perpl MON
Coinbase International MON-PERP-INTX