Funding you earn now, next payment 04:31 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.020%
Price spread now: Aster against Perpl−0.149%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)−0.148%−$15 on $10k
+Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.149%, 7d avg −0.020%
=Together, before fees+0.111%+ Points / potential airdropPerpl: Active · Aster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.129% cheaper against Perpl than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.148% in total (about -9.8% 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 | Perpl MON | 0.02502 | 0.0447 | pay 0.0040% / 43m | 6m 00s | $113K | $2.2M | 10x |
| Short | Aster MONUSDT | 0.02499 | 0.0100 | get 0.0050% / 4h | 3h 09m | $100K | $222K | 10x |
Perpl MON
Aster MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Perpl. 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: −0.149% → −0.020%
- −$12.89
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$107.46
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Aster: live order book, 43 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 43 min ago | 15.82 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0203% | 1h | 0.02515 | +0.500% | $5K | $114 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02513 | +0.412% | $12K | $358K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02498 | −0.168% | $73K | $136K | 25x | as long as short |
| Bybit MONUSDT | +0.0005% | 8h | 0.02496 | −0.260% | $20.5M | $13.5M | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0023% | 1h | 0.02499 | −0.120% | $110K | $152K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0078% | 4h | 0.02499 | −0.140% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02499 | −0.140% | $838K | $733K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02501 | −0.063% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02503 | +0.018% | $404K | $586K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02500 | −0.088% | $33.7M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Backpack MON_USDC_PERP
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDTshort | +0.0100% | 4h | 0.02499 | −0.149% | $100K | $222K | 10x | |
| dYdX MON-USD | +0.0100% | 1h | 0.02503 | +0.006% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02502 | −0.020% | $138K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02498 | −0.180% | $23.8M | $27.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02497 | −0.220% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02510 | +0.304% | $103K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02499 | −0.140% | $932K | $990K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02502 | −0.020% | $2.9M | $765K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02499 | −0.140% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02506 | +0.121% | $743K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02515 | +0.513% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02517 | +0.570% | $567K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02517 | +0.579% | $68K | $521K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02496 | −0.260% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02499 | −0.145% | $50K | $299K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02498 | −0.192% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0208% | 1h | 0.02500 | −0.112% | $6K | $1K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02498 | −0.200% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0327% | 1h | 0.02511 | +0.332% | $2K | $78K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02500 | −0.100% | $1.3M | $338K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0368% | 1h | 0.02530 | +1.099% | $110K | $57K | 50x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02502 | long leg | $113K | $2.2M | 10x | |
| Kraken Futures PF_MONUSD | +0.0729% | 1h | 0.02500 | −0.094% | $269K | $113K | 10x | as long as short |
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
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD