Funding you earn now, next payment 21:20 UTC−0.0304%/8h= −33.3% APRpaid last 24h +0.037%
Price spread now: BloFin against Perpl−0.290%48s7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)+0.591%+$59 · spread now −0.290%, 7d avg −0.001%
=Together, before fees+0.586%+ Points / potential airdropPerpl: Active · farm board+$59 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.289% cheaper against Perpl than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% 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 | 0.02590 | 0.0447 | pay 0.0040% / 43m | 24m 44s | $145K | $1.8M | 10x |
| Short | BloFin MON-USDT | 0.02582 | 0.0142 | get 0.0071% / 4h | 2h 37m | $1.4M | $242K | 75x |
Perpl MON
BloFin MON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$63.84
- Price spread: −0.290% → −0.001%
- −$28.89
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$118.53
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 5.80 bp | 21.0 bp −$21 | 53.2 bp −$532 | 207.9 bp −$20.8K | 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 | −0.0739% | 1h | 0.02587 | −0.097% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0232% | 1h | 0.02587 | −0.089% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0213% | 1h | 0.02591 | +0.046% | $63K | $110K | 25x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02587 | −0.089% | $13K | $384K | 5x | as long as short |
| Bybit MONUSDT | +0.0005% | 8h | 0.02591 | +0.066% | $21.6M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02589 | −0.019% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02595 | +0.202% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02597 | +0.290% | $851K | $753K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02597 | +0.278% | $35.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02591 | +0.064% | $108K | $233K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02597 | +0.307% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02594 | +0.182% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02594 | +0.174% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02592 | +0.097% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02581 | −0.335% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02593 | +0.135% | $1.0M | $929K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02597 | +0.290% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02584 | −0.231% | $777K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02585 | −0.160% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02588 | −0.057% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02587 | −0.097% | $69K | $482K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02591 | +0.039% | $363K | $540K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02588 | −0.058% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02596 | +0.270% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02590 | 0.000% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02591 | +0.041% | $263K | $63K | 10x | as long as short |
| BloFin MON-USDTshort | +0.0142% | 4h | 0.02582 | −0.290% | $1.4M | $242K | 75x | |
| Backpack MON_USDC_PERP | +0.0243% | 1h | 0.02591 | +0.070% | $137K | $137K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02591 | +0.070% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0300% | 1h | 0.02587 | −0.094% | $2K | $73K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0344% | 4h | 0.02599 | +0.367% | $3.2M | $747K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02590 | long leg | $145K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02595 | +0.232% | $114K | $51K | 50x | as long as short |
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
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX