Funding you earn now, next payment 00:12 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.031%
Price spread now: Bulk against Perpl−0.188%50s7-day average −0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.066%−$7 on $10k
+Price spread, last 3 days (all we have)−0.222%−$22 · spread now −0.188%, 7d avg −0.067%
=Together, before fees−0.288%+ Points / potential airdropPerpl: Active · farm board−$29 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 Bulk is 0.120% cheaper against Perpl than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.067%). Swap the legs. The two prices were read 50 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 3 days it paid -0.066% in total (about -7.0% 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 | 0.02555 | 0.0447 | pay 0.0040% / 43m | 25m 36s | $122K | $1.8M | 10x |
| Short | Bulk MON-USD | 0.02550 | 0.0100 | get 0.0013% / 1h | 46m 36s | $105K | $2K | 10x |
Perpl MON
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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: −0.188% → −0.067%
- −$12.05
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$105.61
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Bulk: live order book, 27 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 Bulk live order book, 27 min ago | 19.57 bp | 23.1 bp −$23 | 74.1 bp −$741 | 457.9 bp −$45.8K | 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 | −0.0444% | 1h | 0.02556 | +0.047% | $6K | $105 | 5.5x | as long as short |
| Backpack MON_USDC_PERP | −0.0110% | 1h | 0.02560 | +0.219% | $127K | $141K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02555 | +0.016% | $13K | $351K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02555 | +0.016% | $69K | $119K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0032% | 1h | 0.02560 | +0.211% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02554 | −0.031% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02563 | +0.321% | $851K | $744K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02560 | +0.205% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02563 | +0.317% | $391K | $540K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02565 | +0.399% | $34.7M | $7.6M | 5x | as long as short |
Injective MON/USDC PERP
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
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 MONUSDT | +0.0100% | 4h | 0.02561 | +0.235% | $106K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02560 | +0.196% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02561 | +0.243% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02560 | +0.191% | $24.5M | $25.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02556 | +0.047% | $21.1M | $12.1M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02556 | +0.047% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02550 | −0.188% | $105K | $2K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02560 | +0.204% | $977K | $893K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02561 | +0.243% | $2.7M | $1.9M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02550 | −0.184% | $771K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02552 | −0.090% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02556 | +0.061% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02554 | −0.031% | $68K | $483K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02553 | −0.070% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02563 | +0.335% | $52K | $440K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02553 | −0.051% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0125% | 1h | 0.02555 | +0.005% | $3K | $75K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0194% | 4h | 0.02564 | +0.360% | $3.0M | $720K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02555 | 0.000% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02553 | −0.070% | $1.3M | $306K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02555 | long leg | $122K | $1.8M | 10x | |
| Kraken Futures PF_MONUSD | +0.0467% | 1h | 0.02556 | +0.058% | $268K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02609 | +2.118% | $115K | $50K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
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
Aftermath Perps MONUSD
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX