Funding you earn now, next payment 00:12 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.018%
Price spread now: Bybit against Perpl+0.163%7-day average −0.138% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.303%−$30 on $10k
+Price spread, last 3 days (all we have)−0.371%−$37 · spread now +0.163%, 7d avg −0.138%
=Together, before fees−0.674%+ Points / potential airdropPerpl: Active · farm board−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.301% dearer against Perpl than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of −0.138%): +$30 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.303% in total) that is about 7.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl MON | 0.02572 | 0.0447 | pay 0.0040% / 43m | 23m 03s | $123K | $1.8M | 10x |
| Short | Bybit MONUSDT | 0.02576 | 0.0100 | get 0.0100% / 8h | 7h 44m | $21.3M | $12.2M | 50x |
Perpl MON
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.163% → −0.138%
- $30.11
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67.46
- Costs to cover
- 0.248%
- Break-even
- from the start
Slippage unknown: Perpl: no order-book sample; Bybit: 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 Bybit live order book, 5 min ago | 1.96 bp | 19.5 bp −$19 | 60.0 bp −$600 | 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 | −0.0444% | 1h | 0.02556 | −0.614% | $6K | $105 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02555 | −0.673% | $13K | $351K | 5x | as long as short |
| Backpack MON_USDC_PERP | +0.0016% | 1h | 0.02576 | +0.144% | $128K | $141K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0048% | 1h | 0.02573 | +0.043% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02571 | −0.031% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02575 | +0.124% | $855K | $751K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02570 | −0.070% | $8K | $42 | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0100% | 1h | 0.02573 | +0.062% | $69K | $119K | 25x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02576 | +0.175% | $393K | $540K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02578 | +0.257% | $35.0M | $7.7M | 5x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Backpack MON_USDC_PERP
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Deribit MON_USDC-PERPETUAL
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 | 0.02572 | +0.014% | $107K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02567 | −0.194% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02570 | −0.074% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02576 | +0.145% | $24.6M | $25.6M | 75x | as long as short |
| Bybit MONUSDTshort | +0.0100% | 8h | 0.02576 | +0.163% | $21.3M | $12.2M | 50x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02578 | +0.241% | $4.3M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02550 | −0.848% | $105K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02574 | +0.086% | $983K | $894K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02578 | +0.241% | $2.7M | $1.9M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02558 | −0.552% | $771K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02552 | −0.751% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02556 | −0.601% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02559 | −0.498% | $68K | $484K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02573 | +0.047% | $5K | $6K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0100% | 1h | 0.02560 | −0.458% | $3K | $75K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02580 | +0.305% | $49K | $455K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02573 | +0.031% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0200% | 4h | 0.02579 | +0.280% | $3.0M | $721K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02573 | +0.027% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02553 | −0.731% | $1.3M | $306K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02572 | long leg | $123K | $1.8M | 10x | |
| Kraken Futures PF_MONUSD | +0.0464% | 1h | 0.02577 | +0.204% | $271K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02568 | −0.156% | $113K | $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
SoDEX MON-USD
Aftermath Perps MONUSD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX