Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.223%
Price spread now: Coinbase International against Perpl+2.070%7-day average +0.496% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.745%+$75 on $10k
+Price spread, last 4 days (all we have)−1.610%−$161 · spread now +2.070%, 7d avg +0.496%
=Together, before fees−0.865%+ Points / potential airdropPerpl: Active · farm board−$86 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 1.573% dearer against Perpl than usual: you sell high and buy low: +$157 more if the spread goes back to its 7-day average of +0.496%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl MON | 0.02479 | 0.0447 | pay 0.0040% / 43m | 20m 12s | $113K | $2.2M | 10x |
| Short | Coinbase International MON-PERP-INTX | 0.02530 | 0.0456 | get 0.0057% / 1h | 40m 12s | $110K | $55K | 50x |
Perpl MON
Coinbase International MON-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $1.99
- Price spread: +2.070% → +0.496%
- $157.34
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $135.53
- Costs to cover
- 0.238%
- Break-even
- from the start
Slippage unknown: Perpl: no order-book sample; Coinbase International: live order book, 8 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 Coinbase International live order book, 8 min ago | 29.25 bp | 160.6 bp −$161 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MON_USDC-PERPETUAL | −0.0154% | 1h | 0.02476 | −0.097% | $73K | $136K | 25x | as long as short |
| Backpack MON_USDC_PERP | −0.0129% | 1h | 0.02484 | +0.226% | $109K | $153K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02492 | +0.529% | $12K | $355K | 5x | as long as short |
| Bybit MONUSDT | +0.0005% | 8h | 0.02473 | −0.230% | $20.3M | $13.6M | 50x | as long as short |
| 01 Exchange MONUSD | +0.0032% | 1h | 0.02475 | −0.137% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02496 | +0.698% | $5K | $111 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02476 | −0.109% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02475 | −0.149% | $828K | $743K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02479 | +0.009% | $7K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02478 | −0.013% | $403K | $585K | 10x | as long as short |
Deribit MON_USDC-PERPETUAL
Backpack MON_USDC_PERP
Phoenix MON
Bybit MONUSDT
01 Exchange MONUSD
Injective MON/USDC PERP
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02478 | −0.024% | $33.3M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02477 | −0.062% | $99K | $219K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02479 | −0.004% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02481 | +0.093% | $137K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02476 | −0.109% | $23.5M | $27.3M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02475 | −0.149% | $4.1M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02490 | +0.456% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02475 | −0.149% | $924K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02480 | +0.052% | $2.8M | $764K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02477 | −0.069% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02485 | +0.238% | $739K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02490 | +0.437% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02495 | +0.658% | $562K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02492 | +0.537% | $68K | $527K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02476 | −0.109% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02476 | −0.091% | $47K | $288K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02476 | −0.113% | $37K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02476 | −0.113% | $6K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0237% | 1h | 0.02492 | +0.527% | $2K | $78K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02484 | +0.214% | $1.3M | $338K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02479 | long leg | $113K | $2.2M | 10x | |
| Coinbase International MON-PERP-INTXshort | +0.0456% | 1h | 0.02530 | +2.070% | $110K | $55K | 50x | |
| Kraken Futures PF_MONUSD | +0.1027% | 1h | 0.02478 | −0.037% | $266K | $113K | 10x | as long as short |
Hyperliquid MON
Aster MONUSDT
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
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Kraken Futures PF_MONUSD