Funding you earn now, next payment 20:36 UTC−0.0447%/8h= −48.9% APRpaid last 24h +0.061%
Price spread now: Deribit against Perpl−0.077%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.077% cheaper against Perpl than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -8.4% 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 | 0.02598 | 0.0447 | pay 0.0040% / 43m | 1m 38s | $146K | $1.8M | 10x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02596 | 0 | get 0.0000% / 1h | 57m 38s | $64K | $103K | 25x |
Perpl MON
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$93.77
- Price spread: −0.077% → 0.000%
- −$7.7
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$122.27
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Deribit: live order book, 6 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 Deribit live order book, 6 min ago | 8.25 bp | 14.3 bp −$14 | 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 | −0.0739% | 1h | 0.02581 | −0.658% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0200% | 1h | 0.02596 | −0.096% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0003% | 8h | 0.02588 | −0.370% | $21.7M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02602 | +0.139% | $14K | $371K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02596 | −0.077% | $64K | $103K | 25x | |
| Orderly PERP_MON_USDC | +0.0093% | 4h | 0.02595 | −0.119% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02593 | −0.196% | $849K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02590 | −0.331% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02598 | −0.013% | $346K | $536K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02594 | −0.139% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
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 | 0.02596 | −0.084% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02597 | −0.060% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02593 | −0.196% | $143K | $108K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02591 | −0.273% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02588 | −0.389% | $4.4M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02610 | +0.458% | $110K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02593 | −0.196% | $1.0M | $923K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02595 | −0.119% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02602 | +0.132% | $779K | $403K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02604 | +0.233% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02605 | +0.266% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02604 | +0.227% | $69K | $485K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02593 | −0.196% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02594 | −0.155% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02595 | −0.135% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02596 | −0.076% | $260K | $60K | 10x | as long as short |
| BloFin MON-USDT | +0.0146% | 4h | 0.02598 | −0.004% | $1.4M | $247K | 75x | as long as short |
| Backpack MON_USDC_PERP | +0.0188% | 1h | 0.02592 | −0.219% | $136K | $136K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0314% / S −0.1052% | 1h | 0.02596 | −0.069% | $14K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0382% | 4h | 0.02599 | +0.035% | $3.1M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0425% | 1h | 0.02602 | +0.132% | $2K | $73K | 10x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02598 | long leg | $146K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +1.047% | $115K | $51K | 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
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
BloFin MON-USDT
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX