Funding you earn now, next payment 00:12 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.031%
Price spread now: edgeX against Perpl−0.992%66s7-day average −0.078% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 3 days (all we have)+0.808%+$81 · spread now −0.992%, 7d avg −0.078%
=Together, before fees+0.618%+ Points / potential airdropPerpl: Active · edgeX: Active · farm board+$62 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 edgeX is 0.915% cheaper against Perpl than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of −0.078%). Swap the legs. The two prices were read 66 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 -0.190% in total (about -9.9% 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 | 0.02591 | 0.0447 | pay 0.0040% / 43m | 20m 49s | $134K | $1.9M | 10x |
| Short | edgeX MONUSDC | 0.02565 | 0.0100 | get 0.0050% / 4h | 3h 41m | $44K | $248K | 10x |
Perpl MON
edgeX MONUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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: −0.992% → −0.078%
- −$91.45
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$187.02
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; edgeX: live order book, 30 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 edgeX live order book, 30 min ago | 7.82 bp | 17.4 bp −$17 | 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 | −0.0444% | 1h | 0.02556 | −1.336% | $6K | $105 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02555 | −1.393% | $13K | $351K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02590 | −0.027% | $70K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02589 | −0.062% | $17K | $64K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0072% | 1h | 0.02596 | +0.228% | $6K | $1K | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02588 | −0.100% | $860K | $751K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02594 | +0.113% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02590 | −0.015% | $35.2M | $7.7M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02587 | −0.124% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02588 | −0.094% | $13K | — | 5x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
01 Exchange MONUSD
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02595 | +0.162% | $143K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02585 | −0.216% | $24.7M | $25.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02585 | −0.216% | $21.4M | $12.2M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02584 | −0.255% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02550 | −1.567% | $105K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02585 | −0.216% | $985K | $899K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02588 | −0.100% | $2.8M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02587 | −0.120% | $128K | $142K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02558 | −1.274% | $771K | $407K | — | as long as short |
| edgeX MONUSDCshort | +0.0100% | 4h | 0.02565 | −0.992% | $44K | $248K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02568 | −0.872% | $582K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02568 | −0.872% | $68K | $483K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02600 | +0.359% | $398K | $543K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02586 | −0.178% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02588 | −0.091% | $50K | $475K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02587 | −0.143% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0111% | 1h | 0.02569 | −0.823% | $3K | $76K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0188% | 4h | 0.02590 | −0.023% | $3.0M | $724K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02589 | −0.050% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02589 | −0.062% | $1.4M | $310K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02591 | long leg | $134K | $1.9M | 10x | |
| Kraken Futures PF_MONUSD | +0.0461% | 1h | 0.02591 | +0.012% | $272K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02593 | +0.104% | $114K | $51K | 50x | as long as short |
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
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