Funding you earn now, next payment 01:38 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.004%
Price spread now: GRVT against Perpl+0.577%7-day average +0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)−0.659%−$66 · spread now +0.577%, 7d avg +0.009%
=Together, before fees−0.863%+ Points / potential airdropPerpl: Active · GRVT: Active · farm board−$86 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.568% dearer against Perpl than usual: you sell high and buy low (spread +0.577% now, against its 7-day average of +0.009%): +$57 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.204% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.204% in total (about -10.6% 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 | 0.02537 | 0.0447 | pay 0.0040% / 43m | 14m 07s | $106K | $2.3M | 10x |
| Short | GRVT MON_USDT_Perp | 0.02552 | 0.0100 | get 0.0050% / 4h | 2h 09m | $571K | $1.5M | 10x |
Perpl MON
GRVT MON_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.577% → +0.009%
- $56.8
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$38.77
- Costs to cover
- 0.228%
- Break-even
- from the start
Slippage unknown: Perpl: no order-book sample; GRVT: live order book, 4 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 GRVT live order book, 4 min ago | 1.96 bp | 36.7 bp −$37 | 153.2 bp −$1,532 | 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 32 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 | −0.0388% | 1h | 0.02546 | +0.351% | $6K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0089% | 8h | 0.02534 | −0.122% | $20.9M | $12.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02552 | +0.587% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02536 | −0.055% | $68K | $125K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02536 | −0.059% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0068% | 4h | 0.02537 | −0.004% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02538 | +0.035% | $846K | $742K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02536 | −0.063% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02538 | +0.024% | $34.4M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02538 | +0.019% | $101K | $229K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02541 | +0.148% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02537 | −0.004% | $140K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02536 | −0.043% | $24.2M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02534 | −0.122% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02545 | +0.307% | $106K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02534 | −0.122% | $947K | $906K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02538 | +0.035% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02536 | −0.043% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02537 | −0.020% | $118K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02547 | +0.373% | $758K | $419K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02550 | +0.499% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perpshort | +0.0100% | 4h | 0.02552 | +0.577% | $571K | $1.5M | 10x | |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02551 | +0.548% | $68K | $497K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02538 | +0.029% | $407K | $545K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02535 | −0.083% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02537 | +0.004% | $51K | $513K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02534 | −0.102% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02535 | −0.067% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0285% | 1h | 0.02548 | +0.414% | $2K | $79K | 10x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02537 | long leg | $106K | $2.3M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02556 | +0.737% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0842% | 1h | 0.02539 | +0.078% | $267K | $97K | 10x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD