Funding you earn now, next payment 06:40 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.004%
Price spread now: Variational Omni against Perpl−0.106%53s7-day average −0.154% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.106%, 7d avg −0.154%
=Together, before fees−0.286%+ Points / potential airdropPerpl: Active · Variational Omni: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.047% dearer against Perpl than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.154%. Mind the row above: over the last 4 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl MON | 0.02501 | 0 | get 0.0000% / 43m | 14m 25s | $126K | $2.2M | 10x |
| Short | Variational Omni MON | 0.02499 | 0.0100 | get 0.0100% / 8h | 1h 08m | $741K | $411K | — |
Perpl MON
Variational Omni MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $21
- Price spread: −0.106% → −0.154%
- $4.75
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $11.95
- Costs to cover
- 0.138%
- Break-even
- 3.0 days
Slippage unknown: Perpl: no order-book sample; Variational Omni: RFQ quote, 36 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 Variational Omni RFQ quote, 36 min ago | 14.03 bp | doesn't fit | 114.3 bp −$1,143 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | 0.0000% | 1h | 0.02501 | −0.016% | $13K | $353K | 5x | as long as short |
| Perpl MONlong | 0.0000% | 43m | 0.02501 | long leg | $126K | $2.2M | 10x | |
| Orderly PERP_MON_USDC | +0.0087% | 4h | 0.02501 | −0.008% | $16K | $48K | 10x | as long as short |
| Bybit MONUSDT | +0.0096% | 8h | 0.02497 | −0.168% | $20.6M | $13.7M | 50x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02500 | −0.048% | $802K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02497 | −0.156% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02502 | +0.013% | $393K | $575K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02500 | −0.068% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02499 | −0.098% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02499 | −0.096% | $138K | $91K | 3x | as long as short |
Phoenix MON
Orderly PERP_MON_USDC
Bybit MONUSDT
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MONUSDT | +0.0100% | 4h | 0.02498 | −0.128% | $23.7M | $27.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02497 | −0.168% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | −0.048% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02499 | −0.088% | $931K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02504 | +0.112% | $2.9M | $767K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02501 | −0.008% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02502 | +0.028% | $110K | $156K | 10x | as long as short |
| Variational Omni MONshort | +0.0100% | 8h | 0.02499 | −0.106% | $741K | $411K | — | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02497 | −0.149% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02504 | +0.100% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02501 | −0.008% | $68K | $534K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02499 | −0.088% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02501 | −0.015% | $47K | $268K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02499 | −0.080% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02500 | −0.048% | $5K | $113 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0110% | 1h | 0.02501 | −0.016% | $73K | $138K | 25x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02500 | −0.048% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0264% | 1h | 0.02499 | −0.084% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02500 | −0.048% | $1.3M | $348K | 75x | as long as short |
| Hyperliquid MON | +0.0371% | 1h | 0.02501 | 0.000% | $33.8M | $7.8M | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0397% | 1h | 0.02502 | +0.030% | $6K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02511 | +0.400% | $110K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0845% | 1h | 0.02501 | +0.010% | $269K | $119K | 10x | as long as short |
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
BloFin MON-USDT
Hyperliquid MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD