Funding you earn now, next payment 22:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h +0.030%
Price spread now: Deribit against Variational Omni−0.069%7-day average +0.154% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.088%+$9 on $10k
+Price spread, last 3 days (all we have)+0.480%+$48 · spread now −0.069%, 7d avg +0.154%
=Together, before fees+0.568%+ Points / potential airdropVariational Omni: Active · farm board+$57 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Deribit is 0.222% cheaper against Variational Omni than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.154%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.088%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.088% in total (about 10.0% 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 | Variational Omni MON | 0.02596 | 0.0100 | pay 0.0100% / 8h | 2h 12m | $782K | $412K | — |
| Short | Deribit MON_USDC-PERPETUAL | 0.02595 | −0.0289 | pay 0.0036% / 1h | 12m 56s | $63K | $110K | 25x |
Variational Omni MON
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- −$81.75
- Price spread: −0.069% → +0.154%
- −$22.24
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$110.99
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 11 min ago; Deribit: live order book, 51 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 Variational Omni RFQ quote, 11 min ago | 17.36 bp | doesn't fit | 152.4 bp −$1,524 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 51 min ago | 8.25 bp | 14.3 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.02599 | +0.101% | $6K | $110 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | −0.0289% | 1h | 0.02595 | −0.069% | $63K | $110K | 25x | |
| 01 Exchange MONUSD | −0.0232% | 1h | 0.02597 | +0.035% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | 0.0000% | 8h | 0.02592 | −0.169% | $21.6M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02599 | +0.093% | $14K | $384K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0091% | 4h | 0.02594 | −0.092% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0094% | 8h | 0.02598 | +0.044% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02596 | −0.015% | $852K | $758K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02604 | +0.295% | $384K | $533K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02597 | +0.016% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
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 | 0.02598 | +0.078% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02602 | +0.198% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02600 | +0.139% | $143K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02592 | −0.161% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02591 | −0.207% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02602 | +0.217% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02598 | +0.062% | $1.0M | $935K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02598 | +0.062% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MONlong | +0.0100% | 8h | 0.02596 | long leg | $782K | $412K | — | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02600 | +0.152% | $48K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02598 | +0.073% | $585K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02600 | +0.139% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02593 | −0.130% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02597 | +0.011% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02593 | −0.150% | $39K | — | 3x | as long as short |
| BloFin MON-USDT | +0.0125% | 4h | 0.02599 | +0.101% | $1.4M | $246K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02598 | +0.047% | $268K | $67K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0136% | 1h | 0.02599 | +0.107% | $2K | $73K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02597 | +0.020% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0309% | 1h | 0.02594 | −0.080% | $138K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0388% | 4h | 0.02600 | +0.139% | $3.2M | $747K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02597 | +0.016% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.397% | $114K | $50K | 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
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
BloFin MON-USDT
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX