Funding you earn now, next payment 07:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.022%
Price spread now: Injective against Variational Omni+0.059%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Injective is 0.059% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | Variational Omni MON | 0.02499 | 0.0100 | pay 0.0100% / 8h | 1h 08m | $741K | $411K | — |
| Short | Injective MON/USDC PERP | 0.02500 | 0.0109 | get 0.0014% / 1h | 8m 32s | $5K | $113 | 5.5x |
Variational Omni MON
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $1.96
- Price spread: +0.059% → 0.000%
- $5.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $7.8
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Injective: no order-book sample. 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, 36 min ago | 14.03 bp | doesn't fit | 134.3 bp −$1,343 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | +0.091% | $13K | $353K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02501 | +0.107% | $126K | $2.2M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0087% | 4h | 0.02501 | +0.099% | $16K | $48K | 10x | as long as short |
| Bybit MONUSDT | +0.0096% | 8h | 0.02497 | −0.062% | $20.6M | $13.7M | 50x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02500 | +0.059% | $802K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02497 | −0.050% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02502 | +0.119% | $393K | $575K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02500 | +0.039% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02499 | +0.008% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02499 | +0.010% | $138K | $91K | 3x | as long as short |
Phoenix MON
Perpl 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 | −0.022% | $23.7M | $27.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02497 | −0.062% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | +0.059% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02499 | +0.019% | $931K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02504 | +0.219% | $2.9M | $767K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02501 | +0.099% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02502 | +0.135% | $110K | $156K | 10x | as long as short |
| Variational Omni MONlong | +0.0100% | 8h | 0.02499 | long leg | $741K | $411K | — | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02497 | −0.043% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02504 | +0.207% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02501 | +0.099% | $68K | $534K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02499 | +0.019% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02501 | +0.091% | $47K | $268K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02499 | +0.027% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERPshort | +0.0109% | 1h | 0.02500 | +0.059% | $5K | $113 | 5.5x | |
| Deribit MON_USDC-PERPETUAL | +0.0110% | 1h | 0.02501 | +0.091% | $73K | $138K | 25x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02500 | +0.059% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0264% | 1h | 0.02499 | +0.023% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02500 | +0.059% | $1.3M | $348K | 75x | as long as short |
| Hyperliquid MON | +0.0371% | 1h | 0.02501 | +0.107% | $33.8M | $7.8M | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0397% | 1h | 0.02502 | +0.137% | $6K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02511 | +0.507% | $110K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0845% | 1h | 0.02501 | +0.116% | $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
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