Funding you earn now, next payment 00:12 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.031%
Price spread now: Perpl against Gate+0.162%45s7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.162%, 7d avg +0.045%
=Together, before fees+0.161%+ Points / potential airdropPerpl: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.116% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 45 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 0.209% in total (about 10.9% 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 | Gate MON_USDT | 0.02598 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $979K | $930K | 50x |
| Short | Perpl MON | 0.02602 | 0.0447 | get 0.0040% / 43m | 31m 35s | $120K | $2.1M | 10x |
Gate MON_USDT
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against Gate. 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: +0.162% → +0.045%
- $11.63
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $55.59
- Costs to cover
- 0.288%
- Break-even
- 1.7 days
Slippage unknown: Gate: live order book, 62 min ago; Perpl: 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 Gate live order book, 62 min ago | 7.83 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
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 | 0.02570 | −1.078% | $6K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02601 | +0.119% | $14K | $351K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02599 | +0.046% | $70K | $119K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02598 | −0.008% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0063% | 4h | 0.02596 | −0.077% | $17K | $59K | 10x | as long as short |
| Bybit MONUSDT | +0.0092% | 8h | 0.02598 | 0.000% | $21.6M | $12.2M | 50x | as long as short |
| Paradex MON-USD-PERP | +0.0092% | 8h | 0.02598 | −0.012% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02600 | +0.077% | $866K | $755K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02608 | +0.385% | $402K | $523K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02603 | +0.177% | $35.5M | $7.4M | 5x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Orderly PERP_MON_USDC
Bybit MONUSDT
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 | 0.02599 | +0.040% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02601 | +0.098% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02598 | +0.015% | $144K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02599 | +0.020% | $24.8M | $25.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02598 | 0.000% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02560 | −1.446% | $106K | $4K | 10x | as long as short |
| Gate MON_USDTlong | +0.0100% | 4h | 0.02598 | long leg | $979K | $930K | 50x | |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02600 | +0.077% | $3.0M | $728K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02600 | +0.077% | $2.8M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02599 | +0.038% | $129K | $142K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02593 | −0.209% | $780K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02595 | −0.129% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02600 | +0.078% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02593 | −0.192% | $69K | $487K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02596 | −0.077% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02603 | +0.204% | $50K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02596 | −0.077% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0198% | 1h | 0.02590 | −0.310% | $4K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02600 | +0.085% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02594 | −0.154% | $1.4M | $309K | 75x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02602 | +0.162% | $120K | $2.1M | 10x | |
| Kraken Futures PF_MONUSD | +0.0460% | 1h | 0.02599 | +0.044% | $273K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02604 | +0.250% | $114K | $52K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX