MON

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0318%/8h= +34.8% APRnext payment +$0.40 per $10,000 · paid last 24h +0.076%

Price spread now: Kraken Futures against Hyperliquid−0.028%7-day average −0.030% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 3 days (all we have)+0.323%+$32 · spread now −0.028%, 7d avg −0.030%

Together, before fees+0.656%+ Points / potential airdropHyperliquid: Season 2 · farm board+$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MON	0.02588	0.0100	pay 0.0013% / 1h	42m 44s	$35.0M	$7.6M	5x
Short	Kraken Futures PF_MONUSD	0.02587	0.0418	get 0.0052% / 1h	42m 44s	$272K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.028%Rate

Funding earned: $66.7
Price spread: −0.028% → −0.030%: $0.17
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $47.87
Costs to cover: 0.190%
Break-even: 2.0 days

Slippage unknown: Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 35 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 Hyperliquid live order book, 10 min ago	0.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 35 min ago	21.33 bp	32.7 bp −$33	571.4 bp −$5,714	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	−0.0121%	1h	0.02575	−0.506%	$6K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0051%	8h	0.02583	−0.193%	$21.4M	$12.0M	50x	as long as short
01 Exchange MONUSD	−0.0016%	1h	0.02589	+0.027%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.433%	$14K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02590	+0.070%	$127K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02585	−0.131%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0030%	1h	0.02592	+0.150%	$2K	$75K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02584	−0.158%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0092%	8h	0.02590	+0.079%	$8K	$42	5x	as long as short
Variational Omni MON	+0.0095%	8h	0.02591	+0.100%	$783K	$408K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02586	−0.081%	$859K	$793K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02593	+0.175%	$395K	$546K	10x	as long as short
Hyperliquid MONlong	+0.0100%	1h	0.02588	long leg	$35.0M	$7.6M	5x
Aster MONUSDT	+0.0100%	4h	0.02588	+0.005%	$109K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02596	+0.292%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02595	+0.255%	$143K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02585	−0.139%	$24.6M	$25.2M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02582	−0.236%	$4.4M	$6.0M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02587	−0.043%	$984K	$905K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02587	−0.043%	$2.8M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02585	−0.116%	$129K	$141K	10x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02594	+0.227%	$48K	$245K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02597	+0.337%	$588K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02596	+0.305%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02583	−0.197%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02588	−0.010%	$109K	$3K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02590	+0.060%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02583	−0.185%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02585	−0.100%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0268%	4h	0.02588	−0.004%	$3.0M	$716K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02587	−0.043%	$1.4M	$310K	75x	as long as short
Kraken Futures PF_MONUSDshort	+0.0418%	1h	0.02587	−0.028%	$272K	$78K	10x
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+0.804%	$115K	$50K	50x	as long as short