Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.084%
Price spread now: Orderly against Hyperliquid−0.161%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.161% cheaper against Hyperliquid than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MON | 0.02542 | 0.0100 | pay 0.0013% / 1h | 14m 56s | $34.3M | $6.8M | 5x |
| Short | Orderly PERP_MON_USDC | 0.02538 | 0.0100 | get 0.0050% / 4h | 3h 14m | $16K | $38K | 10x |
Hyperliquid MON
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Hyperliquid. 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
- $0
- Price spread: −0.161% → 0.000%
- −$16.13
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$31.13
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Orderly: 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 Hyperliquid live order book, 8 min ago | 0.20 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0121% | 1h | 0.02536 | −0.244% | $113K | $150K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −1.459% | $5K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02536 | −0.252% | $13K | $346K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02537 | −0.212% | $74K | $137K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02539 | −0.122% | $816K | $766K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02537 | −0.202% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02539 | −0.107% | $393K | $565K | 10x | as long as short |
| Hyperliquid MONlong | +0.0100% | 1h | 0.02542 | long leg | $34.3M | $6.8M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02540 | −0.098% | $100K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02541 | −0.058% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02539 | −0.122% | $140K | $90K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02539 | −0.122% | $24.3M | $27.0M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02537 | −0.201% | $21.2M | $13.6M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02537 | −0.201% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | −0.476% | $104K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02538 | −0.161% | $970K | $1.1M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02540 | −0.083% | $2.9M | $758K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02540 | −0.083% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02538 | −0.156% | $754K | $378K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02538 | −0.151% | $42K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02529 | −0.529% | $573K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02543 | +0.035% | $69K | $546K | 50x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0100% | 4h | 0.02538 | −0.161% | $16K | $38K | 10x | |
| SoDEX MON-USD | +0.0100% | 1h | 0.02536 | −0.240% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02539 | −0.133% | $58K | $326K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02537 | −0.201% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0168% | 1h | 0.02537 | −0.216% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02537 | −0.197% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02540 | −0.083% | $1.3M | $375K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02537 | −0.205% | $118K | $2.1M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0536% | 1h | 0.02529 | −0.512% | $5K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02549 | +0.275% | $112K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0788% | 1h | 0.02541 | −0.058% | $273K | $118K | 10x | as long as short |
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD