MON

Alert

Funding spread now, next payment 20:00 UTC+0.0206%/8h

paid, last 24h−0.007%paid, last 4 days+0.070%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.070% in total (about 6.8% 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	Injective MON/USDC PERP	0.02538	−0.0242	get 0.0030% / 1h	56m 06s	$6K	$108	5.5x
Short	Bybit MONUSDT	0.02533	−0.0037	pay 0.0037% / 8h	4h 56m	$21.0M	$11.2M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee BybitbpOrdersRate

Funding earned: $43.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $32.17
Break-even: 1.8 days

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.201%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	3.94 bp	22.0 bp −$22	67.5 bp −$675	doesn't fit	doesn't fit

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 32 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MON/USDC PERPlong	−0.0242%	1h	$6K	$108	5.5x
Bybit MONUSDTshort	−0.0037%	8h	$21.0M	$11.2M	50x
Phoenix MON	0.0000%	1h	$13K	$374K	5x	as long as short
Perpl MON	0.0000%	43m	$209K	$1.7M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	$47K	$74K	25x	as long as short
Backpack MON_USDC_PERP	+0.0075%	1h	$133K	$135K	10x	as long as short
Lighter MON	+0.0096%	1h	$827K	$743K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	$315K	$529K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	$34.3M	$7.4M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	$106K	$240K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	$144K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	$24.0M	$23.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	$4.3M	$5.8M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	$958K	$927K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	$2.6M	$1.7M	25x	as long as short
Variational Omni MON	+0.0100%	8h	$757K	$366K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	$47K	$240K	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	$68K	$491K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	$17K	$64K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	$104K	$5K	10x	as long as short
BloFin MON-USDT	+0.0101%	4h	$1.3M	$217K	75x	as long as short
Extended MON-USD	+0.0104%	1h	$45K	$400K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0136%	1h	$6K	$1K	5x	as long as short
KuCoin MONUSDTM	+0.0210%	4h	$2.7M	$682K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0343%	1h	$6K	—	50x	as long as short
Kraken Futures PF_MONUSD	+0.0420%	1h	$253K	$61K	10x	as long as short
Aftermath Perps MONUSD	+0.0499%	1h	$2K	$72K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0624%	1h	$113K	$51K	50x	as long as short