Funding you earn now, next payment 03:00 UTC+0.0584%/8h= +63.9% APRnext payment +$0.73 per $10,000 · paid last 24h +0.232%
Price spread now: Coinbase International against Injective+1.213%64s7-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—needs both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Coinbase International is 1.213% dearer against Injective than usual: you sell high and buy low: +$121 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 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 | Injective MON/USDC PERP | 0.02498 | −0.0176 | get 0.0022% / 1h | 23m 48s | $5K | $112 | 5.5x |
| Short | Coinbase International MON-PERP-INTX | 0.02528 | 0.0408 | get 0.0051% / 1h | 23m 48s | $110K | $57K | 50x |
Injective MON/USDC PERP
Coinbase International MON-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- $122.6
- Price spread: +1.213% → 0.000%
- $121.3
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $233.88
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 34 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 Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 34 min ago | 19.71 bp | 25.1 bp −$25 | doesn't fit | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0272% | 1h | 0.02504 | +0.256% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0201% | 1h | 0.02507 | +0.352% | $113K | $151K | 10x | as long as short |
| Injective MON/USDC PERPlong | −0.0176% | 1h | 0.02498 | long leg | $5K | $112 | 5.5x | |
| Bybit MONUSDT | −0.0151% | 8h | 0.02502 | +0.160% | $20.6M | $13.3M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02515 | +0.665% | $12K | $359K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02505 | +0.284% | $107K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0071% | 4h | 0.02505 | +0.280% | $16K | $41K | 10x | as long as short |
| Variational Omni MON | +0.0077% | 8h | 0.02502 | +0.142% | $740K | $409K | — | as long as short |
| Paradex MON-USD-PERP | +0.0092% | 8h | 0.02504 | +0.237% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02506 | +0.320% | $843K | $749K | 10x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Bybit MONUSDT
Phoenix MON
Perpl MON
Orderly PERP_MON_USDC
Variational Omni MON
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02507 | +0.349% | $425K | $574K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02507 | +0.356% | $33.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02507 | +0.360% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02508 | +0.384% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02506 | +0.320% | $138K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02505 | +0.268% | $23.8M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02503 | +0.200% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | +0.275% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02505 | +0.280% | $939K | $993K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02508 | +0.400% | $2.8M | $757K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02506 | +0.320% | $2.7M | $2.2M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02506 | +0.304% | $41K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02508 | +0.392% | $562K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02506 | +0.320% | $67K | $510K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02505 | +0.280% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02507 | +0.348% | $48K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02504 | +0.220% | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0149% | 1h | 0.02505 | +0.296% | $74K | $136K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0244% | 1h | 0.02506 | +0.335% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02504 | +0.232% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02509 | +0.440% | $1.3M | $338K | 75x | as long as short |
| Coinbase International MON-PERP-INTXshort | +0.0408% | 1h | 0.02528 | +1.213% | $110K | $57K | 50x | |
| Kraken Futures PF_MONUSD | +0.0543% | 1h | 0.02508 | +0.400% | $269K | $114K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD