MON

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0388%/8h= +42.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.031%

Price spread now: Deribit against Injective−0.412%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Deribit is 0.412% cheaper against Injective than usual: you would sell low and buy high (spread −0.412% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$41 on $10k: about 3.5 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MON/USDC PERP	0.02546	−0.0388	get 0.0048% / 1h	0m 24s	$6K	$109	5.5x
Short	Deribit MON_USDC-PERPETUAL	0.02535	0	get 0.0000% / 1h	0m 24s	$68K	$125K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now −0.412%Rate

Funding earned: $81.47
Price spread: −0.412% → 0.000%: −$41.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $33.21
Costs to cover: 0.070%
Break-even: 4.1 days

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 44 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 Deribit live order book, 44 min ago	12.62 bp	16.1 bp −$16	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 32 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 PERPlong	−0.0388%	1h	0.02546	long leg	$6K	$109	5.5x
Bybit MONUSDT	−0.0076%	8h	0.02529	−0.672%	$20.8M	$12.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02536	−0.377%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUALshort	0.0000%	1h	0.02535	−0.412%	$68K	$125K	25x
01 Exchange MONUSD	+0.0024%	1h	0.02535	−0.436%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0077%	4h	0.02532	−0.550%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02538	−0.314%	$846K	$743K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02534	−0.484%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02538	−0.301%	$407K	$539K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02538	−0.334%	$34.4M	$7.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02537	−0.353%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02535	−0.425%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02536	−0.393%	$140K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02533	−0.516%	$24.2M	$25.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02529	−0.668%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02531	−0.603%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02531	−0.589%	$945K	$906K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02538	−0.314%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02533	−0.511%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02536	−0.385%	$118K	$153K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02533	−0.528%	$753K	$404K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02540	−0.254%	$43K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02539	−0.275%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02538	−0.314%	$68K	$498K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02535	−0.432%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02537	−0.372%	$49K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02529	−0.668%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02530	−0.613%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0318%	1h	0.02539	−0.280%	$2K	$74K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02532	−0.534%	$106K	$2.3M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02556	+0.385%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0843%	1h	0.02537	−0.361%	$267K	$97K	10x	as long as short