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: Hyperliquid against Kraken Futures−0.022%50s7-day average +0.030% · you buy dearer than you sell

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

Long on Kraken Futures Short on Hyperliquid

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)−0.273%−$27 · spread now −0.022%, 7d avg +0.030%

Together, before fees−0.606%+ Points / potential airdropHyperliquid: Season 2 · farm board−$61 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hyperliquid is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 50 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	Kraken Futures PF_MONUSD	0.02587	0.0418	pay 0.0052% / 1h	42m 29s	$272K	$78K	10x
Short	Hyperliquid MON	0.02587	0.0100	get 0.0013% / 1h	42m 29s	$35.0M	$7.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$66.7
Price spread: −0.022% → +0.030%: −$5.2
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$90.9
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 35 min ago; Hyperliquid: live order book, 11 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 Kraken Futures live order book, 35 min ago	21.33 bp	32.6 bp −$33	7808.6 bp −$78.1K	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.19 bp	11.1 bp −$11	doesn't fit	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	−0.478%	$6K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0049%	8h	0.02581	−0.231%	$21.4M	$12.0M	50x	as long as short
01 Exchange MONUSD	−0.0024%	1h	0.02583	−0.188%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.461%	$14K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02586	−0.045%	$127K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02585	−0.103%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0032%	1h	0.02591	+0.127%	$2K	$75K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02584	−0.130%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0093%	8h	0.02583	−0.156%	$8K	$42	5x	as long as short
Variational Omni MON	+0.0095%	8h	0.02591	+0.128%	$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	−0.053%	$859K	$793K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02590	+0.110%	$395K	$545K	10x	as long as short
Hyperliquid MONshort	+0.0100%	1h	0.02587	−0.022%	$35.0M	$7.6M	5x
Aster MONUSDT	+0.0100%	4h	0.02587	−0.009%	$109K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02584	−0.124%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02585	−0.092%	$143K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02584	−0.145%	$24.6M	$25.2M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02581	−0.246%	$4.4M	$6.0M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02586	−0.053%	$984K	$905K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02586	−0.053%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02585	−0.088%	$129K	$141K	10x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02594	+0.255%	$48K	$245K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02597	+0.366%	$588K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02596	+0.334%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02583	−0.169%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02588	+0.018%	$109K	$3K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02590	+0.093%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02583	−0.157%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02583	−0.153%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0262%	4h	0.02587	−0.014%	$3.0M	$716K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02587	−0.014%	$1.4M	$310K	75x	as long as short
Kraken Futures PF_MONUSDlong	+0.0418%	1h	0.02587	long leg	$272K	$78K	10x
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+0.832%	$115K	$50K	50x	as long as short