Funding you earn now, next payment 01:00 UTC−0.0906%/8h= −99.2% APRnext payment −$1.13 per $10,000 · paid last 24h −0.198%
Price spread now: Injective against Kraken Futures−0.372%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$27 a day on $10k at the current rate, and Injective is 0.372% cheaper against Kraken Futures than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02586 | 0.0462 | pay 0.0058% / 1h | 26m 45s | $272K | $78K | 10x |
| Short | Injective MON/USDC PERP | 0.02576 | −0.0444 | pay 0.0055% / 1h | 26m 45s | $6K | $107 | 5.5x |
Kraken Futures PF_MONUSD
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$190.18
- Price spread: −0.372% → 0.000%
- −$37.18
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$237.38
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 46 min ago; Injective: 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 Kraken Futures live order book, 46 min ago | 17.59 bp | 34.4 bp −$34 | 8258.4 bp −$82.6K | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERPshort | −0.0444% | 1h | 0.02576 | −0.372% | $6K | $107 | 5.5x | |
| Phoenix MON | 0.0000% | 1h | 0.02580 | −0.233% | $13K | $351K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02582 | −0.124% | $70K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0067% | 4h | 0.02580 | −0.217% | $17K | $64K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0080% | 1h | 0.02582 | −0.140% | $6K | $1K | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02586 | +0.015% | $861K | $754K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02582 | −0.125% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02586 | +0.011% | $394K | $532K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02587 | +0.050% | $35.2M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02583 | −0.119% | $107K | $231K | 10x | as long as short |
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
01 Exchange MONUSD
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02581 | −0.186% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02584 | −0.082% | $143K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02582 | −0.140% | $24.7M | $25.4M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02582 | −0.140% | $21.5M | $12.2M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02583 | −0.101% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02580 | −0.217% | $106K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02582 | −0.140% | $978K | $907K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02584 | −0.062% | $2.8M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02583 | −0.093% | $128K | $140K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02575 | −0.426% | $778K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02580 | −0.203% | $44K | $246K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02579 | −0.256% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02582 | −0.140% | $69K | $486K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02581 | −0.178% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02586 | +0.024% | $49K | $520K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02581 | −0.175% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0164% | 4h | 0.02586 | +0.015% | $3.0M | $720K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0192% | 1h | 0.02581 | −0.171% | $4K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02581 | −0.163% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02581 | −0.178% | $1.4M | $307K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02582 | −0.147% | $180K | $2.0M | 10x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0462% | 1h | 0.02586 | long leg | $272K | $78K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02584 | −0.058% | $113K | $51K | 50x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX