Funding you earn now, next payment 11:00 UTC−0.0596%/8h= −65.3% APRnext payment −$0.74 per $10,000 · paid last 24h −0.191%
Price spread now: Nado against Kraken Futures+0.290%46s7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$940.941% of the position
Funding, last 4 days (all we have)−0.652%−$65 on $10k
+Price spread, last 4 days (all we have)−0.493%−$49 · spread now +0.290%, 7d avg +0.039%
=Together, before fees−1.145%+ Points / potential airdropNado: Active · farm board−$115 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.252% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.290% now, against its 7-day average of +0.039%): +$25 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 34 hours. The two prices were read 46 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 | 0.02526 | 0.0696 | pay 0.0087% / 1h | 4m 22s | $276K | $127K | 10x |
| Short | Nado MON-PERP | 0.02534 | 0.0100 | get 0.0012% / 1h | 4m 22s | $404K | $576K | 10x |
Kraken Futures PF_MONUSD
Nado MON-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$125.14
- Price spread: +0.290% → +0.039%
- $25.17
- Slippage, 4 orders
- −$77.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$194.09
- Costs to cover
- 0.941%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 41 min ago; Nado: live order book, 42 min ago.
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, 41 min ago | 19.88 bp | 33.4 bp −$33 | 8397.6 bp −$84.0K | doesn't fit | doesn't fit |
| Sell Nado live order book, 42 min ago | 0.60 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
MON on 33 exchanges
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 | −0.0464% | 1h | 0.02532 | +0.220% | $6K | $2K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0329% | 1h | 0.02526 | −0.033% | $113K | $146K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0246% | 1h | 0.02541 | +0.577% | $6K | $101 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0225% | 1h | 0.02523 | −0.152% | $80K | $119K | 25x | as long as short |
| Bybit MONUSDT | −0.0144% | 8h | 0.02530 | +0.141% | $21.5M | $13.5M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02524 | −0.112% | $12K | $281K | 5x | as long as short |
| Paradex MON-USD-PERP | +0.0034% | 8h | 0.02529 | +0.120% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02532 | +0.220% | $830K | $737K | 10x | as long as short |
| Nado MON-PERPshort | +0.0100% | 1h | 0.02534 | +0.290% | $404K | $576K | 10x | |
| Hyperliquid MON | +0.0100% | 1h | 0.02533 | +0.276% | $33.9M | $6.3M | 5x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Phoenix MON
Paradex MON-USD-PERP
Lighter MON
Hyperliquid MONShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02530 | +0.141% | $100K | $204K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02525 | −0.039% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02531 | +0.181% | $140K | $85K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02532 | +0.207% | $24.3M | $26.3M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02530 | +0.141% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.253% | $103K | $238 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02533 | +0.260% | $1.2M | $1.3M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02530 | +0.141% | $2.9M | $695K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02535 | +0.339% | $2.8M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02521 | −0.222% | $752K | $368K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02523 | −0.147% | $42K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02525 | −0.050% | $567K | $1.4M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02526 | −0.017% | $68K | $548K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02532 | +0.220% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02522 | −0.175% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02532 | +0.218% | $58K | $320K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02532 | +0.220% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02526 | −0.025% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02524 | −0.096% | $1.4M | $391K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0373% | 1h | 0.02525 | −0.052% | $5K | $97K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02532 | +0.216% | $117K | $2.1M | 10x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0696% | 1h | 0.02526 | long leg | $276K | $127K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02534 | +0.319% | $107K | $55K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX