Funding you earn now, next payment 02:00 UTC−0.0753%/8h= −82.4% APRpaid last 24h −0.184%
Price spread now: Paradex against Kraken Futures−0.204%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
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Paradex is 0.204% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 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 | 0.02521 | 0.0848 | pay 0.0106% / 1h | 40m 11s | $274K | $88K | 10x |
| Short | Paradex MON-USD-PERP | 0.02516 | 0.0096 | get 0.0096% / 8h | 6h 40m | $8K | $42 | 5x |
Kraken Futures PF_MONUSD
Paradex MON-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$158.05
- Price spread: −0.204% → 0.000%
- −$20.35
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$192.41
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 27 min ago; Paradex: 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, 27 min ago | 21.19 bp | 30.1 bp −$30 | 7786.1 bp −$77.9K | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 PERP | −0.0388% | 1h | 0.02541 | +0.788% | $6K | $106 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0050% | 8h | 0.02514 | −0.275% | $20.6M | $12.8M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0048% | 1h | 0.02515 | −0.263% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02540 | +0.748% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02516 | −0.196% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0059% | 4h | 0.02515 | −0.243% | $16K | $51K | 10x | as long as short |
| Paradex MON-USD-PERPshort | +0.0096% | 8h | 0.02516 | −0.204% | $8K | $42 | 5x | |
| Lighter MON | +0.0096% | 1h | 0.02519 | −0.084% | $839K | $742K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02517 | −0.180% | $406K | $546K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02516 | −0.186% | $101K | $229K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Nado MON-PERP
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 | 0.02521 | +0.003% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02518 | −0.124% | $139K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02516 | −0.203% | $24.0M | $26.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02514 | −0.283% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02535 | +0.554% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02514 | −0.283% | $944K | $900K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02519 | −0.084% | $2.9M | $745K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02517 | −0.164% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02525 | +0.142% | $119K | $161K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02520 | −0.060% | $759K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02535 | +0.562% | $43K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02530 | +0.361% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02532 | +0.431% | $68K | $492K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02515 | −0.243% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02517 | −0.164% | $48K | $514K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02515 | −0.243% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02514 | −0.267% | $9K | — | 50x | as long as short |
| Hyperliquid MON | +0.0339% | 1h | 0.02515 | −0.235% | $34.1M | $7.7M | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02549 | +1.105% | $1.4M | $310K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0377% | 1h | 0.02533 | +0.485% | $4K | $76K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02513 | −0.322% | $104K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02542 | +0.824% | $111K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0848% | 1h | 0.02521 | long leg | $274K | $88K | 10x |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
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
GMX MON/USD [ETH-USDC]
Hyperliquid MON
BloFin MON-USDT
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX