Funding you earn now, next payment 06:40 UTC−0.0846%/8h= −92.7% APRpaid last 24h −0.184%
Price spread now: Perpl against Kraken Futures+0.103%50s7-day average −0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.422%−$42 on $10k
+Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.103%, 7d avg −0.061%
=Together, before fees−0.803%+ Points / potential airdropPerpl: Active · farm board−$80 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.164% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.061%): +$16 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.422% in total) that is about 2.7 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.422% in total (about -22.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02498 | 0.0846 | pay 0.0106% / 1h | 0m 24s | $268K | $119K | 10x |
| Short | Perpl MON | 0.02500 | 0 | get 0.0000% / 43m | 6m 24s | $126K | $2.2M | 10x |
Kraken Futures PF_MONUSD
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$177.69
- Price spread: +0.103% → −0.061%
- $16.4
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$185.1
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 42 min ago; Perpl: 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, 42 min ago | 17.99 bp | 28.8 bp −$29 | 8324.0 bp −$83.2K | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | 0.0000% | 1h | 0.02506 | +0.311% | $13K | $353K | 5x | as long as short |
| Perpl MONshort | 0.0000% | 43m | 0.02500 | +0.103% | $126K | $2.2M | 10x | |
| Orderly PERP_MON_USDC | +0.0089% | 4h | 0.02497 | −0.033% | $16K | $42K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02499 | +0.047% | $801K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02498 | −0.008% | $8K | $42 | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02499 | +0.038% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02496 | −0.093% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02498 | −0.005% | $138K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02499 | +0.038% | $23.7M | $27.5M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02498 | +0.007% | $20.7M | $13.8M | 50x | as long as short |
Phoenix MON
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bybit MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02499 | +0.047% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | +0.087% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02498 | +0.007% | $931K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02502 | +0.167% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02502 | +0.167% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02498 | +0.019% | $109K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02494 | −0.170% | $741K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02504 | +0.248% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02506 | +0.329% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02506 | +0.327% | $68K | $536K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02503 | +0.188% | $392K | $575K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02495 | −0.113% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02502 | +0.160% | $47K | $268K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02496 | −0.093% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02500 | +0.087% | $5K | $113 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0191% | 1h | 0.02497 | −0.045% | $72K | $138K | 25x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02494 | −0.137% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0272% | 1h | 0.02501 | +0.139% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02500 | +0.087% | $1.3M | $348K | 75x | as long as short |
| Hyperliquid MON | +0.0426% | 1h | 0.02504 | +0.263% | $33.9M | $7.8M | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0486% | 1h | 0.02502 | +0.187% | $6K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02511 | +0.536% | $110K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0846% | 1h | 0.02498 | long leg | $268K | $119K | 10x |
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
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
BloFin MON-USDT
Hyperliquid MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX