Funding you earn now, next payment 08:00 UTC−0.0132%/8h= −14.4% APRnext payment −$0.16 per $10,000 · paid last 24h −0.025%
Price spread now: Injective against Nado−0.191%49s7-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 −$4 a day on $10k at the current rate, and Injective is 0.191% cheaper against Nado than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | Nado MON-PERP | 0.02508 | 0.0100 | pay 0.0013% / 1h | 18m 01s | $393K | $578K | 10x |
| Short | Injective MON/USDC PERP | 0.02503 | −0.0032 | pay 0.0004% / 1h | 18m 01s | $5K | $111 | 5.5x |
Nado MON-PERP
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Nado. 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
- −$27.63
- Price spread: −0.191% → 0.000%
- −$19.12
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$53.77
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 20 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 Nado live order book, 20 min ago | 2.20 bp | 11.0 bp −$11 | 1921.1 bp −$19.2K | 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 | −0.0032% | 1h | 0.02503 | −0.191% | $5K | $111 | 5.5x | |
| Phoenix MON | 0.0000% | 1h | 0.02497 | −0.418% | $13K | $349K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02505 | −0.111% | $122K | $2.2M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02504 | −0.135% | $73K | $138K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02505 | −0.111% | $803K | $785K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02503 | −0.177% | $8K | $42 | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02502 | −0.249% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02499 | −0.346% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02504 | −0.139% | $139K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02503 | −0.191% | $23.8M | $27.6M | 75x | as long as short |
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | +0.0100% | 8h | 0.02502 | −0.227% | $20.8M | $13.9M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02502 | −0.231% | $4.2M | $6.2M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02503 | −0.191% | $938K | $1.1M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02505 | −0.111% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02503 | −0.191% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02505 | −0.111% | $109K | $157K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02492 | −0.627% | $740K | $410K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02493 | −0.570% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02497 | −0.430% | $556K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02497 | −0.430% | $68K | $540K | 50x | as long as short |
| Nado MON-PERPlong | +0.0100% | 1h | 0.02508 | long leg | $393K | $578K | 10x | |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02504 | −0.151% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02504 | −0.151% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | −0.324% | $103K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02507 | −0.037% | $47K | $314K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02503 | −0.203% | $38K | — | 3x | as long as short |
| Hyperliquid MON | +0.0157% | 1h | 0.02507 | −0.028% | $33.9M | $7.8M | 5x | as long as short |
| 01 Exchange MONUSD | +0.0208% | 1h | 0.02505 | −0.103% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02503 | −0.195% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02506 | −0.072% | $1.3M | $334K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0604% | 1h | 0.02501 | −0.279% | $4K | $102K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0680% | 1h | 0.02515 | +0.279% | $111K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1203% | 1h | 0.02506 | −0.076% | $269K | $118K | 10x | as long as short |
Bybit MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
Hyperliquid MON
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD