Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.006%
Price spread now: Bybit against Orderly−0.127%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.076%−$8 on $10k
+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 −$3 a day on $10k at the current rate, and Bybit is 0.127% cheaper against Orderly than usual: you would sell low and buy high (−$13 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 | Orderly PERP_MON_USDC | 0.02513 | 0.0083 | pay 0.0041% / 4h | 2h 13m | $16K | $48K | 10x |
| Short | Bybit MONUSDT | 0.02510 | −0.0006 | pay 0.0006% / 8h | 2h 13m | $20.6M | $13.7M | 50x |
Orderly PERP_MON_USDC
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- −$18.63
- Price spread: −0.127% → 0.000%
- −$12.73
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$48.36
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, just now. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, just now | 1.99 bp | 10.5 bp −$10 | 58.5 bp −$585 | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0097% | 1h | 0.02514 | +0.056% | $114K | $154K | 10x | as long as short |
| Bybit MONUSDTshort | −0.0006% | 8h | 0.02510 | −0.127% | $20.6M | $13.7M | 50x | |
| Phoenix MON | 0.0000% | 1h | 0.02499 | −0.541% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02513 | −0.020% | $74K | $135K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02512 | −0.044% | $7K | $2K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02506 | −0.279% | $5K | $114 | 5.5x | as long as short |
| Aftermath Perps MONUSD | +0.0057% | 1h | 0.02500 | −0.507% | $5K | $94K | 10x | as long as short |
| Orderly PERP_MON_USDClong | +0.0083% | 4h | 0.02513 | long leg | $16K | $48K | 10x | |
| Lighter MON | +0.0096% | 1h | 0.02512 | −0.040% | $818K | $768K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02510 | −0.104% | $8K | $42 | 5x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Injective MON/USDC PERP
Aftermath Perps MONUSD
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02514 | +0.024% | $412K | $571K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02513 | +0.008% | $33.7M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02513 | −0.012% | $100K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02511 | −0.064% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02513 | −0.008% | $139K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02511 | −0.078% | $23.8M | $27.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02510 | −0.119% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02479 | −1.333% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02512 | −0.040% | $942K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02513 | 0.000% | $2.9M | $765K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02513 | 0.000% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02503 | −0.414% | $739K | $410K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02505 | −0.323% | $41K | $252K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02508 | −0.199% | $557K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02507 | −0.239% | $68K | $530K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02511 | −0.080% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02515 | +0.061% | $47K | $283K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02511 | −0.064% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02513 | −0.016% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02510 | −0.119% | $1.3M | $347K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02512 | −0.024% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02515 | +0.060% | $110K | $56K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1012% | 1h | 0.02514 | +0.050% | $270K | $119K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD