Funding you earn now, next payment 01:00 UTC−0.0512%/8h= −56.0% APRpaid last 24h −0.006%
Price spread now: Injective against Orderly−0.039%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 0.039% cheaper against Orderly than usual: you would sell low and buy high (−$4 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 | 0.02577 | 0.0068 | pay 0.0034% / 4h | 3h 34m | $17K | $64K | 10x |
| Short | Injective MON/USDC PERP | 0.02576 | −0.0444 | pay 0.0055% / 1h | 34m 45s | $6K | $107 | 5.5x |
Orderly PERP_MON_USDC
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$107.48
- Price spread: −0.039% → 0.000%
- −$3.88
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$117.38
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and 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 | −0.0444% | 1h | 0.02576 | −0.039% | $6K | $107 | 5.5x | |
| Phoenix MON | 0.0000% | 1h | 0.02581 | +0.167% | $13K | $351K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02578 | +0.054% | $70K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDClong | +0.0068% | 4h | 0.02577 | long leg | $17K | $64K | 10x | |
| 01 Exchange MONUSD | +0.0080% | 1h | 0.02578 | +0.050% | $6K | $1K | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02580 | +0.116% | $859K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02579 | +0.073% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02583 | +0.229% | $394K | $537K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02583 | +0.225% | $35.1M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02579 | +0.068% | $107K | $231K | 10x | as long as short |
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
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 | 0.02578 | +0.020% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02581 | +0.136% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02579 | +0.078% | $24.7M | $25.7M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02577 | 0.000% | $21.4M | $12.2M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02576 | −0.039% | $4.3M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02575 | −0.078% | $106K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02579 | +0.078% | $983K | $904K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02581 | +0.155% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02579 | +0.081% | $128K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02581 | +0.159% | $780K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02581 | +0.156% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02578 | +0.040% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02577 | 0.000% | $69K | $484K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02578 | +0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02582 | +0.204% | $51K | $507K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02578 | +0.039% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0138% | 1h | 0.02578 | +0.032% | $4K | $76K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0146% | 4h | 0.02582 | +0.194% | $3.0M | $726K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02577 | +0.016% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02576 | −0.039% | $1.4M | $308K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02576 | −0.047% | $185K | $2.0M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0463% | 1h | 0.02581 | +0.173% | $271K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02587 | +0.396% | $113K | $50K | 50x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
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
Aftermath Perps MONUSD
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX