Funding you earn now, next payment 06:00 UTC+0.0935%/8h= +102.4% APRpaid last 24h +0.195%
Price spread now: Kraken Futures against Orderly+0.055%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.654%+$65 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Kraken Futures is 0.055% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.654% in total (about 34.1% 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 | Orderly PERP_MON_USDC | 0.02500 | 0.0083 | pay 0.0041% / 4h | 2h 49m | $16K | $48K | 10x |
| Short | Kraken Futures PF_MONUSD | 0.02501 | 0.1017 | get 0.0127% / 1h | 49m 46s | $269K | $112K | 10x |
Orderly PERP_MON_USDC
Kraken Futures PF_MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $196.31
- Price spread: +0.055% → 0.000%
- $5.49
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $185.8
- Costs to cover
- 0.160%
- Break-even
- 0.4 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 63 min ago. 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 Kraken Futures live order book, 63 min ago | 13.81 bp | 26.9 bp −$27 | 477.5 bp −$4,775 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | 0.0000% | 1h | 0.02498 | −0.096% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02501 | +0.044% | $74K | $136K | 25x | as long as short |
| Bybit MONUSDT | +0.0016% | 8h | 0.02496 | −0.160% | $20.5M | $13.5M | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0019% | 1h | 0.02500 | −0.012% | $110K | $153K | 10x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02496 | −0.160% | $5K | $111 | 5.5x | as long as short |
| Orderly PERP_MON_USDClong | +0.0083% | 4h | 0.02500 | long leg | $16K | $48K | 10x | |
| Lighter MON | +0.0096% | 1h | 0.02500 | 0.000% | $838K | $732K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02497 | −0.106% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02499 | −0.028% | $33.6M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02500 | +0.015% | $100K | $218K | 10x | as long as short |
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Lighter MON
Paradex MON-USD-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 | 0.02500 | −0.001% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02499 | −0.040% | $138K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02498 | −0.080% | $23.7M | $27.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02497 | −0.120% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | 0.000% | $103K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02500 | 0.000% | $934K | $985K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02504 | +0.160% | $2.9M | $762K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02500 | 0.000% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02497 | −0.117% | $740K | $403K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02497 | −0.114% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02499 | −0.040% | $563K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02498 | −0.080% | $68K | $524K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02503 | +0.100% | $406K | $588K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02498 | −0.080% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02499 | −0.039% | $48K | $285K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02500 | −0.012% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0152% | 1h | 0.02502 | +0.092% | $6K | $1K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0259% | 1h | 0.02499 | −0.042% | $2K | $78K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02500 | +0.016% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02497 | −0.120% | $1.3M | $337K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02501 | +0.052% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +1.200% | $110K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.1017% | 1h | 0.02501 | +0.055% | $269K | $112K | 10x |
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
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX