Funding you earn now, next payment 00:00 UTC+0.0201%/8h= +22.0% APRnext payment +$1.00 per $10,000 · paid last 24h +0.057%
Price spread now: KuCoin against Orderly+0.231%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+0.022%+$2 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 +$6 a day on $10k at the current rate, and KuCoin is 0.231% dearer against Orderly than usual: you sell high and buy low: +$23 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 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 per $10,000. 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 | 0.02596 | 0.0067 | pay 0.0034% / 4h | 44m 26s | $17K | $64K | 10x |
| Short | KuCoin MONUSDTM | 0.02602 | 0.0268 | get 0.0134% / 4h | 44m 26s | $3.0M | $715K | 75x |
Orderly PERP_MON_USDC
KuCoin MONUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $42.14
- Price spread: +0.231% → 0.000%
- $23.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $47.25
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 15.37 bp | 39.1 bp −$39 | 444.8 bp −$4,448 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0121% | 1h | 0.02575 | −0.809% | $6K | $106 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0053% | 8h | 0.02596 | 0.000% | $21.5M | $12.0M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0024% | 1h | 0.02600 | +0.146% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02589 | −0.266% | $13K | $360K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02601 | +0.181% | $128K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02598 | +0.069% | $70K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0031% | 1h | 0.02592 | −0.165% | $2K | $75K | 10x | as long as short |
| Orderly PERP_MON_USDClong | +0.0067% | 4h | 0.02596 | long leg | $17K | $64K | 10x | |
| Paradex MON-USD-PERP | +0.0092% | 8h | 0.02598 | +0.091% | $8K | $42 | 5x | as long as short |
| Variational Omni MON | +0.0095% | 8h | 0.02591 | −0.205% | $783K | $408K | — | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Variational Omni MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MON | +0.0096% | 1h | 0.02599 | +0.116% | $863K | $793K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02604 | +0.310% | $397K | $547K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02602 | +0.231% | $35.2M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02598 | +0.096% | $109K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02596 | +0.003% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02599 | +0.116% | $143K | $105K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02598 | +0.085% | $24.7M | $25.2M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02596 | 0.000% | $4.4M | $6.0M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02598 | +0.077% | $988K | $905K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02600 | +0.154% | $2.8M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02597 | +0.027% | $129K | $141K | 10x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02590 | −0.220% | $48K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02590 | −0.231% | $577K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02597 | +0.039% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02596 | 0.000% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02588 | −0.314% | $109K | $3K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02604 | +0.292% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02596 | +0.015% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02597 | +0.050% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTMshort | +0.0268% | 4h | 0.02602 | +0.231% | $3.0M | $715K | 75x | |
| BloFin MON-USDT | +0.0340% | 4h | 0.02595 | −0.039% | $1.3M | $311K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0416% | 1h | 0.02600 | +0.166% | $273K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02609 | +0.497% | $115K | $50K | 50x | as long as short |
Lighter MON
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX