Funding you earn now, next payment 05:14 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.012%
Price spread now: Aster against Perpl−0.071%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.071%, 7d avg −0.020%
=Together, before fees−0.064%+ Points / potential airdropPerpl: Active · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.051% cheaper against Perpl than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.152% in total (about -10.0% 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 | Perpl MON | 0.02507 | 0.0447 | pay 0.0040% / 43m | 39m 31s | $114K | $2.2M | 10x |
| Short | Aster MONUSDT | 0.02506 | 0.0100 | get 0.0050% / 4h | 2h 16m | $99K | $221K | 10x |
Perpl MON
Aster MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Perpl. 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
- −$72.77
- Price spread: −0.071% → −0.020%
- −$5.09
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$99.65
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Aster: live order book, 30 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 30 min ago | 14.04 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
Perpl: 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 | −0.0107% | 1h | 0.02505 | −0.084% | $114K | $154K | 10x | as long as short |
| Bybit MONUSDT | −0.0011% | 8h | 0.02503 | −0.171% | $20.6M | $13.7M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02499 | −0.315% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02504 | −0.136% | $74K | $135K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02507 | −0.032% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02489 | −0.730% | $5K | $113 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02504 | −0.132% | $16K | $48K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0090% | 1h | 0.02493 | −0.586% | $6K | $92K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02504 | −0.132% | $816K | $767K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02503 | −0.165% | $8K | $42 | 5x | as long as short |
Backpack MON_USDC_PERP
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Injective MON/USDC PERP
Orderly PERP_MON_USDC
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 | 0.02509 | +0.060% | $411K | $571K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02508 | +0.044% | $33.6M | $7.6M | 5x | as long as short |
| Aster MONUSDTshort | +0.0100% | 4h | 0.02506 | −0.071% | $99K | $221K | 10x | |
| dYdX MON-USD | +0.0100% | 1h | 0.02503 | −0.173% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02504 | −0.132% | $138K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02504 | −0.132% | $23.8M | $27.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02504 | −0.132% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02479 | −1.109% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02504 | −0.132% | $939K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02510 | +0.108% | $2.9M | $764K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02506 | −0.052% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02488 | −0.787% | $733K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02489 | −0.746% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02502 | −0.211% | $556K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02501 | −0.251% | $68K | $530K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02503 | −0.171% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02506 | −0.059% | $47K | $283K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02503 | −0.168% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02503 | −0.175% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02506 | −0.052% | $1.3M | $347K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02507 | long leg | $114K | $2.2M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02512 | +0.183% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1015% | 1h | 0.02507 | −0.017% | $269K | $119K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
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
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD