Funding you earn now, next payment 05:57 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.066%
Price spread now: Backpack against Perpl+0.112%7-day average −0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.527%+$53 on $10k
+Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.112%, 7d avg −0.022%
=Together, before fees+0.228%+ Points / potential airdropPerpl: Active · farm board+$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.135% dearer against Perpl than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of −0.022%): +$13 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.527%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl MON | 0.02493 | 0.0447 | pay 0.0040% / 43m | 42m 30s | $114K | $2.2M | 10x |
| Short | Backpack MON_USDC_PERP | 0.02496 | 0.0100 | get 0.0013% / 1h | 36m 30s | $111K | $155K | 10x |
Perpl MON
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack 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: +0.112% → −0.022%
- $13.46
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$83.11
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Backpack: live order book, 7 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 Backpack live order book, 7 min ago | 1.60 bp | 10.7 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | 0.0000% | 1h | 0.02503 | +0.405% | $13K | $353K | 5x | as long as short |
| Bybit MONUSDT | +0.0058% | 8h | 0.02491 | −0.072% | $20.5M | $13.7M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0086% | 4h | 0.02493 | +0.008% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02494 | +0.048% | $800K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02491 | −0.076% | $7K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02495 | +0.096% | $396K | $572K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02494 | +0.040% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02494 | +0.061% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02493 | +0.008% | $138K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02492 | −0.032% | $23.7M | $27.5M | 75x | as long as short |
Phoenix MON
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02492 | −0.032% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | +0.289% | $103K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02492 | −0.032% | $933K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02498 | +0.209% | $2.8M | $762K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02492 | −0.032% | $2.7M | $2.2M | 25x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0100% | 1h | 0.02496 | +0.112% | $111K | $155K | 10x | |
| Variational Omni MON | +0.0100% | 8h | 0.02496 | +0.111% | $741K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02493 | +0.010% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02500 | +0.289% | $555K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02498 | +0.209% | $68K | $534K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02496 | +0.128% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02495 | +0.071% | $48K | $266K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02496 | +0.108% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02503 | +0.409% | $5K | $110 | 5.5x | as long as short |
| Aftermath Perps MONUSD | +0.0218% | 1h | 0.02496 | +0.132% | $6K | $98K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02492 | −0.040% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0240% | 1h | 0.02492 | −0.032% | $7K | $2K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02498 | +0.209% | $1.3M | $348K | 75x | as long as short |
| Hyperliquid MON | +0.0401% | 1h | 0.02493 | +0.012% | $33.7M | $7.8M | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0431% | 1h | 0.02497 | +0.185% | $73K | $135K | 25x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02493 | long leg | $114K | $2.2M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02508 | +0.618% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0845% | 1h | 0.02500 | +0.294% | $269K | $118K | 10x | as long as short |
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
Injective MON/USDC PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
BloFin MON-USDT
Hyperliquid MON
Deribit MON_USDC-PERPETUAL
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD