Funding you earn now, next payment 00:12 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.031%
Price spread now: Bulk against Perpl−1.333%7-day average −0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.066%−$7 on $10k
+Price spread, last 3 days (all we have)+0.922%+$92 · spread now −1.333%, 7d avg −0.067%
=Together, before fees+0.857%+ Points / potential airdropPerpl: Active · farm board+$86 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 Bulk is 1.265% cheaper against Perpl than usual: you would sell low and buy high (−$127 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -6.9% 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 | 0.02595 | 0.0447 | pay 0.0040% / 43m | 30m 04s | $120K | $2.1M | 10x |
| Short | Bulk MON-USD | 0.02560 | 0.0100 | get 0.0013% / 1h | 8m 04s | $106K | $4K | 10x |
Perpl MON
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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: −1.333% → −0.067%
- −$126.52
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$220.09
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Bulk: live order book, 1 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 Bulk live order book, 1 min ago | 19.27 bp | 22.8 bp −$23 | 43.4 bp −$434 | 135.2 bp −$13.5K | 807.8 bp −$403.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0444% | 1h | 0.02570 | −0.963% | $6K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02599 | +0.162% | $14K | $351K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02594 | −0.054% | $70K | $119K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02592 | −0.123% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0063% | 4h | 0.02592 | −0.116% | $17K | $59K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0092% | 8h | 0.02590 | −0.204% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02595 | 0.000% | $864K | $755K | 10x | as long as short |
| Bybit MONUSDT | +0.0099% | 8h | 0.02591 | −0.154% | $21.6M | $12.2M | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02599 | +0.150% | $401K | $523K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02597 | +0.069% | $35.4M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Bybit MONUSDT
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02595 | −0.017% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02595 | +0.006% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02595 | +0.004% | $144K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02592 | −0.121% | $24.8M | $25.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02589 | −0.231% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02560 | −1.333% | $106K | $4K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02592 | −0.116% | $977K | $931K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02599 | +0.154% | $3.0M | $728K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02593 | −0.077% | $2.8M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02593 | −0.077% | $129K | $142K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02593 | −0.094% | $780K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02595 | −0.014% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02600 | +0.194% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02593 | −0.077% | $69K | $487K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02593 | −0.077% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02598 | +0.124% | $50K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02592 | −0.116% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0208% | 1h | 0.02592 | −0.097% | $4K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02593 | −0.066% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02600 | +0.193% | $1.4M | $310K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02595 | long leg | $120K | $2.1M | 10x | |
| Kraken Futures PF_MONUSD | +0.0460% | 1h | 0.02597 | +0.058% | $273K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02608 | +0.509% | $114K | $52K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
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
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX