Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.7% APRpaid last 24h +0.251%
Price spread now: Coinbase International against Perpl+1.533%7-day average +0.456% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.737%+$74 on $10k
+Price spread, last 3 days (all we have)−1.074%−$107 · spread now +1.533%, 7d avg +0.456%
=Together, before fees−0.337%+ Points / potential airdropPerpl: Active · farm board−$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 1.077% dearer against Perpl than usual: you sell high and buy low: +$108 more if the spread goes back to its 7-day average of +0.456%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl MON | 0.02569 | 0.0447 | pay 0.0040% / 43m | 22m 58s | $125K | $1.8M | 10x |
| Short | Coinbase International MON-PERP-INTX | 0.02609 | 0.0480 | get 0.0060% / 1h | 26m 58s | $115K | $50K | 50x |
Perpl MON
Coinbase International MON-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $7.03
- Price spread: +1.533% → +0.456%
- $107.75
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $90.98
- Costs to cover
- 0.238%
- Break-even
- from the start
Slippage unknown: Perpl: no order-book sample; Coinbase International: live order book, 51 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 Coinbase International live order book, 51 min ago | 15.92 bp | 20.9 bp −$21 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0121% | 1h | 0.02576 | +0.253% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0072% | 1h | 0.02569 | 0.000% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0032% | 8h | 0.02568 | −0.058% | $21.3M | $12.1M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02572 | +0.086% | $13K | $360K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02570 | +0.023% | $69K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0068% | 4h | 0.02568 | −0.058% | $17K | $64K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0085% | 1h | 0.02573 | +0.153% | $2K | $75K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02567 | −0.086% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02571 | +0.058% | $854K | $793K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02575 | +0.198% | $34.9M | $7.6M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Lighter MON
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02568 | −0.042% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02570 | +0.013% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02569 | −0.031% | $142K | $105K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02569 | −0.010% | $24.5M | $25.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02568 | −0.058% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02570 | +0.019% | $108K | $390 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02568 | −0.058% | $978K | $909K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02571 | +0.058% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02571 | +0.043% | $128K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02568 | −0.050% | $778K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02569 | −0.039% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02573 | +0.136% | $583K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02572 | +0.097% | $69K | $481K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02574 | +0.183% | $392K | $544K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02569 | −0.019% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02576 | +0.251% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02568 | −0.039% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0258% | 4h | 0.02573 | +0.136% | $3.0M | $716K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02569 | −0.019% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02567 | −0.097% | $1.4M | $308K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0420% | 1h | 0.02571 | +0.076% | $270K | $78K | 10x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02569 | long leg | $125K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTXshort | +0.0480% | 1h | 0.02609 | +1.533% | $115K | $50K | 50x |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD