Funding you earn now, next payment 01:38 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.114%
Price spread now: Hyperliquid against Perpl−0.067%7-day average +0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days−0.173%−$17 · spread now −0.067%, 7d avg +0.029%
=Together, before fees−0.204%+ Points / potential airdropPerpl: Active · Hyperliquid: Season 2 · farm board−$20 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 Hyperliquid is 0.096% cheaper against Perpl than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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 | 0.02534 | 0.0447 | pay 0.0040% / 43m | 28m 18s | $106K | $2.3M | 10x |
| Short | Hyperliquid MON | 0.02532 | 0.0100 | get 0.0013% / 1h | 40m 18s | $34.3M | $7.4M | 5x |
Perpl MON
Hyperliquid MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: −0.067% → +0.029%
- −$9.6
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$105.17
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Hyperliquid: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 0.98 bp | 10.1 bp −$10 | 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 | −0.0316% | 1h | 0.02528 | −0.225% | $13K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0266% | 1h | 0.02531 | −0.118% | $114K | $152K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02531 | −0.122% | $5K | $106 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0148% | 8h | 0.02527 | −0.280% | $20.7M | $12.9M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0048% | 1h | 0.02534 | +0.012% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02531 | −0.110% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0077% | 4h | 0.02531 | −0.122% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02534 | −0.004% | $844K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02533 | −0.054% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02535 | +0.045% | $409K | $540K | 10x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MONshort | +0.0100% | 1h | 0.02532 | −0.067% | $34.3M | $7.4M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02534 | −0.002% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02532 | −0.091% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02532 | −0.075% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02530 | −0.148% | $24.1M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02528 | −0.241% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | −0.162% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02531 | −0.122% | $947K | $917K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02535 | +0.036% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02532 | −0.083% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02524 | −0.418% | $750K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02536 | +0.087% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02537 | +0.120% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02537 | +0.114% | $68K | $501K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02530 | −0.162% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02532 | −0.098% | $50K | $521K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02530 | −0.150% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02530 | −0.166% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0266% | 1h | 0.02533 | −0.048% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02526 | −0.320% | $1.3M | $307K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02534 | long leg | $106K | $2.3M | 10x | |
| Kraken Futures PF_MONUSD | +0.0491% | 1h | 0.02535 | +0.016% | $270K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02542 | +0.304% | $111K | $52K | 50x | as long as short |
Aster MONUSDT
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]
Aftermath Perps MONUSD
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX