Funding you earn now, next payment 08:07 UTC+0.0347%/8h= +37.9% APRpaid last 24h +0.012%
Price spread now: Perpl against Variational Omni+0.092%7-day average +0.155% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.092%, 7d avg +0.155%
=Together, before fees+0.279%+ Points / potential airdropVariational Omni: Active · Perpl: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Perpl is 0.063% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.092% now, against its 7-day average of +0.155%). If the spread goes back, that is −$6 on $10k: about 15 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.120% in total) that is about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.120% in total (about 11.9% 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 | Variational Omni MON | 0.02508 | 0.0100 | pay 0.0100% / 8h | 7h 53m | $745K | $408K | — |
| Short | Perpl MON | 0.02510 | 0.0447 | get 0.0040% / 43m | 0m 15s | $119K | $2.2M | 10x |
Variational Omni MON
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against Variational Omni. 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: +0.092% → +0.155%
- −$6.31
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $52.65
- Costs to cover
- 0.138%
- Break-even
- 1.9 days
Slippage unknown: Variational Omni: RFQ quote, 46 min ago; Perpl: no order-book sample. 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 Variational Omni RFQ quote, 46 min ago | 13.96 bp | doesn't fit | 117.7 bp −$1,177 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
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 | −0.0358% | 1h | 0.02505 | −0.107% | $109K | $157K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −0.123% | $5K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02506 | −0.075% | $13K | $346K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0029% | 1h | 0.02512 | +0.144% | $73K | $137K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02512 | +0.156% | $807K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02508 | +0.010% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02513 | +0.216% | $394K | $573K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02513 | +0.204% | $33.9M | $7.8M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02509 | +0.035% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02507 | −0.040% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02511 | +0.112% | $139K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02510 | +0.062% | $23.9M | $27.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02508 | −0.003% | $20.9M | $13.9M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02509 | +0.036% | $4.2M | $6.2M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02509 | +0.036% | $939K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02511 | +0.116% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02513 | +0.196% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MONlong | +0.0100% | 8h | 0.02508 | long leg | $745K | $408K | — | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02504 | −0.174% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02509 | +0.036% | $559K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02507 | −0.043% | $68K | $543K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02510 | +0.076% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02511 | +0.116% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | −0.123% | $103K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02513 | +0.202% | $60K | $328K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02510 | +0.096% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0184% | 1h | 0.02511 | +0.124% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02510 | +0.088% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02510 | +0.076% | $1.3M | $334K | 75x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02510 | +0.092% | $119K | $2.2M | 10x | |
| Aftermath Perps MONUSD | +0.0469% | 1h | 0.02509 | +0.036% | $5K | $103K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02519 | +0.439% | $111K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0796% | 1h | 0.02514 | +0.232% | $270K | $118K | 10x | as long as short |
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD