Funding you earn now, next payment 23:00 UTC−0.0380%/8h= −41.6% APRnext payment −$0.48 per $10,000 · paid last 24h −0.101%
Price spread now: Hyperliquid against Coinbase International−1.932%7-day average −0.362% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.758%−$76 on $10k
+Price spread, last 3 days (all we have)+1.472%+$147 · spread now −1.932%, 7d avg −0.362%
=Together, before fees+0.713%+ Points / potential airdropHyperliquid: Season 2 · farm board+$71 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Hyperliquid is 1.570% cheaper against Coinbase International than usual: you would sell low and buy high (−$157 if the spread goes back to its 7-day average of −0.362%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MON-PERP-INTX | 0.02609 | 0.0480 | pay 0.0060% / 1h | 5m 08s | $115K | $50K | 50x |
| Short | Hyperliquid MON | 0.02559 | 0.0100 | get 0.0013% / 1h | 5m 08s | $34.6M | $7.6M | 5x |
Coinbase International MON-PERP-INTX
Hyperliquid MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- −$79.8
- Price spread: −1.932% → −0.362%
- −$156.95
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$255.75
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 8 min ago; Hyperliquid: live order book, 8 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 Coinbase International live order book, 8 min ago | 36.15 bp | 130.6 bp −$131 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.98 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.02559 | −1.913% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02555 | −2.058% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0033% | 8h | 0.02554 | −2.093% | $21.1M | $12.1M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02558 | −1.970% | $13K | $360K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02557 | −1.986% | $69K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02555 | −2.066% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02557 | −1.989% | $849K | $794K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02555 | −2.055% | $8K | $42 | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0100% | 1h | 0.02558 | −1.946% | $3K | $75K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02560 | −1.880% | $390K | $541K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Aftermath Perps MONUSD
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 | 0.02559 | −1.932% | $34.6M | $7.6M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02558 | −1.960% | $106K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02557 | −1.978% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02558 | −1.959% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02557 | −1.989% | $24.4M | $25.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02554 | −2.104% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −2.067% | $107K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02557 | −1.989% | $975K | $913K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02558 | −1.951% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02556 | −2.012% | $127K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02554 | −2.098% | $772K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02555 | −2.065% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02560 | −1.875% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02557 | −1.989% | $68K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02556 | −2.028% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02559 | −1.926% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02556 | −2.028% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0248% | 4h | 0.02560 | −1.874% | $3.0M | $719K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02557 | −1.993% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02554 | −2.104% | $1.3M | $306K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0422% | 1h | 0.02560 | −1.879% | $269K | $78K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02558 | −1.963% | $125K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTXlong | +0.0480% | 1h | 0.02609 | long leg | $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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Perpl MON