MON

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0308%/8h= +33.7% APRnext payment +$0.38 per $10,000 · paid last 24h +0.123%

Price spread now: Coinbase International against Hyperliquid−0.267%49s7-day average +0.403% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.776%+$78 on $10k

Price spread, last 4 days (all we have)+0.830%+$83 · spread now −0.267%, 7d avg +0.403%

Together, before fees+1.606%+ Points / potential airdropHyperliquid: Season 2 · farm board+$161 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.670% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.267% now, against its 7-day average of +0.403%). If the spread goes back, that is −$67 on $10k: about 7.3 days of funding at the current rate (+$9 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MON	0.02510	0.0100	pay 0.0013% / 1h	50m 23s	$33.9M	$7.4M	5x
Short	Coinbase International MON-PERP-INTX	0.02504	0.0408	get 0.0051% / 1h	50m 23s	$109K	$57K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.267%Rate

Funding earned: $64.68
Price spread: −0.267% → +0.403%: −$67.02
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.34
Costs to cover: 0.190%
Break-even: 9.3 days

Slippage unknown: Hyperliquid: live order book, 3 min ago; Coinbase International: live order book, 7 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 Hyperliquid live order book, 3 min ago	1.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 7 min ago	19.71 bp	25.1 bp −$25	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
Backpack MON_USDC_PERP	−0.0407%	1h	0.02511	+0.052%	$111K	$151K	10x	as long as short
01 Exchange MONUSD	−0.0376%	1h	0.02502	−0.307%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02517	+0.271%	$5K	$109	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0148%	1h	0.02510	−0.004%	$70K	$128K	25x	as long as short
Bybit MONUSDT	−0.0142%	8h	0.02505	−0.199%	$20.6M	$13.2M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02520	+0.394%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02509	−0.044%	$107K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0078%	4h	0.02508	−0.088%	$16K	$41K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02508	−0.083%	$8K	$42	5x	as long as short
Variational Omni MON	+0.0095%	8h	0.02507	−0.145%	$743K	$407K	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02508	−0.088%	$836K	$735K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02510	−0.020%	$425K	$553K	10x	as long as short
Hyperliquid MONlong	+0.0100%	1h	0.02510	long leg	$33.9M	$7.4M	5x
Aster MONUSDT	+0.0100%	4h	0.02512	+0.087%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02512	+0.067%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02510	−0.008%	$139K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02506	−0.163%	$23.8M	$26.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02506	−0.167%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02515	+0.179%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02508	−0.088%	$949K	$968K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02508	−0.088%	$2.8M	$746K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02510	−0.008%	$2.7M	$2.1M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02514	+0.162%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02516	+0.231%	$563K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02517	+0.271%	$68K	$505K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02508	−0.088%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02509	−0.047%	$52K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02508	−0.084%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02510	+0.004%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0276%	1h	0.02516	+0.243%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02511	+0.032%	$1.3M	$325K	75x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0408%	1h	0.02504	−0.267%	$109K	$57K	50x
Kraken Futures PF_MONUSD	+0.0542%	1h	0.02511	+0.051%	$269K	$116K	10x	as long as short