Funding you earn now, next payment 09:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.006%
Price spread now: Bybit against Injective+1.385%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 1.385% dearer against Injective than usual: you sell high and buy low: +$139 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MON/USDC PERP | 0.02505 | −0.0089 | get 0.0011% / 1h | 13m 00s | $5K | $108 | 5.5x |
| Short | Bybit MONUSDT | 0.02540 | 0.0100 | get 0.0100% / 8h | 7h 13m | $21.2M | $13.5M | 50x |
Injective MON/USDC PERP
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $39.63
- Price spread: +1.385% → 0.000%
- $138.52
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $167.13
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 1 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 1.97 bp | 17.4 bp −$17 | 61.5 bp −$615 | doesn't fit | doesn't fit |
Injective: 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 | −0.0135% | 1h | 0.02544 | +1.569% | $113K | $149K | 10x | as long as short |
| Injective MON/USDC PERPlong | −0.0089% | 1h | 0.02505 | long leg | $5K | $108 | 5.5x | |
| Phoenix MON | 0.0000% | 1h | 0.02536 | +1.226% | $13K | $346K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02542 | +1.481% | $74K | $133K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02545 | +1.597% | $820K | $772K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02542 | +1.496% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02547 | +1.673% | $393K | $563K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02546 | +1.633% | $34.4M | $6.8M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02544 | +1.567% | $101K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02546 | +1.651% | $13K | — | 5x | as long as short |
Backpack 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 | 0.02547 | +1.685% | $141K | $90K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02542 | +1.477% | $24.4M | $26.9M | 75x | as long as short |
| Bybit MONUSDTshort | +0.0100% | 8h | 0.02540 | +1.385% | $21.2M | $13.5M | 50x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02542 | +1.477% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | +0.998% | $104K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02544 | +1.557% | $973K | $1.1M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02545 | +1.597% | $2.9M | $758K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02545 | +1.597% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02538 | +1.323% | $754K | $378K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02536 | +1.218% | $42K | $252K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02538 | +1.317% | $575K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02535 | +1.198% | $69K | $547K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02542 | +1.477% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02541 | +1.437% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02546 | +1.619% | $58K | $326K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02542 | +1.497% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0160% | 1h | 0.02545 | +1.613% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02542 | +1.493% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02543 | +1.517% | $1.3M | $376K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02543 | +1.521% | $118K | $2.1M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0561% | 1h | 0.02533 | +1.136% | $4K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02553 | +1.908% | $113K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0786% | 1h | 0.02546 | +1.627% | $273K | $118K | 10x | as long as short |
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
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD