MON

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h +0.109%

Price spread now: Hyperliquid against Injective−0.226%73s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.226% cheaper against Injective than usual: you would sell low and buy high (spread −0.226% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 2.7 days of funding at the current rate (+$8 a day). The two prices were read 73 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	Injective MON/USDC PERP	0.02517	−0.0176	get 0.0022% / 1h	52m 01s	$5K	$109	5.5x
Short	Hyperliquid MON	0.02511	0.0100	get 0.0013% / 1h	52m 01s	$34.0M	$7.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. 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 InjectivebpFee HyperliquidbpOrdersPrice spread, now −0.226%Rate

Funding earned: $57.92
Price spread: −0.226% → 0.000%: −$22.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $26.26
Costs to cover: 0.090%
Break-even: 3.8 days

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	1.39 bp	13.3 bp −$13	doesn't fit	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	−0.0362%	1h	0.02511	−0.222%	$111K	$151K	10x	as long as short
01 Exchange MONUSD	−0.0256%	1h	0.02507	−0.405%	$6K	$1K	5x	as long as short
Injective MON/USDC PERPlong	−0.0176%	1h	0.02517	long leg	$5K	$109	5.5x
Bybit MONUSDT	−0.0127%	8h	0.02509	−0.326%	$20.6M	$13.2M	50x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0068%	1h	0.02512	−0.215%	$68K	$126K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02520	+0.123%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02513	−0.143%	$108K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0082%	4h	0.02512	−0.199%	$16K	$41K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02512	−0.199%	$837K	$735K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02510	−0.270%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02515	−0.090%	$410K	$542K	10x	as long as short
Hyperliquid MONshort	+0.0100%	1h	0.02511	−0.226%	$34.0M	$7.4M	5x
Aster MONUSDT	+0.0100%	4h	0.02516	−0.040%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02516	−0.030%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02515	−0.079%	$139K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02509	−0.318%	$23.9M	$26.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02508	−0.358%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02515	−0.092%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02513	−0.159%	$951K	$968K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02516	−0.040%	$2.8M	$746K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02513	−0.159%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	+0.162%	$748K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02517	+0.013%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02519	+0.060%	$563K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02517	0.000%	$68K	$505K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02510	−0.278%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02511	−0.229%	$52K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02509	−0.310%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02512	−0.215%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0271%	1h	0.02519	+0.075%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02515	−0.079%	$1.3M	$325K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02505	−0.481%	$109K	$57K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0541%	1h	0.02516	−0.026%	$268K	$113K	10x	as long as short