MON

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0988%/8h= +108.2% APRnext payment +$1.24 per $10,000 · paid last 24h +0.211%

Price spread now: Kraken Futures against Injective−0.468%7-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 Kraken Futures

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—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.468% cheaper against Injective than usual: you would sell low and buy high (spread −0.468% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 38 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MON/USDC PERP	0.02489	0.0039	pay 0.0005% / 1h	29m 13s	$5K	$113	5.5x
Short	Kraken Futures PF_MONUSD	0.02477	0.1027	get 0.0128% / 1h	29m 13s	$266K	$119K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.468%Rate

Funding earned: $207.52
Price spread: −0.468% → 0.000%: −$46.79
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $150.72
Costs to cover: 0.100%
Break-even: 1.9 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 18 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 Kraken Futures live order book, 18 min ago	20.01 bp	32.2 bp −$32	439.2 bp −$4,392	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	−0.0125%	1h	0.02475	−0.546%	$115K	$155K	10x	as long as short
Bybit MONUSDT	−0.0011%	8h	0.02474	−0.619%	$20.3M	$13.6M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02476	−0.522%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02476	−0.506%	$73K	$136K	25x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02480	−0.358%	$6K	$1K	5x	as long as short
Injective MON/USDC PERPlong	+0.0039%	1h	0.02489	long leg	$5K	$113	5.5x
Orderly PERP_MON_USDC	+0.0083%	4h	0.02476	−0.522%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02474	−0.603%	$815K	$755K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02474	−0.614%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02480	−0.342%	$410K	$569K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02479	−0.418%	$33.2M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02477	−0.494%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02478	−0.436%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02476	−0.522%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02475	−0.571%	$23.5M	$27.3M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02473	−0.643%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02475	−0.562%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02477	−0.482%	$927K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02480	−0.362%	$2.8M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02476	−0.522%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02473	−0.658%	$732K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02473	−0.642%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02478	−0.442%	$558K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02477	−0.482%	$67K	$527K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02474	−0.603%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02477	−0.482%	$47K	$288K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02474	−0.591%	$37K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02478	−0.446%	$6K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0235%	1h	0.02480	−0.343%	$5K	$81K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02474	−0.603%	$1.3M	$346K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02479	−0.402%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.647%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSDshort	+0.1027%	1h	0.02477	−0.468%	$266K	$119K	10x