MON

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0928%/8h= −101.6% APRnext payment −$1.16 per $10,000 · paid last 24h −0.204%

Price spread now: Injective against Kraken Futures+0.351%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Injective

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

The price spread pays, funding is against you. Injective is 0.351% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.351% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02514	0.0725	pay 0.0091% / 1h	22m 49s	$270K	$113K	10x
Short	Injective MON/USDC PERP	0.02523	−0.0203	pay 0.0025% / 1h	22m 49s	$5K	$112	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +0.351%Rate

Funding earned: −$194.88
Price spread: +0.351% → 0.000%: $35.12
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$169.78
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 30 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 30 min ago	13.81 bp	27.9 bp −$28	7933.6 bp −$79.3K	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Injective MON/USDC PERPshort	−0.0203%	1h	0.02523	+0.351%	$5K	$112	5.5x
Bybit MONUSDT	−0.0005%	8h	0.02506	−0.325%	$20.6M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02518	+0.172%	$12K	$358K	5x	as long as short
Backpack MON_USDC_PERP	+0.0056%	1h	0.02512	−0.078%	$110K	$151K	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0069%	1h	0.02512	−0.094%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0074%	4h	0.02511	−0.126%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02509	−0.206%	$841K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02506	−0.337%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02510	−0.182%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02510	−0.185%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02509	−0.212%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02509	−0.206%	$138K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02507	−0.294%	$23.8M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02507	−0.285%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02511	−0.127%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02510	−0.166%	$938K	$984K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02515	+0.033%	$2.9M	$761K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02509	−0.206%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02520	+0.213%	$747K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02522	+0.316%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	+0.232%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02523	+0.351%	$68K	$521K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02514	−0.020%	$408K	$586K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02511	−0.126%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02512	−0.080%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02511	−0.126%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0216%	1h	0.02510	−0.174%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02511	−0.126%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02517	+0.113%	$1.3M	$345K	75x	as long as short
Aftermath Perps MONUSD	+0.0353%	1h	0.02519	+0.197%	$2K	$74K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+0.630%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02513	−0.058%	$114K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSDlong	+0.0725%	1h	0.02514	long leg	$270K	$113K	10x