Funding you earn now, next payment 00:00 UTC−0.0283%/8h= −31.0% APRnext payment −$1.41 per $10,000 · paid last 24h −0.057%
Price spread now: Orderly against KuCoin−0.425%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Orderly is 0.425% cheaper against KuCoin than usual: you would sell low and buy high (−$43 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MONUSDTM | 0.02587 | 0.0358 | pay 0.0179% / 4h | 1h 48m | $3.2M | $764K | 75x |
| Short | Orderly PERP_MON_USDC | 0.02576 | 0.0075 | get 0.0037% / 4h | 1h 48m | $17K | $64K | 10x |
KuCoin MONUSDTM
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against KuCoin. 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
- −$59.43
- Price spread: −0.425% → 0.000%
- −$42.52
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$119.95
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 3 min ago; Orderly: 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 KuCoin live order book, 3 min ago | 1.93 bp | 31.6 bp −$32 | 679.7 bp −$6,797 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0128% | 1h | 0.02579 | −0.317% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02582 | −0.193% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0035% | 8h | 0.02577 | −0.387% | $21.5M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02580 | −0.286% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02579 | −0.294% | $144K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02578 | −0.356% | $70K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0039% | 1h | 0.02585 | −0.083% | $2K | $74K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0070% | 8h | 0.02577 | −0.372% | $8K | $42 | 5x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0075% | 4h | 0.02576 | −0.425% | $17K | $64K | 10x | |
| Lighter MON | +0.0096% | 1h | 0.02580 | −0.271% | $846K | $763K | 10x | as long as short |
01 Exchange MONUSD
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02581 | −0.214% | $392K | $533K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02581 | −0.216% | $34.9M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02579 | −0.290% | $108K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02580 | −0.278% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02579 | −0.309% | $142K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02579 | −0.309% | $24.5M | $24.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02577 | −0.387% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02580 | −0.271% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02578 | −0.348% | $1.0M | $862K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02579 | −0.309% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02572 | −0.569% | $777K | $410K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02577 | −0.375% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02581 | −0.236% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02582 | −0.193% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02577 | −0.387% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02581 | −0.213% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02577 | −0.367% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0173% | 1h | 0.02581 | −0.222% | $266K | $70K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02579 | −0.325% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02580 | −0.271% | $1.4M | $293K | 75x | as long as short |
| KuCoin MONUSDTMlong | +0.0358% | 4h | 0.02587 | long leg | $3.2M | $764K | 75x | |
| Backpack MON_USDC_PERP | +0.0415% | 1h | 0.02579 | −0.313% | $138K | $136K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +0.761% | $114K | $49K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Backpack MON_USDC_PERP
Coinbase International MON-PERP-INTX