Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h +0.014%
Price spread now: Deribit against Nado−0.075%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 3 days (all we have)+0.039%+$4 on $10k
+Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.075%, 7d avg −0.103%
=Together, before fees+0.202%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.028% dearer against Nado than usual: you sell high and buy low (spread −0.075% now, against its 7-day average of −0.103%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MON-PERP | 0.02526 | 0.0100 | pay 0.0012% / 1h | 57m 22s | $404K | $539K | 10x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02524 | 0 | get 0.0000% / 1h | 57m 22s | $68K | $125K | 25x |
Nado MON-PERP
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Nado. 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
- −$21
- Price spread: −0.075% → −0.103%
- $2.77
- Slippage, 4 orders
- −$43.43
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$75.66
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from Nado: live order book, 6 min ago; Deribit: live order book, 47 min ago.
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 Nado live order book, 6 min ago | 1.77 bp | 9.9 bp −$10 | 1164.1 bp −$11.6K | doesn't fit | doesn't fit |
| Sell Deribit live order book, 47 min ago | 12.62 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
MON on 32 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 PERP | −0.0253% | 1h | 0.02546 | +0.788% | $6K | $105 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0070% | 8h | 0.02522 | −0.162% | $20.7M | $12.8M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0024% | 1h | 0.02522 | −0.166% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02536 | +0.408% | $13K | $345K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02524 | −0.075% | $68K | $125K | 25x | |
| Backpack MON_USDC_PERP | +0.0016% | 1h | 0.02529 | +0.123% | $117K | $150K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0077% | 4h | 0.02524 | −0.083% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02525 | −0.043% | $841K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02522 | −0.157% | $8K | $42 | 5x | as long as short |
| Nado MON-PERPlong | +0.0100% | 1h | 0.02526 | long leg | $404K | $539K | 10x |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Backpack MON_USDC_PERP
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02526 | −0.020% | $34.2M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02530 | +0.145% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02524 | −0.091% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02523 | −0.107% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02523 | −0.123% | $24.1M | $25.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02521 | −0.202% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02531 | +0.180% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02524 | −0.083% | $935K | $901K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02529 | +0.115% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02524 | −0.083% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02533 | +0.256% | $753K | $404K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02535 | +0.355% | $43K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02534 | +0.299% | $567K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02532 | +0.234% | $68K | $498K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02529 | +0.115% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02526 | −0.019% | $48K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02524 | −0.103% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02524 | −0.103% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0313% | 1h | 0.02534 | +0.325% | $2K | $74K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02525 | −0.055% | $106K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0492% | 1h | 0.02531 | +0.188% | $267K | $97K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02556 | +1.176% | $112K | $52K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX