Funding you earn now, next payment 03:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.189%
Price spread now: Kraken Futures against Orderly+0.124%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.610%+$61 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.124% dearer against Orderly than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MON_USDC | 0.02518 | 0.0085 | pay 0.0042% / 4h | 1h 05m | $16K | $47K | 10x |
| Short | Kraken Futures PF_MONUSD | 0.02521 | 0.0493 | get 0.0062% / 1h | 5m 32s | $268K | $113K | 10x |
Orderly PERP_MON_USDC
Kraken Futures PF_MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $85.86
- Price spread: +0.124% → 0.000%
- $12.45
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $82.31
- Costs to cover
- 0.160%
- Break-even
- 0.3 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 57 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 57 min ago | 27.57 bp | 35.6 bp −$36 | 507.0 bp −$5,070 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02522 | +0.171% | $12K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0262% | 1h | 0.02519 | +0.052% | $111K | $152K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02528 | +0.397% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0134% | 8h | 0.02517 | −0.040% | $20.7M | $13.1M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0080% | 1h | 0.02517 | −0.040% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0028% | 1h | 0.02518 | +0.008% | $68K | $125K | 25x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02518 | 0.000% | $104K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDClong | +0.0085% | 4h | 0.02518 | long leg | $16K | $47K | 10x | |
| Lighter MON | +0.0096% | 1h | 0.02517 | −0.040% | $839K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02515 | −0.100% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Perpl MON
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02522 | +0.164% | $411K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02519 | +0.056% | $34.1M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02520 | +0.071% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02520 | +0.066% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02518 | 0.000% | $139K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02518 | 0.000% | $23.9M | $26.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02517 | −0.040% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.096% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02517 | −0.040% | $949K | $970K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02520 | +0.079% | $2.9M | $741K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02520 | +0.079% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02516 | −0.099% | $747K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02518 | +0.001% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02524 | +0.238% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02523 | +0.199% | $68K | $504K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02517 | −0.040% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02518 | +0.012% | $48K | $513K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02517 | −0.024% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0258% | 1h | 0.02524 | +0.246% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02517 | −0.032% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02517 | −0.040% | $1.3M | $325K | 75x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.0493% | 1h | 0.02521 | +0.124% | $268K | $113K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02534 | +0.635% | $112K | $57K | 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
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
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Coinbase International MON-PERP-INTX