Funding you earn now, next payment 03:05 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.048%
Price spread now: BloFin against Perpl+0.156%48s7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.156%, 7d avg −0.015%
=Together, before fees+0.124%+ Points / potential airdropPerpl: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.170% dearer against Perpl than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment. 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 | Perpl MON | 0.02505 | 0 | get 0.0000% / 43m | 37m 52s | $107K | $2.3M | 10x |
| Short | BloFin MON-USDT | 0.02509 | 0.0340 | get 0.0170% / 4h | 23m 52s | $1.3M | $338K | 75x |
Perpl MON
BloFin MON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Perpl. 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
- $71.4
- Price spread: +0.156% → −0.015%
- $17.02
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $62.62
- Costs to cover
- 0.258%
- Break-even
- 0.9 days
Slippage unknown: Perpl: no order-book sample; BloFin: live order book, 9 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 Perpl no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 9 min ago | 5.98 bp | 16.3 bp −$16 | 53.0 bp −$530 | 122.1 bp −$12.2K | doesn't fit |
Perpl: 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 | −0.0272% | 1h | 0.02504 | −0.028% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0201% | 1h | 0.02507 | +0.068% | $113K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02498 | −0.283% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0151% | 8h | 0.02502 | −0.124% | $20.6M | $13.3M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02515 | +0.379% | $12K | $359K | 5x | as long as short |
| Perpl MONlong | 0.0000% | 43m | 0.02505 | long leg | $107K | $2.3M | 10x | |
| Orderly PERP_MON_USDC | +0.0071% | 4h | 0.02505 | −0.004% | $16K | $41K | 10x | as long as short |
| Variational Omni MON | +0.0077% | 8h | 0.02502 | −0.142% | $740K | $409K | — | as long as short |
| Paradex MON-USD-PERP | +0.0092% | 8h | 0.02504 | −0.047% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02506 | +0.036% | $843K | $749K | 10x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Orderly PERP_MON_USDC
Variational Omni MON
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 | 0.02507 | +0.065% | $425K | $574K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02507 | +0.072% | $33.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02507 | +0.075% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02508 | +0.100% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02506 | +0.036% | $138K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02505 | −0.016% | $23.8M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02503 | −0.084% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | −0.009% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02505 | −0.004% | $939K | $993K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02508 | +0.116% | $2.8M | $757K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02506 | +0.036% | $2.7M | $2.2M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02506 | +0.020% | $41K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02508 | +0.108% | $562K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02506 | +0.036% | $67K | $510K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02505 | −0.004% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02507 | +0.063% | $48K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02504 | −0.064% | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0149% | 1h | 0.02505 | +0.012% | $74K | $136K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0244% | 1h | 0.02506 | +0.051% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02504 | −0.052% | $9K | — | 50x | as long as short |
| BloFin MON-USDTshort | +0.0340% | 4h | 0.02509 | +0.156% | $1.3M | $338K | 75x | |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02528 | +0.926% | $110K | $57K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0543% | 1h | 0.02508 | +0.116% | $269K | $114K | 10x | 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
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD