Funding you earn now, next payment 01:38 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.024%
Price spread now: edgeX against Perpl−0.136%7-day average −0.075% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.136%, 7d avg −0.075%
=Together, before fees−0.245%+ Points / potential airdropPerpl: Active · edgeX: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.062% cheaper against Perpl than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.075%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% 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 | 0.02556 | 0.0447 | pay 0.0040% / 43m | 26m 03s | $106K | $2.3M | 10x |
| Short | edgeX MONUSDC | 0.02552 | 0.0100 | get 0.0050% / 4h | 2h 21m | $44K | $248K | 10x |
Perpl MON
edgeX MONUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$72.77
- Price spread: −0.136% → −0.075%
- −$6.17
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$101.74
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; edgeX: live order book, 46 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 edgeX live order book, 46 min ago | 7.72 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | 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 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 | −0.0388% | 1h | 0.02522 | −1.319% | $5K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0071% | 8h | 0.02554 | −0.067% | $21.0M | $12.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02556 | +0.004% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02558 | +0.090% | $69K | $125K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02558 | +0.106% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0061% | 4h | 0.02558 | +0.090% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02559 | +0.129% | $853K | $742K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02555 | −0.039% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02559 | +0.135% | $411K | $545K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02558 | +0.090% | $34.7M | $7.6M | 5x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02558 | +0.084% | $102K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02559 | +0.129% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02556 | +0.012% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02556 | +0.011% | $24.4M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02551 | −0.184% | $4.3M | $5.9M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02556 | +0.012% | $957K | $904K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02559 | +0.129% | $2.9M | $744K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02557 | +0.051% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02558 | +0.090% | $119K | $157K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02554 | −0.065% | $759K | $419K | — | as long as short |
| edgeX MONUSDCshort | +0.0100% | 4h | 0.02552 | −0.136% | $44K | $248K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02555 | −0.027% | $574K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02554 | −0.067% | $68K | $495K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02557 | +0.051% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02550 | −0.224% | $106K | $4K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02559 | +0.119% | $51K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02557 | +0.051% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0429% | 1h | 0.02557 | +0.031% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0324% | 1h | 0.02550 | −0.238% | $2K | $79K | 10x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02556 | long leg | $106K | $2.3M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02559 | +0.149% | $112K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0836% | 1h | 0.02560 | +0.166% | $278K | $88K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD