Funding you earn now, next payment 08:07 UTC−0.0535%/8h= −58.6% APRpaid last 24h −0.031%
Price spread now: Injective against Perpl−0.215%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Injective is 0.215% cheaper against Perpl than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl MON | 0.02510 | 0.0447 | pay 0.0040% / 43m | 23m 39s | $119K | $2.2M | 10x |
| Short | Injective MON/USDC PERP | 0.02505 | −0.0089 | pay 0.0011% / 1h | 51m 39s | $5K | $108 | 5.5x |
Perpl MON
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$112.39
- Price spread: −0.215% → 0.000%
- −$21.51
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$147.72
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Injective: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Perpl and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0294% | 1h | 0.02509 | −0.048% | $109K | $157K | 10x | as long as short |
| Injective MON/USDC PERPshort | −0.0089% | 1h | 0.02505 | −0.215% | $5K | $108 | 5.5x | |
| Phoenix MON | 0.0000% | 1h | 0.02506 | −0.167% | $13K | $346K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02509 | −0.052% | $73K | $137K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02512 | +0.064% | $807K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02510 | −0.035% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02510 | −0.008% | $33.9M | $7.8M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02510 | −0.033% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02509 | −0.050% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02510 | −0.012% | $139K | $91K | 3x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MONUSDT | +0.0100% | 4h | 0.02510 | −0.016% | $23.9M | $27.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02508 | −0.096% | $20.9M | $13.9M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02510 | −0.016% | $4.2M | $6.2M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02509 | −0.056% | $939K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02511 | +0.024% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02512 | +0.064% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02508 | −0.092% | $745K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02504 | −0.266% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02509 | −0.056% | $559K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02507 | −0.135% | $68K | $543K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02511 | +0.020% | $393K | $573K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02509 | −0.056% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02507 | −0.135% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | −0.215% | $103K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02513 | +0.094% | $60K | $328K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02508 | −0.096% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0192% | 1h | 0.02512 | +0.072% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02509 | −0.052% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02510 | −0.016% | $1.3M | $334K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02510 | long leg | $119K | $2.2M | 10x | |
| Aftermath Perps MONUSD | +0.0469% | 1h | 0.02509 | −0.042% | $5K | $103K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02519 | +0.347% | $111K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0797% | 1h | 0.02510 | −0.002% | $270K | $118K | 10x | as long as short |
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
Orderly PERP_MON_USDC
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD