Funding you earn now, next payment 08:50 UTC−0.0347%/8h= −37.9% APRpaid last 24h −0.012%
Price spread now: OKX against Perpl−0.274%7-day average −0.126% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.274%, 7d avg −0.126%
=Together, before fees−0.125%+ Points / potential airdropPerpl: Active · farm board−$12 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 OKX is 0.148% cheaper against Perpl than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.126%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.204% in total (about -10.6% 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 | 0.02554 | 0.0447 | pay 0.0040% / 43m | 10m 41s | $118K | $2.1M | 10x |
| Short | OKX MON-USDT-SWAP | 0.02547 | 0.0100 | get 0.0050% / 4h | 2h 55m | $4.3M | $6.1M | 50x |
Perpl MON
OKX MON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.274% → −0.126%
- −$14.8
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$111.37
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago | 1.95 bp | 20.1 bp −$20 | 128.7 bp −$1,287 | 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 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 | −0.0051% | 1h | 0.02553 | −0.055% | $113K | $152K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02557 | +0.098% | $14K | $307K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02553 | −0.047% | $73K | $133K | 25x | as long as short |
| Injective MON/USDC PERP | +0.0033% | 1h | 0.02505 | −1.919% | $5K | $104 | 5.5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02551 | −0.117% | $832K | $759K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02547 | −0.273% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02551 | −0.117% | $34.3M | $6.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02550 | −0.155% | $101K | $202K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02549 | −0.206% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02549 | −0.184% | $141K | $89K | 3x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
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 | 0.02545 | −0.348% | $24.5M | $26.8M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02544 | −0.372% | $21.3M | $13.5M | 50x | as long as short |
| OKX MON-USDT-SWAPshort | +0.0100% | 4h | 0.02547 | −0.274% | $4.3M | $6.1M | 50x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02554 | 0.000% | $1.1M | $1.1M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02552 | −0.078% | $2.9M | $763K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02547 | −0.274% | $2.8M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02549 | −0.215% | $757K | $375K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02555 | +0.052% | $42K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02557 | +0.133% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02557 | +0.117% | $69K | $545K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02553 | −0.032% | $392K | $578K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02554 | 0.000% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02552 | −0.078% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | +0.040% | $105K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02553 | −0.021% | $61K | $329K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02550 | −0.137% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02553 | −0.027% | $7K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0232% | 1h | 0.02553 | −0.020% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02562 | +0.313% | $1.4M | $401K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02554 | long leg | $118K | $2.1M | 10x | |
| Aftermath Perps MONUSD | +0.0647% | 1h | 0.02557 | +0.110% | $4K | $97K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0669% | 1h | 0.02554 | +0.014% | $274K | $117K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0800% | 1h | 0.02575 | +0.826% | $114K | $53K | 50x | as long as short |
Binance MONUSDT
Bybit MONUSDT
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
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
BloFin MON-USDT
Aftermath Perps MONUSD
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX