Funding you earn now, next payment 05:14 UTC−0.0347%/8h= −37.9% APRpaid last 24h +0.012%
Price spread now: Pacifica against Perpl+0.012%7-day average −0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.196%−$20 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.012%, 7d avg −0.027%
=Together, before fees−0.205%+ Points / potential airdropPerpl: Active · Pacifica: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.039% dearer against Perpl than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.027%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.196% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.196% in total (about -10.2% 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 | 0.02501 | 0.0447 | pay 0.0040% / 43m | 41m 15s | $114K | $2.2M | 10x |
| Short | Pacifica MON | 0.02501 | 0.0100 | get 0.0013% / 1h | 18m 15s | $138K | $92K | 3x |
Perpl MON
Pacifica MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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: +0.012% → −0.027%
- $3.88
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$90.69
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Pacifica: live order book, 29 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 Pacifica live order book, 29 min ago | 8.01 bp | 23.1 bp −$23 | 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 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 | −0.0115% | 1h | 0.02503 | +0.064% | $116K | $153K | 10x | as long as short |
| Bybit MONUSDT | −0.0015% | 8h | 0.02499 | −0.064% | $20.5M | $13.7M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02477 | −0.956% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02502 | +0.024% | $74K | $135K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02500 | −0.040% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02489 | −0.480% | $5K | $113 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02502 | +0.040% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02501 | 0.000% | $816K | $766K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02500 | −0.035% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02502 | +0.048% | $33.6M | $7.6M | 5x | as long as short |
Backpack MON_USDC_PERP
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Injective MON/USDC PERP
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02501 | +0.009% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02501 | −0.017% | $12K | — | 5x | as long as short |
| Pacifica MONshort | +0.0100% | 1h | 0.02501 | +0.012% | $138K | $92K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02499 | −0.071% | $23.7M | $27.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02499 | −0.080% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02479 | −0.860% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02501 | 0.000% | $936K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02505 | +0.160% | $2.9M | $764K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02502 | +0.040% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02488 | −0.537% | $733K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02489 | −0.496% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02477 | −0.961% | $550K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02476 | −1.000% | $67K | $529K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02503 | +0.096% | $410K | $571K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02500 | −0.040% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02504 | +0.114% | $47K | $283K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02507 | +0.232% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0116% | 1h | 0.02487 | −0.542% | $8K | $91K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02500 | −0.032% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02487 | −0.560% | $1.3M | $344K | 75x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02501 | long leg | $114K | $2.2M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +1.160% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1017% | 1h | 0.02504 | +0.105% | $269K | $119K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
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
Nado MON-PERP
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
Kraken Futures PF_MONUSD