MON funding rates

MON perpetual funding is currently quoted across 18 venues, ranging from -59.6% to +12.2% APR. The most reliable delta-neutral pairing for MON right now is long Phoenix / short Perpl at +2.7% net APR (high risk, ~1.4d to break even).

as of 2026-09-12 14:52 UTC
Best delta-neutral pairing
Long Phoenix / Short Perpl
+2.7% net APR
Backtested (30d)
+23.0%
Stability
95%
Risk
high
Breakeven
~1.4d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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MON funding by exchange

ExchangeFunding APR
Perpl+12.22%
Extended+11.39%
Hyperliquid+10.95%
dYdX+10.95%
Pacifica+10.95%
Variational+10.95%
Grvt+10.95%
TxFlow+10.95%
Aster+10.95%
Bulk+10.95%
Paradex+10.95%
SoDEX+10.95%
Nado+10.95%
Lighter+10.51%
Phoenix+0.00%
Kraken-0.77%
n1xyz-5.26%
Decibel-59.57%

Frequently asked

What is the MON funding rate right now?

MON perpetual funding ranges from -59.57% to 12.22% APR across 18 exchanges we track; the widest delta-neutral spread is long Phoenix / short Perpl at 2.7% net APR.

Which exchange has the highest MON funding rate?

Perpl currently has the highest at 12.22% APR. See the full ranking above.