Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.003%
Price spread now: Phoenix against ApeX Omni+0.463%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$720.724% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)−0.376%−$38 · spread now +0.463%, 7d avg +0.026%
=The price spread pays, funding is against you. Phoenix is 0.437% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.463% now, against its 7-day average of +0.026%): +$44 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MONUSDT | 0.02503 | 0.0100 | pay 0.0013% / 1h | 28m 54s | $67K | $508K | 50x |
| Short | Phoenix MON | 0.02515 | 0 | get 0.0000% / 1h | 28m 54s | $12K | $359K | 5x |
ApeX Omni MONUSDT
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- −$21
- Price spread: +0.463% → +0.026%
- $43.71
- Slippage, 4 orders
- −$55.4
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$49.69
- Costs to cover
- 0.724%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 29 min ago; Phoenix: live order book, 28 min ago.
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 ApeX Omni live order book, 29 min ago | 13.93 bp | 23.7 bp −$24 | 106.2 bp −$1,062 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 1.19 bp | 13.1 bp −$13 | 44.6 bp −$446 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0320% | 1h | 0.02515 | +0.487% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0220% | 1h | 0.02514 | +0.427% | $114K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02498 | −0.200% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0152% | 8h | 0.02508 | +0.216% | $20.6M | $13.3M | 50x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02515 | +0.463% | $12K | $359K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02515 | +0.471% | $108K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02516 | +0.507% | $74K | $136K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0071% | 4h | 0.02515 | +0.479% | $16K | $41K | 10x | as long as short |
| Variational Omni MON | +0.0077% | 8h | 0.02509 | +0.242% | $741K | $409K | — | as long as short |
| Paradex MON-USD-PERP | +0.0091% | 8h | 0.02513 | +0.405% | $8K | $42 | 5x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Variational Omni MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MON | +0.0096% | 1h | 0.02515 | +0.479% | $847K | $749K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02516 | +0.532% | $428K | $573K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02514 | +0.423% | $33.9M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02514 | +0.447% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02519 | +0.621% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02517 | +0.575% | $139K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02509 | +0.255% | $23.9M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02507 | +0.160% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02495 | −0.329% | $102K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02510 | +0.280% | $941K | $992K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02514 | +0.439% | $2.8M | $752K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02511 | +0.320% | $2.7M | $2.2M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02509 | +0.254% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02511 | +0.332% | $563K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDTlong | +0.0100% | 1h | 0.02503 | long leg | $67K | $508K | 50x | |
| SoDEX MON-USD | +0.0100% | 1h | 0.02514 | +0.439% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02510 | +0.290% | $48K | $521K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02514 | +0.439% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0244% | 1h | 0.02507 | +0.152% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02515 | +0.471% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02520 | +0.679% | $1.3M | $340K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02528 | +1.011% | $110K | $58K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0541% | 1h | 0.02518 | +0.587% | $270K | $114K | 10x | as long as short |
Lighter MON
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_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