Funding you earn now, next payment 21:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.008%
Price spread now: Phoenix against BloFin+0.027%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.444%−$44 on $10k
+Price spread, last 3 days (all we have)−0.301%−$30 · spread now +0.027%, 7d avg +0.007%
=The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MON-USDT | 0.02586 | 0.0140 | pay 0.0070% / 4h | 2h 44m | $1.4M | $243K | 75x |
| Short | Phoenix MON | 0.02587 | 0 | get 0.0000% / 1h | 44m 46s | $13K | $384K | 5x |
BloFin MON-USDT
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- −$29.31
- Price spread: +0.027% → +0.007%
- $1.99
- Slippage, 4 orders
- −$41.9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$88.21
- Costs to cover
- 0.609%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Phoenix: live order book, 41 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 BloFin live order book, 3 min ago | 5.80 bp | 16.9 bp −$17 | 31.6 bp −$316 | 131.4 bp −$13.1K | doesn't fit |
| Sell Phoenix live order book, 41 min ago | 1.16 bp | 12.9 bp −$13 | 44.4 bp −$444 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02587 | +0.039% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0112% | 1h | 0.02582 | −0.147% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0059% | 1h | 0.02587 | +0.039% | $63K | $110K | 25x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02587 | +0.027% | $13K | $384K | 5x | |
| Bybit MONUSDT | +0.0013% | 8h | 0.02581 | −0.193% | $21.5M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02585 | −0.039% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02585 | −0.039% | $847K | $753K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02582 | −0.168% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02586 | −0.015% | $34.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02586 | −0.006% | $108K | $233K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02587 | +0.046% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02583 | −0.116% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02582 | −0.155% | $24.5M | $24.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02580 | −0.232% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02575 | −0.425% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02584 | −0.077% | $1.0M | $929K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02585 | −0.039% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02584 | −0.096% | $776K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02585 | −0.055% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02585 | −0.039% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02585 | −0.039% | $69K | $484K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02587 | +0.024% | $349K | $534K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02585 | −0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02584 | −0.059% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02585 | −0.039% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02589 | +0.127% | $263K | $63K | 10x | as long as short |
| BloFin MON-USDTlong | +0.0140% | 4h | 0.02586 | long leg | $1.4M | $243K | 75x | |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02586 | +0.008% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0271% | 1h | 0.02584 | −0.062% | $137K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0354% | 4h | 0.02590 | +0.155% | $3.2M | $789K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0363% | 1h | 0.02584 | −0.064% | $2K | $73K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02584 | −0.058% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02595 | +0.367% | $114K | $51K | 50x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
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
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX