MON

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0444%/8h= +48.6% APRnext payment +$0.55 per $10,000 · paid last 24h +0.012%

Price spread now: Phoenix against Injective−0.059%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.059% cheaper against Injective than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MON/USDC PERP	0.02556	−0.0444	get 0.0055% / 1h	43m 05s	$6K	$105	5.5x
Short	Phoenix MON	0.02555	0	get 0.0000% / 1h	43m 05s	$13K	$351K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now −0.059%Rate

Funding earned: $93.15
Price spread: −0.059% → 0.000%: −$5.87
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $80.26
Costs to cover: 0.070%
Break-even: 1.0 days

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 28 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 28 min ago	1.17 bp	13.0 bp −$13	44.6 bp −$446	doesn't fit	doesn't fit

Injective: 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
Injective MON/USDC PERPlong	−0.0444%	1h	0.02556	long leg	$6K	$105	5.5x
Phoenix MONshort	0.0000%	1h	0.02555	−0.059%	$13K	$351K	5x
01 Exchange MONUSD	+0.0064%	1h	0.02594	+1.479%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02589	+1.291%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02592	+1.408%	$861K	$751K	10x	as long as short
Aftermath Perps MONUSD	+0.0097%	1h	0.02565	+0.337%	$3K	$76K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02589	+1.286%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02595	+1.514%	$396K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02594	+1.502%	$35.2M	$7.7M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02589	+1.295%	$108K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02590	+1.314%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02588	+1.268%	$143K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02591	+1.373%	$24.8M	$25.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02590	+1.330%	$21.4M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02589	+1.291%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−0.235%	$105K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02591	+1.369%	$990K	$898K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02593	+1.448%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02591	+1.365%	$129K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02558	+0.063%	$771K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02565	+0.348%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02568	+0.469%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02568	+0.469%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02591	+1.369%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02596	+1.551%	$51K	$469K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02591	+1.369%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0194%	4h	0.02596	+1.565%	$3.0M	$721K	75x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0213%	1h	0.02593	+1.436%	$70K	$119K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02592	+1.408%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02589	+1.291%	$1.4M	$310K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02591	+1.377%	$125K	$1.8M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0461%	1h	0.02593	+1.467%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02586	+1.158%	$113K	$50K	50x	as long as short