Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: Phoenix against Nado−0.213%57s7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.453% of the position
Funding, last 3 days (all we have)−0.012%−$1 on $10k
+Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.213%, 7d avg −0.106%
=Together, before fees+0.027%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.107% cheaper against Nado than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.106%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MON-PERP | 0.02562 | 0.0100 | pay 0.0012% / 1h | 7m 57s | $390K | $541K | 10x |
| Short | Phoenix MON | 0.02557 | 0 | get 0.0000% / 1h | 7m 57s | $13K | $360K | 5x |
Nado MON-PERP
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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: −0.213% → −0.106%
- −$10.74
- Slippage, 4 orders
- −$31.32
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$77.05
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Nado: live order book, 5 min ago; Phoenix: live order book, 3 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 Nado live order book, 5 min ago | 2.15 bp | 10.3 bp −$10 | 1151.7 bp −$11.5K | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 1.17 bp | 13.0 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0121% | 1h | 0.02559 | −0.119% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02560 | −0.092% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0029% | 8h | 0.02557 | −0.197% | $21.1M | $12.1M | 50x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02557 | −0.213% | $13K | $360K | 5x | |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02561 | −0.045% | $69K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02560 | −0.080% | $17K | $64K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0091% | 1h | 0.02559 | −0.116% | $3K | $75K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02562 | −0.002% | $851K | $794K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0096% | 8h | 0.02559 | −0.118% | $8K | $42 | 5x | as long as short |
| Nado MON-PERPlong | +0.0100% | 1h | 0.02562 | long leg | $390K | $541K | 10x |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Aftermath Perps MONUSD
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02563 | +0.033% | $34.7M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02560 | −0.089% | $106K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02557 | −0.186% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02560 | −0.096% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02559 | −0.119% | $24.4M | $25.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02557 | −0.197% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −0.277% | $107K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02558 | −0.158% | $976K | $913K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02560 | −0.080% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02561 | −0.045% | $127K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02552 | −0.407% | $772K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02555 | −0.268% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02557 | −0.197% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02558 | −0.158% | $68K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02559 | −0.119% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02563 | +0.020% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02560 | −0.096% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0258% | 4h | 0.02564 | +0.076% | $3.0M | $719K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02560 | −0.065% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02556 | −0.236% | $1.3M | $306K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0422% | 1h | 0.02563 | +0.032% | $269K | $78K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02561 | −0.057% | $125K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02609 | +1.828% | $115K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Perpl MON
Coinbase International MON-PERP-INTX