Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.005%
Price spread now: Phoenix against Pacifica+0.073%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 3 days (all we have)+0.321%+$32 · spread now +0.073%, 7d avg +0.028%
=Together, before fees+0.043%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.045% dearer against Pacifica than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.028%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MON | 0.02597 | 0.0100 | pay 0.0013% / 1h | 17m 24s | $143K | $106K | 3x |
| Short | Phoenix MON | 0.02599 | 0 | get 0.0000% / 1h | 17m 24s | $14K | $384K | 5x |
Pacifica MON
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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: +0.073% → +0.028%
- $4.55
- Slippage, 4 orders
- −$55.6
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$87.05
- Costs to cover
- 0.706%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 5 min ago; Phoenix: live order book, 4 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 Pacifica live order book, 5 min ago | 1.92 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 1.15 bp | 13.2 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 | −0.0739% | 1h | 0.02596 | −0.039% | $6K | $109 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0250% | 1h | 0.02599 | +0.073% | $63K | $110K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0224% | 1h | 0.02596 | −0.054% | $6K | $1K | 5x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02599 | +0.073% | $14K | $384K | 5x | |
| Bybit MONUSDT | +0.0001% | 8h | 0.02595 | −0.077% | $21.6M | $11.8M | 50x | as long as short |
| BloFin MON-USDT | +0.0077% | 4h | 0.02598 | +0.039% | $1.4M | $245K | 75x | as long as short |
| Orderly PERP_MON_USDC | +0.0091% | 4h | 0.02596 | −0.039% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02597 | −0.018% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02598 | +0.039% | $853K | $758K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02602 | +0.201% | $381K | $531K | 10x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Bybit MONUSDT
BloFin MON-USDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02602 | +0.177% | $35.1M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02597 | +0.007% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02599 | +0.093% | $13K | — | 5x | as long as short |
| Pacifica MONlong | +0.0100% | 1h | 0.02597 | long leg | $143K | $106K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02597 | 0.000% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02595 | −0.077% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02602 | +0.193% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02599 | +0.077% | $1.0M | $934K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02599 | +0.077% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02598 | +0.033% | $783K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02597 | +0.015% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02598 | +0.041% | $585K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02602 | +0.193% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02597 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02602 | +0.189% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02597 | −0.004% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02601 | +0.160% | $268K | $67K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0164% | 1h | 0.02599 | +0.068% | $2K | $73K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02599 | +0.077% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0305% | 1h | 0.02598 | +0.050% | $138K | $136K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0386% | 4h | 0.02602 | +0.193% | $3.2M | $745K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02597 | +0.015% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.400% | $115K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX