MON

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0403%/8h= +44.1% APRnext payment +$0.50 per $10,000 · paid last 24h +0.184%

Price spread now: Aftermath Perps against Phoenix−0.036%63s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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. Aftermath Perps is 0.036% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$12 a day). The two prices were read 63 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	Phoenix MON	0.02501	0	get 0.0000% / 1h	7m 49s	$13K	$353K	5x
Short	Aftermath Perps MONUSD	0.02500	0.0403	get 0.0050% / 1h	7m 49s	$6K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phoenix. 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 PhoenixbpFee Aftermath PerpsbpOrdersPrice spread, now −0.036%Rate

Funding earned: $84.58
Price spread: −0.036% → 0.000%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $64.98
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Phoenix: live order book, 34 min ago; Aftermath Perps: no order-book sample. 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 Phoenix live order book, 34 min ago	1.20 bp	12.9 bp −$13	52.4 bp −$524	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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
Phoenix MONlong	0.0000%	1h	0.02501	long leg	$13K	$353K	5x
Perpl MON	0.0000%	43m	0.02500	−0.012%	$126K	$2.2M	10x	as long as short
Orderly PERP_MON_USDC	+0.0087%	4h	0.02500	−0.032%	$16K	$48K	10x	as long as short
Bybit MONUSDT	+0.0096%	8h	0.02497	−0.152%	$20.6M	$13.7M	50x	as long as short
Lighter MON	+0.0096%	1h	0.02501	+0.008%	$802K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02497	−0.140%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02502	+0.029%	$393K	$575K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02499	−0.057%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02499	−0.082%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02499	−0.080%	$138K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02499	−0.064%	$23.7M	$27.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02498	−0.112%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.032%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02499	−0.072%	$931K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02504	+0.128%	$2.9M	$767K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02502	+0.048%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02501	+0.012%	$110K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02499	−0.090%	$741K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02497	−0.134%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02504	+0.116%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02501	+0.008%	$68K	$534K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02499	−0.072%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02503	+0.077%	$47K	$268K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02499	−0.092%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02500	−0.032%	$5K	$113	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0110%	1h	0.02499	−0.056%	$73K	$138K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02499	−0.092%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0264%	1h	0.02499	−0.068%	$6K	$3K	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	−0.032%	$1.3M	$348K	75x	as long as short
Hyperliquid MON	+0.0374%	1h	0.02503	+0.076%	$33.8M	$7.8M	5x	as long as short
Aftermath Perps MONUSDshort	+0.0403%	1h	0.02500	−0.036%	$6K	$100K	10x
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02511	+0.416%	$110K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0845%	1h	0.02501	+0.014%	$269K	$119K	10x	as long as short