Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%
Price spread now: Aster against Phoenix−0.045%7-day average −0.024% · 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−$94as in the Price arb table
costs, in and out, $10k−$910.915% of the position
Funding, last 6 days (all we have)+0.116%+$12 on $10k
+Price spread, last 4 days (all we have)−1.055%−$105 · spread now −0.045%, 7d avg −0.024%
=Together, before fees−0.938%+ Points / potential airdropAster: Stage 5 · farm board−$94 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.022% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.024%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02503 | 0 | get 0.0000% / 1h | 43m 21s | $13K | $349K | 5x |
| Short | Aster MONUSDT | 0.02502 | 0.0100 | get 0.0050% / 4h | 43m 21s | $99K | $213K | 10x |
Phoenix MON
Aster MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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: −0.045% → −0.024%
- −$2.17
- Slippage, 4 orders
- −$76.49
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$72.65
- Costs to cover
- 0.915%
- Break-even
- 31.2 days
Slippage from Phoenix: live order book, 58 min ago; Aster: live order book, 58 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 Phoenix live order book, 58 min ago | 1.20 bp | 12.9 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Aster live order book, 58 min ago | 16.01 bp | 32.4 bp −$32 | doesn't fit | 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 | −0.0032% | 1h | 0.02500 | −0.136% | $5K | $110 | 5.5x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02503 | long leg | $13K | $349K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02505 | +0.056% | $127K | $2.2M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0070% | 1h | 0.02504 | +0.004% | $73K | $138K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02506 | +0.104% | $804K | $785K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02503 | −0.028% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02507 | +0.161% | $394K | $577K | 10x | as long as short |
| Aster MONUSDTshort | +0.0100% | 4h | 0.02502 | −0.045% | $99K | $213K | 10x | |
| dYdX MON-USD | +0.0100% | 1h | 0.02500 | −0.126% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02502 | −0.060% | $138K | $92K | 3x | as long as short |
Injective MON/USDC PERP
Perpl MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
dYdX MON-USD
Pacifica MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MONUSDT | +0.0100% | 4h | 0.02503 | −0.017% | $23.8M | $27.5M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02501 | −0.096% | $20.7M | $13.8M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02502 | −0.056% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | −0.136% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02502 | −0.056% | $932K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02504 | +0.024% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02504 | +0.024% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02503 | −0.020% | $109K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02504 | +0.024% | $743K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02507 | +0.150% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02504 | +0.013% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02504 | +0.024% | $68K | $537K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02502 | −0.056% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02502 | −0.056% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02505 | +0.080% | $50K | $311K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02502 | −0.036% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02503 | −0.012% | $6K | — | 50x | as long as short |
| Hyperliquid MON | +0.0303% | 1h | 0.02507 | +0.140% | $33.9M | $7.8M | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02502 | −0.056% | $1.3M | $345K | 75x | as long as short |
| 01 Exchange MONUSD | +0.0344% | 1h | 0.02506 | +0.092% | $6K | $3K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0572% | 1h | 0.02504 | +0.029% | $6K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0680% | 1h | 0.02512 | +0.344% | $111K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1204% | 1h | 0.02504 | +0.037% | $269K | $119K | 10x | as long as short |
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Hyperliquid MON
BloFin MON-USDT
01 Exchange MONUSD
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD