Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.005%
Price spread now: edgeX against Phoenix−0.637%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$640.636% of the position
Funding, last 7 days+0.247%+$25 on $10k
+Price spread, last 4 days (all we have)+0.376%+$38 · spread now −0.637%, 7d avg −0.074%
=Together, before fees+0.623%+ Points / potential airdropedgeX: Active · farm board+$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.564% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.637% now, against its 7-day average of −0.074%). If the spread goes back, that is −$56 on $10k: about 19 days 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 | 0.02552 | 0 | get 0.0000% / 1h | 7m 02s | $13K | $349K | 5x |
| Short | edgeX MONUSDC | 0.02536 | 0.0100 | get 0.0050% / 4h | 2h 07m | $43K | $247K | 10x |
Phoenix MON
edgeX MONUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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: −0.637% → −0.074%
- −$56.4
- Slippage, 4 orders
- −$47.62
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$99.02
- Costs to cover
- 0.636%
- Break-even
- 40.0 days
Slippage from Phoenix: live order book, 59 min ago; edgeX: live order book, 60 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, 59 min ago | 1.16 bp | 13.0 bp −$13 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 60 min ago | 7.72 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
MON on 32 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 | −0.0388% | 1h | 0.02546 | −0.235% | $6K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0091% | 8h | 0.02536 | −0.643% | $20.9M | $12.8M | 50x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02552 | long leg | $13K | $349K | 5x | |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02538 | −0.560% | $68K | $125K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02539 | −0.494% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0071% | 4h | 0.02538 | −0.549% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02540 | −0.470% | $846K | $743K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02538 | −0.547% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02540 | −0.482% | $34.4M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02541 | −0.436% | $102K | $229K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02541 | −0.441% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02541 | −0.431% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02538 | −0.549% | $24.2M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02535 | −0.666% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02545 | −0.279% | $106K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02538 | −0.549% | $949K | $906K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02542 | −0.392% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02539 | −0.509% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02539 | −0.498% | $118K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02547 | −0.213% | $758K | $419K | — | as long as short |
| edgeX MONUSDCshort | +0.0100% | 4h | 0.02536 | −0.637% | $43K | $247K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02537 | −0.587% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02536 | −0.627% | $68K | $497K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02540 | −0.481% | $407K | $545K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02538 | −0.549% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02540 | −0.473% | $49K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02537 | −0.588% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02537 | −0.580% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0274% | 1h | 0.02545 | −0.291% | $2K | $79K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02539 | −0.521% | $106K | $2.3M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02556 | +0.149% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0842% | 1h | 0.02540 | −0.487% | $267K | $97K | 10x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD