Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.004%
Price spread now: Extended against Phoenix−0.082%68s7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$770.770% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.082%, 7d avg +0.064%
=Together, before fees+0.277%+ Points / potential airdropExtended: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.146% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.064%). If the spread goes back, that is −$15 on $10k: about 4.7 days of funding at the current rate (+$3 a day). The two prices were read 68 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 | 0.02549 | 0 | get 0.0000% / 1h | 54m 14s | $13K | $349K | 5x |
| Short | Extended MON-USD | 0.02547 | 0.0104 | get 0.0013% / 1h | 54m 14s | $49K | $520K | 10x |
Phoenix MON
Extended MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $21.84
- Price spread: −0.082% → +0.064%
- −$14.6
- Slippage, 4 orders
- −$65.03
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$69.8
- Costs to cover
- 0.770%
- Break-even
- 29.4 days
Slippage from Phoenix: live order book, 12 min ago; Extended: live order book, 13 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, 12 min ago | 1.16 bp | 13.0 bp −$13 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell Extended live order book, 13 min ago | 3.86 bp | 25.6 bp −$26 | 188.8 bp −$1,888 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MONUSDT | −0.0850% | 1h | 0.02545 | −0.165% | $68K | $489K | 50x | as long as short |
| Injective MON/USDC PERP | −0.0388% | 1h | 0.02541 | −0.322% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02538 | −0.428% | $6K | $1K | 5x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02549 | long leg | $13K | $349K | 5x | |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02545 | −0.161% | $69K | $119K | 25x | as long as short |
| Bybit MONUSDT | +0.0055% | 8h | 0.02547 | −0.086% | $21.2M | $12.3M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0059% | 4h | 0.02542 | −0.282% | $16K | $59K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0094% | 8h | 0.02540 | −0.369% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02549 | −0.008% | $849K | $740K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02547 | −0.099% | $403K | $537K | 10x | as long as short |
ApeX Omni MONUSDT
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02543 | −0.251% | $106K | $227K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02544 | −0.211% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02543 | −0.243% | $141K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02547 | −0.087% | $24.3M | $25.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02547 | −0.086% | $4.3M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02545 | −0.147% | $106K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02546 | −0.126% | $956K | $884K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02545 | −0.165% | $2.9M | $740K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02550 | +0.031% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02552 | +0.118% | $119K | $161K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02538 | −0.435% | $764K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02548 | −0.056% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02548 | −0.047% | $572K | $1.5M | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02548 | −0.047% | $5K | $6K | 5x | as long as short |
| Extended MON-USDshort | +0.0104% | 1h | 0.02547 | −0.082% | $49K | $520K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02547 | −0.106% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02543 | −0.259% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02541 | −0.322% | $1.4M | $308K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0348% | 1h | 0.02556 | +0.264% | $4K | $74K | 10x | as long as short |
| Hyperliquid MON | +0.0377% | 1h | 0.02554 | +0.200% | $34.8M | $7.5M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02544 | −0.216% | $115K | $2.1M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02545 | −0.173% | $111K | $51K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0838% | 1h | 0.02553 | +0.133% | $278K | $88K | 10x | as long as short |
Aster MONUSDT
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
edgeX MONUSDC
GRVT MON_USDT_Perp
SoDEX MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD