Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.025%
Price spread now: GRVT against Phoenix−0.047%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$870.865% of the position
Funding, last 7 days+0.249%+$25 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.047%, 7d avg +0.033%
=Together, before fees+0.305%+ Points / potential airdropGRVT: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.080% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.033%). If the spread goes back, that is −$8 on $10k: about 2.7 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 | 0.02549 | 0 | get 0.0000% / 1h | 54m 49s | $13K | $349K | 5x |
| Short | GRVT MON_USDT_Perp | 0.02548 | 0.0100 | get 0.0050% / 4h | 2h 54m | $572K | $1.5M | 10x |
Phoenix MON
GRVT MON_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: −0.047% → +0.033%
- −$7.98
- Slippage, 4 orders
- −$70.55
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$73.52
- Costs to cover
- 0.865%
- Break-even
- 31.5 days
Slippage from Phoenix: live order book, 11 min ago; GRVT: live order book, 3 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, 11 min ago | 1.16 bp | 13.0 bp −$13 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 5.88 bp | 29.4 bp −$29 | 69.4 bp −$694 | 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 | −0.424% | $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 | 0.02541 | −0.330% | $69K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0060% | 4h | 0.02539 | −0.400% | $16K | $58K | 10x | as long as short |
| Bybit MONUSDT | +0.0062% | 8h | 0.02539 | −0.400% | $21.1M | $12.3M | 50x | as long as short |
| Paradex MON-USD-PERP | +0.0094% | 8h | 0.02543 | −0.241% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02542 | −0.282% | $847K | $740K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02546 | −0.130% | $403K | $537K | 10x | as long as short |
ApeX Omni MONUSDT
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Bybit MONUSDT
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 | 0.02544 | −0.223% | $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 | 0.02544 | −0.204% | $141K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02541 | −0.322% | $24.3M | $25.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02540 | −0.361% | $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 | 0.02542 | −0.282% | $955K | $884K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02543 | −0.243% | $2.9M | $739K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02543 | −0.243% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02544 | −0.184% | $120K | $160K | 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_Perpshort | +0.0100% | 4h | 0.02548 | −0.047% | $572K | $1.5M | 10x | |
| SoDEX MON-USD | +0.0100% | 1h | 0.02540 | −0.361% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02547 | −0.075% | $49K | $520K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02539 | −0.420% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02540 | −0.353% | $8K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0334% | 1h | 0.02559 | +0.389% | $4K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02541 | −0.322% | $1.4M | $308K | 75x | as long as short |
| Hyperliquid MON | +0.0403% | 1h | 0.02547 | −0.078% | $34.7M | $7.5M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02543 | −0.251% | $115K | $2.1M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02548 | −0.063% | $111K | $51K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0841% | 1h | 0.02543 | −0.252% | $277K | $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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD