Funding you earn now, next payment 00:00 UTC−0.0388%/8h= −42.5% APRnext payment −$0.48 per $10,000 · paid last 24h −0.012%
Price spread now: Injective against Phoenix−0.322%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Injective is 0.322% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| 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 | Injective MON/USDC PERP | 0.02541 | −0.0388 | pay 0.0048% / 1h | 54m 14s | $6K | $106 | 5.5x |
Phoenix MON
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$81.47
- Price spread: −0.322% → 0.000%
- −$32.17
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$120.66
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 12 min ago; Injective: 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, 12 min ago | 1.16 bp | 13.0 bp −$13 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MONUSDT | −0.0850% | 1h | 0.02545 | −0.165% | $68K | $489K | 50x | as long as short |
| Injective MON/USDC PERPshort | −0.0388% | 1h | 0.02541 | −0.322% | $6K | $106 | 5.5x | |
| 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
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-USD | +0.0104% | 1h | 0.02547 | −0.082% | $49K | $520K | 10x | as long as short |
| 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
Extended 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