MON

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0173%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.193%

Price spread now: Kraken Futures against Phoenix+0.191%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$1071.066% of the position

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.752%+$75 on $10k

Price spread, last 3 days (all we have)+0.307%+$31 · spread now +0.191%, 7d avg +0.058%

Together, before fees+1.059%+$106 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.134% dearer against Phoenix than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MON	0.02577	0	get 0.0000% / 1h	21m 21s	$13K	$362K	5x
Short	Kraken Futures PF_MONUSD	0.02582	0.0173	get 0.0022% / 1h	21m 21s	$271K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Kraken FuturesbpOrdersPrice spread, now +0.191%Rate

Funding earned: $36.43
Price spread: +0.191% → +0.058%: $13.37
Slippage, 4 orders: −$89.59
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$56.79
Costs to cover: 1.066%
Break-even: 17.9 days

Slippage from Phoenix: live order book, 60 min ago; Kraken Futures: live order book, 61 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, 60 min ago	1.15 bp	13.2 bp −$13	52.4 bp −$524	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 61 min ago	28.77 bp	42.5 bp −$43	634.0 bp −$6,340	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	−0.0053%	1h	0.02582	+0.210%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0053%	8h	0.02575	−0.062%	$21.4M	$11.8M	50x	as long as short
01 Exchange MONUSD	−0.0008%	1h	0.02582	+0.210%	$6K	$1K	5x	as long as short
Phoenix MONlong	0.0000%	1h	0.02577	long leg	$13K	$362K	5x
Perpl MON	0.0000%	43m	0.02580	+0.124%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02579	+0.113%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0021%	1h	0.02578	+0.048%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02577	+0.016%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0083%	8h	0.02578	+0.062%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02580	+0.132%	$855K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02584	+0.284%	$389K	$539K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02582	+0.225%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02579	+0.083%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02579	+0.103%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02580	+0.128%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02578	+0.057%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02575	−0.062%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	−0.256%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02578	+0.054%	$1.0M	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02580	+0.132%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02578	+0.062%	$128K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02573	−0.152%	$780K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02575	−0.073%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02578	+0.042%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	+0.054%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02578	+0.054%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02582	+0.214%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02578	+0.062%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDshort	+0.0173%	1h	0.02582	+0.191%	$271K	$78K	10x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02579	+0.097%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0292%	4h	0.02583	+0.248%	$3.2M	$698K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02577	+0.016%	$1.4M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.168%	$114K	$49K	50x	as long as short