Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.068%
Price spread now: KuCoin against Phoenix+1.126%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs+$4as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
Funding, last 7 days+0.250%+$25 on $10k
+Price spread, last 4 days (all we have)−1.163%−$116 · spread now +1.126%, 7d avg +0.043%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 1.084% dearer against Phoenix than usual: you sell high and buy low: +$108 more if the spread goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02477 | 0 | get 0.0000% / 1h | 19m 08s | $12K | $355K | 5x |
| Short | KuCoin MONUSDTM | 0.02505 | 0.0100 | get 0.0050% / 4h | 2h 19m | $2.9M | $764K | 75x |
Phoenix MON
KuCoin MONUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +1.126% → +0.043%
- $108.36
- Slippage, 4 orders
- −$85.11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $25.25
- Costs to cover
- 1.041%
- Break-even
- from the start
Slippage from Phoenix: live order book, 28 min ago; KuCoin: 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, 28 min ago | 0.80 bp | 12.9 bp −$13 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 12.02 bp | 39.6 bp −$40 | 470.6 bp −$4,706 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0115% | 1h | 0.02503 | +1.029% | $116K | $153K | 10x | as long as short |
| Bybit MONUSDT | −0.0017% | 8h | 0.02500 | +0.916% | $20.5M | $13.7M | 50x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02477 | long leg | $12K | $355K | 5x | |
| 01 Exchange MONUSD | +0.0008% | 1h | 0.02502 | +0.997% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0030% | 1h | 0.02501 | +0.985% | $74K | $135K | 25x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02489 | +0.480% | $5K | $113 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02501 | +0.965% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02501 | +0.965% | $817K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02499 | +0.868% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02502 | +1.005% | $410K | $571K | 10x | as long as short |
Backpack MON_USDC_PERP
Bybit MONUSDT
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02504 | +1.082% | $33.6M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02501 | +0.982% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02498 | +0.841% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02500 | +0.929% | $138K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02501 | +0.965% | $23.8M | $27.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02500 | +0.924% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02479 | +0.097% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02501 | +0.965% | $935K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTMshort | +0.0100% | 4h | 0.02505 | +1.126% | $2.9M | $764K | 75x | |
| Bitget MONUSDT | +0.0100% | 4h | 0.02502 | +1.005% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02488 | +0.422% | $733K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02489 | +0.464% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02477 | −0.005% | $550K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02476 | −0.044% | $67K | $529K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02501 | +0.965% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02504 | +1.068% | $47K | $283K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02504 | +1.070% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0119% | 1h | 0.02485 | +0.304% | $10K | $87K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02501 | +0.969% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02487 | +0.400% | $1.3M | $344K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02500 | +0.945% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +2.136% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1017% | 1h | 0.02503 | +1.056% | $269K | $119K | 10x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD