Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Phoenix−0.064%7-day average +0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 3 days (all we have)+0.239%+$24 · spread now −0.064%, 7d avg +0.106%
=Together, before fees+0.251%+ Points / potential airdropNado: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.170% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.106%). If the spread goes back, that is −$17 on $10k: about 5.7 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.012% in total) that is about 45 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02559 | 0 | get 0.0000% / 1h | 7m 18s | $13K | $360K | 5x |
| Short | Nado MON-PERP | 0.02557 | 0.0100 | get 0.0012% / 1h | 7m 18s | $390K | $541K | 10x |
Phoenix MON
Nado MON-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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: −0.064% → +0.106%
- −$16.99
- Slippage, 4 orders
- −$31.32
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$41.3
- Costs to cover
- 0.453%
- Break-even
- 20.8 days
Slippage from Phoenix: live order book, 4 min ago; Nado: live order book, 6 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, 4 min ago | 1.17 bp | 13.0 bp −$13 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell Nado live order book, 6 min ago | 2.15 bp | 9.1 bp −$9 | doesn't fit | 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 | −0.0121% | 1h | 0.02559 | +0.004% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02555 | −0.152% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0030% | 8h | 0.02557 | −0.074% | $21.1M | $12.1M | 50x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02559 | long leg | $13K | $360K | 5x | |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02556 | −0.129% | $69K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02555 | −0.152% | $17K | $64K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0089% | 1h | 0.02559 | −0.010% | $3K | $75K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02558 | −0.035% | $849K | $794K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02557 | −0.081% | $8K | $42 | 5x | as long as short |
| Nado MON-PERPshort | +0.0100% | 1h | 0.02557 | −0.064% | $390K | $541K | 10x |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Aftermath Perps MONUSD
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02557 | −0.078% | $34.6M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02557 | −0.060% | $106K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02557 | −0.063% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02558 | −0.043% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02556 | −0.113% | $24.4M | $25.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02555 | −0.152% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −0.154% | $107K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02556 | −0.113% | $975K | $913K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02557 | −0.074% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02561 | +0.078% | $127K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02552 | −0.284% | $772K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02557 | −0.061% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02560 | +0.042% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02559 | +0.004% | $68K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02556 | −0.113% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02558 | −0.045% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02556 | −0.133% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02556 | −0.129% | $8K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0262% | 4h | 0.02562 | +0.121% | $3.0M | $719K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02554 | −0.191% | $1.3M | $306K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0422% | 1h | 0.02560 | +0.054% | $269K | $78K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02555 | −0.145% | $124K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02609 | +1.954% | $115K | $50K | 50x | 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
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
BloFin MON-USDT
Kraken Futures PF_MONUSD
Perpl MON
Coinbase International MON-PERP-INTX