Funding you earn now, next payment 21:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.005%
Price spread now: Pacifica against Phoenix+0.123%47s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days+0.278%+$28 on $10k
+Price spread, last 3 days (all we have)−0.517%−$52 · spread now +0.123%, 7d avg −0.028%
=Together, before fees−0.239%+ Points / potential airdropPacifica: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.151% dearer against Phoenix than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.028%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02599 | 0 | get 0.0000% / 1h | 13m 54s | $14K | $384K | 5x |
| Short | Pacifica MON | 0.02602 | 0.0100 | get 0.0013% / 1h | 13m 54s | $144K | $106K | 3x |
Phoenix MON
Pacifica MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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: +0.123% → −0.028%
- $15.08
- Slippage, 4 orders
- −$55.6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$34.52
- Costs to cover
- 0.706%
- Break-even
- 18.5 days
Slippage from Phoenix: live order book, 7 min ago; Pacifica: live order book, 9 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, 7 min ago | 1.15 bp | 13.2 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 9 min ago | 1.92 bp | 24.8 bp −$25 | 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 | −0.0739% | 1h | 0.02599 | +0.004% | $6K | $110 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0232% | 1h | 0.02600 | +0.054% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0134% | 1h | 0.02601 | +0.088% | $63K | $110K | 25x | as long as short |
| Bybit MONUSDT | 0.0000% | 8h | 0.02597 | −0.058% | $21.7M | $11.8M | 50x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02599 | long leg | $14K | $384K | 5x | |
| Orderly PERP_MON_USDC | +0.0091% | 4h | 0.02598 | −0.035% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02599 | +0.019% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02601 | +0.081% | $854K | $758K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02605 | +0.233% | $381K | $531K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02603 | +0.165% | $35.1M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02601 | +0.067% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02602 | +0.101% | $13K | — | 5x | as long as short |
| Pacifica MONshort | +0.0100% | 1h | 0.02602 | +0.123% | $144K | $106K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02599 | +0.004% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02595 | −0.150% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02602 | +0.120% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02601 | +0.081% | $1.0M | $935K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02602 | +0.119% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02596 | −0.097% | $782K | $412K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02596 | −0.112% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02598 | −0.024% | $585K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02599 | +0.004% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02599 | +0.004% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02604 | +0.184% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02600 | +0.023% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02603 | +0.172% | $268K | $67K | 10x | as long as short |
| BloFin MON-USDT | +0.0139% | 4h | 0.02595 | −0.150% | $1.4M | $246K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0142% | 1h | 0.02599 | +0.021% | $2K | $73K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02601 | +0.096% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0314% | 1h | 0.02601 | +0.065% | $138K | $136K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0392% | 4h | 0.02607 | +0.312% | $3.2M | $747K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02600 | +0.050% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.300% | $114K | $50K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
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
Kraken Futures PF_MONUSD
BloFin MON-USDT
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX