MON

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0353%/8h= −38.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.016%

Price spread now: Injective against SoDEX+0.040%62s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Injective is 0.040% dearer against SoDEX than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 62 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	SoDEX MON-USD	0.02530	0.0100	pay 0.0013% / 1h	40m 07s	$5K	$6K	5x
Short	Injective MON/USDC PERP	0.02531	−0.0253	pay 0.0032% / 1h	40m 07s	$5K	$106	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. 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 SoDEXbpFee InjectivebpOrdersPrice spread, now +0.040%Rate

Funding earned: −$74.05
Price spread: +0.040% → 0.000%: $3.95
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$78.12
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

SoDEX and 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
Phoenix MON	−0.0316%	1h	0.02528	−0.063%	$13K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0264%	1h	0.02532	+0.091%	$114K	$151K	10x	as long as short
Injective MON/USDC PERPshort	−0.0253%	1h	0.02531	+0.040%	$5K	$106	5.5x
Bybit MONUSDT	−0.0148%	8h	0.02528	−0.079%	$20.7M	$12.9M	50x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02534	+0.174%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02531	+0.051%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0077%	4h	0.02531	+0.040%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02533	+0.119%	$844K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02533	+0.107%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02535	+0.207%	$409K	$540K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02533	+0.130%	$34.3M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02533	+0.112%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02532	+0.071%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02532	+0.087%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02531	+0.040%	$24.1M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02528	−0.079%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	0.000%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02530	0.000%	$946K	$917K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02535	+0.198%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02532	+0.079%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02524	−0.257%	$750K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02536	+0.249%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	+0.282%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02537	+0.277%	$68K	$501K	50x	as long as short
SoDEX MON-USDlong	+0.0100%	1h	0.02530	long leg	$5K	$6K	5x
Extended MON-USD	+0.0104%	1h	0.02532	+0.064%	$50K	$521K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02530	+0.012%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02530	−0.004%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0266%	1h	0.02533	+0.114%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02526	−0.158%	$1.3M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02534	+0.162%	$106K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0491%	1h	0.02535	+0.179%	$270K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02542	+0.466%	$111K	$52K	50x	as long as short