MON

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.003%

Price spread now: Phoenix against SoDEX+0.276%7-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 Phoenix

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. Phoenix is 0.276% dearer against SoDEX than usual: you sell high and buy low (spread +0.276% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MON-USD	0.02496	0.0100	pay 0.0013% / 1h	37m 01s	$5K	$6K	5x
Short	Phoenix MON	0.02503	0	get 0.0000% / 1h	37m 01s	$13K	$353K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.276%Rate

Funding earned: −$21
Price spread: +0.276% → 0.000%: $27.64
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$8.36
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 5 min ago. 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 Phoenix live order book, 5 min ago	1.20 bp	12.9 bp −$13	44.5 bp −$445	doesn't fit	doesn't fit

SoDEX: 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 MONshort	0.0000%	1h	0.02503	+0.276%	$13K	$353K	5x
Bybit MONUSDT	+0.0058%	8h	0.02491	−0.196%	$20.5M	$13.7M	50x	as long as short
Orderly PERP_MON_USDC	+0.0086%	4h	0.02496	0.000%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02496	0.000%	$800K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02494	−0.062%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02499	+0.116%	$397K	$572K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02495	−0.057%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02494	−0.067%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02496	+0.016%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02492	−0.150%	$23.7M	$27.5M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MON-USDT-SWAP	+0.0100%	4h	0.02492	−0.160%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.160%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02495	−0.040%	$934K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02499	+0.120%	$2.8M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02495	−0.040%	$2.7M	$2.2M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02496	−0.016%	$111K	$155K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02496	−0.017%	$741K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02493	−0.119%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02500	+0.160%	$555K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02498	+0.080%	$68K	$534K	50x	as long as short
SoDEX MON-USDlong	+0.0100%	1h	0.02496	long leg	$5K	$6K	5x
Extended MON-USD	+0.0104%	1h	0.02496	+0.015%	$48K	$266K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02496	−0.020%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02503	+0.280%	$5K	$110	5.5x	as long as short
Aftermath Perps MONUSD	+0.0207%	1h	0.02497	+0.041%	$6K	$98K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02496	−0.020%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0240%	1h	0.02496	+0.016%	$7K	$2K	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02498	+0.080%	$1.3M	$348K	75x	as long as short
Hyperliquid MON	+0.0407%	1h	0.02496	+0.004%	$33.7M	$7.8M	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0431%	1h	0.02497	+0.056%	$73K	$135K	25x	as long as short
Perpl MON	+0.0447%	43m	0.02497	+0.036%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02508	+0.489%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0845%	1h	0.02500	+0.165%	$269K	$118K	10x	as long as short