Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.005%
Price spread now: Phoenix against Variational Omni−0.121%69s7-day average +0.156% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)+0.336%+$34 · spread now −0.121%, 7d avg +0.156%
=Together, before fees+0.352%+ Points / potential airdropVariational Omni: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.278% cheaper against Variational Omni than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.156%). Swap the legs. The two prices were read 69 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 | Variational Omni MON | 0.02558 | 0.0100 | pay 0.0100% / 8h | 7h 44m | $771K | $407K | — |
| Short | Phoenix MON | 0.02555 | 0 | get 0.0000% / 1h | 44m 19s | $13K | $351K | 5x |
Variational Omni MON
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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: −0.121% → +0.156%
- −$27.77
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$55.77
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 30 min ago; Phoenix: live order book, 27 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 Variational Omni RFQ quote, 30 min ago | 13.71 bp | doesn't fit | 127.3 bp −$1,273 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 27 min ago | 1.17 bp | 13.0 bp −$13 | 44.6 bp −$446 | 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 | −0.0444% | 1h | 0.02556 | −0.063% | $6K | $105 | 5.5x | as long as short |
| Backpack MON_USDC_PERP | −0.0038% | 1h | 0.02568 | +0.406% | $127K | $141K | 10x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02555 | −0.121% | $13K | $351K | 5x | |
| 01 Exchange MONUSD | +0.0048% | 1h | 0.02573 | +0.598% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02571 | +0.524% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02575 | +0.680% | $855K | $751K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02570 | +0.485% | $8K | $42 | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0100% | 1h | 0.02573 | +0.618% | $69K | $119K | 25x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02576 | +0.731% | $393K | $540K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02575 | +0.672% | $34.9M | $7.7M | 5x | as long as short |
Injective MON/USDC PERP
Backpack MON_USDC_PERP
01 Exchange MONUSD
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Deribit MON_USDC-PERPETUAL
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 | 0.02571 | +0.518% | $107K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02567 | +0.360% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02570 | +0.481% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02575 | +0.671% | $24.6M | $25.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02572 | +0.563% | $21.3M | $12.2M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02573 | +0.602% | $4.3M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02550 | −0.297% | $105K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02570 | +0.485% | $982K | $894K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02575 | +0.680% | $2.7M | $1.9M | 25x | as long as short |
| Variational Omni MONlong | +0.0100% | 8h | 0.02558 | long leg | $771K | $407K | — | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02552 | −0.200% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02556 | −0.049% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02559 | +0.055% | $68K | $484K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02573 | +0.602% | $5K | $6K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0100% | 1h | 0.02560 | +0.095% | $3K | $75K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02580 | +0.862% | $49K | $455K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02573 | +0.586% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0200% | 4h | 0.02575 | +0.680% | $3.0M | $721K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02573 | +0.582% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02553 | −0.180% | $1.3M | $306K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02572 | +0.555% | $123K | $1.8M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0464% | 1h | 0.02577 | +0.760% | $271K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02568 | +0.399% | $113K | $49K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Aftermath Perps MONUSD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX