MON

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.041%

Price spread now: Phoenix against 01 Exchange+0.647%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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 0.647% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.647% now, against zero (this spread has no 7-day history yet)): +$65 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MONUSD	0.02536	0.0016	pay 0.0002% / 1h	8m 58s	$6K	$1K	5x
Short	Phoenix MON	0.02552	0	get 0.0000% / 1h	8m 58s	$13K	$349K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against 01 Exchange. 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 01 ExchangebpFee PhoenixbpOrdersPrice spread, now +0.647%Rate

Funding earned: −$3.36
Price spread: +0.647% → 0.000%: $64.68
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $47.32
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Phoenix: live order book, 57 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 57 min ago	1.16 bp	13.0 bp −$13	44.7 bp −$447	doesn't fit	doesn't fit

01 Exchange: 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 32 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	−0.0388%	1h	0.02546	+0.410%	$6K	$109	5.5x	as long as short
Bybit MONUSDT	−0.0089%	8h	0.02534	−0.063%	$20.9M	$12.8M	50x	as long as short
Phoenix MONshort	0.0000%	1h	0.02552	+0.647%	$13K	$349K	5x
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02536	+0.004%	$68K	$125K	25x	as long as short
01 Exchange MONUSDlong	+0.0016%	1h	0.02536	long leg	$6K	$1K	5x
Orderly PERP_MON_USDC	+0.0068%	4h	0.02537	+0.055%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02538	+0.095%	$846K	$742K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02536	−0.004%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02538	+0.083%	$34.4M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02537	+0.069%	$101K	$229K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02541	+0.207%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02537	+0.055%	$140K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02536	+0.016%	$24.2M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02534	−0.063%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02545	+0.366%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02534	−0.063%	$947K	$906K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02538	+0.095%	$2.9M	$743K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02537	+0.055%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02537	+0.039%	$118K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02547	+0.432%	$758K	$419K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02550	+0.558%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02552	+0.637%	$571K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02551	+0.607%	$68K	$497K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02538	+0.088%	$407K	$545K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02535	−0.024%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02538	+0.114%	$51K	$513K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02534	−0.043%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02535	−0.008%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0285%	1h	0.02548	+0.473%	$2K	$79K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02537	+0.059%	$106K	$2.3M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02556	+0.797%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0842%	1h	0.02539	+0.137%	$267K	$97K	10x	as long as short