Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.004%
Price spread now: Phoenix against Aevo−0.094%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.094% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 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 | Aevo MON-PERP | 0.02540 | 0.0104 | pay 0.0013% / 1h | 3m 57s | $38K | — | 3x |
| Short | Phoenix MON | 0.02538 | 0 | get 0.0000% / 1h | 3m 57s | $13K | $349K | 5x |
Aevo MON-PERP
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aevo. 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
- −$21.84
- Price spread: −0.094% → 0.000%
- −$9.45
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$54.29
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 62 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 62 min ago | 1.16 bp | 13.0 bp −$13 | 44.7 bp −$447 | doesn't fit | doesn't fit |
Aevo: 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 | +0.236% | $6K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0093% | 8h | 0.02541 | +0.039% | $20.9M | $12.8M | 50x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02538 | −0.094% | $13K | $349K | 5x | |
| 01 Exchange MONUSD | +0.0024% | 1h | 0.02542 | +0.083% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0026% | 1h | 0.02541 | +0.055% | $69K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0076% | 4h | 0.02541 | +0.039% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02542 | +0.079% | $847K | $743K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02539 | −0.053% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02544 | +0.155% | $408K | $545K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02542 | +0.098% | $34.5M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02541 | +0.044% | $102K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02540 | +0.005% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02540 | −0.016% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02542 | +0.072% | $24.2M | $25.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02539 | −0.039% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02531 | −0.369% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02540 | 0.000% | $949K | $906K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02541 | +0.039% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02541 | +0.039% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02542 | +0.075% | $118K | $153K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02536 | −0.155% | $754K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02538 | −0.088% | $43K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02537 | −0.117% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02540 | 0.000% | $68K | $497K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02540 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02543 | +0.118% | $49K | $517K | 10x | as long as short |
| Aevo MON-PERPlong | +0.0104% | 1h | 0.02540 | long leg | $38K | — | 3x | |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02541 | +0.031% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0308% | 1h | 0.02542 | +0.083% | $2K | $79K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02543 | +0.102% | $106K | $2.3M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02556 | +0.622% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0841% | 1h | 0.02543 | +0.135% | $268K | $97K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD