MON

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0584%/8h= −64.0% APRnext payment −$0.73 per $10,000 · paid last 24h −0.186%

Price spread now: Phoenix against Aftermath Perps+0.117%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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 0.117% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02507	0.0584	pay 0.0073% / 1h	39m 23s	$5K	$101K	10x
Short	Phoenix MON	0.02510	0	get 0.0000% / 1h	39m 23s	$13K	$349K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aftermath Perps. 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 Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$122.68
Price spread: +0.117% → 0.000%: $11.67
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$127.02
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 62 min ago	1.20 bp	12.9 bp −$13	44.5 bp −$445	doesn't fit	doesn't fit

Aftermath Perps: 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
Injective MON/USDC PERP	−0.0032%	1h	0.02500	−0.270%	$5K	$110	5.5x	as long as short
Phoenix MONshort	0.0000%	1h	0.02510	+0.117%	$13K	$349K	5x
Perpl MON	0.0000%	43m	0.02506	−0.023%	$126K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0069%	1h	0.02511	+0.188%	$73K	$138K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02508	+0.049%	$804K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02504	−0.097%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02508	+0.066%	$394K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02507	+0.006%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02510	+0.119%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02508	+0.049%	$139K	$92K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02504	−0.096%	$23.8M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02505	−0.071%	$20.8M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02506	−0.031%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02505	−0.071%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02507	+0.009%	$945K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02511	+0.169%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02508	+0.049%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02511	+0.176%	$110K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02507	+0.009%	$744K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02509	+0.072%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02511	+0.169%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02510	+0.129%	$68K	$538K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02511	+0.169%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02510	+0.129%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02508	+0.042%	$47K	$314K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02511	+0.169%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02511	+0.153%	$6K	—	50x	as long as short
Hyperliquid MON	+0.0277%	1h	0.02508	+0.069%	$33.9M	$7.8M	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02508	+0.049%	$1.3M	$341K	75x	as long as short
01 Exchange MONUSD	+0.0344%	1h	0.02505	−0.075%	$6K	$3K	5x	as long as short
Aftermath Perps MONUSDlong	+0.0584%	1h	0.02507	long leg	$5K	$101K	10x
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.320%	$111K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1200%	1h	0.02512	+0.222%	$270K	$119K	10x	as long as short