Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.011%
Price spread now: Phoenix against ApeX Omni0.000%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now 0.000%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.032% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MONUSDT | 0.02526 | 0.0100 | pay 0.0013% / 1h | 54m 13s | $68K | $547K | 50x |
| Short | Phoenix MON | 0.02526 | 0 | get 0.0000% / 1h | 54m 13s | $13K | $281K | 5x |
ApeX Omni MONUSDT
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX 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: 0.000% → +0.032%
- −$3.21
- Slippage, 4 orders
- −$54.24
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$95.44
- Costs to cover
- 0.712%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 56 min ago; Phoenix: live order book, 55 min ago.
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 ApeX Omni live order book, 56 min ago | 13.75 bp | 22.5 bp −$23 | 103.9 bp −$1,039 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 55 min ago | 1.18 bp | 13.1 bp −$13 | 44.7 bp −$447 | doesn't fit | doesn't fit |
MON on 33 exchanges
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 | −0.0246% | 1h | 0.02541 | +0.594% | $6K | $101 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0146% | 1h | 0.02522 | −0.170% | $74K | $112K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0048% | 1h | 0.02523 | −0.135% | $6K | $2K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0020% | 1h | 0.02525 | −0.059% | $111K | $149K | 10x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02526 | 0.000% | $13K | $281K | 5x | |
| Bybit MONUSDT | +0.0087% | 8h | 0.02519 | −0.277% | $21.1M | $13.4M | 50x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02524 | −0.079% | $828K | $737K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02521 | −0.182% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02526 | −0.003% | $392K | $571K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02525 | −0.032% | $33.9M | $6.5M | 5x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Backpack MON_USDC_PERP
Bybit MONUSDT
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02523 | −0.099% | $100K | $205K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02523 | −0.129% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02524 | −0.087% | $140K | $87K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02521 | −0.181% | $24.3M | $26.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02520 | −0.238% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.226% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02523 | −0.119% | $1.1M | $1.2M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02523 | −0.119% | $2.9M | $755K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02523 | −0.119% | $2.8M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02520 | −0.243% | $753K | $378K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02522 | −0.166% | $42K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02524 | −0.068% | $571K | $1.4M | 10x | as long as short |
| ApeX Omni MONUSDTlong | +0.0100% | 1h | 0.02526 | long leg | $68K | $547K | 50x | |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02523 | −0.119% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02521 | −0.198% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02524 | −0.096% | $59K | $323K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02521 | −0.198% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02524 | −0.091% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02525 | −0.040% | $1.4M | $389K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02525 | −0.051% | $117K | $2.1M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0696% | 1h | 0.02524 | −0.062% | $272K | $124K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0721% | 1h | 0.02526 | +0.017% | $5K | $96K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02539 | +0.503% | $112K | $50K | 50x | 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
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX