Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.007%
Price spread now: Phoenix against edgeX−0.170%7-day average +0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$740.737% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)+0.353%+$35 · spread now −0.170%, 7d avg +0.077%
=Together, before fees+0.128%+ Points / potential airdropedgeX: Active · farm board+$13 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 0.247% cheaper against edgeX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MONUSDC | 0.02562 | 0.0100 | pay 0.0050% / 4h | 2h 59m | $42K | $251K | 10x |
| Short | Phoenix MON | 0.02558 | 0 | get 0.0000% / 1h | 59m 37s | $14K | $346K | 5x |
edgeX MONUSDC
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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: −0.170% → +0.077%
- −$24.66
- Slippage, 4 orders
- −$57.75
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$119.41
- Costs to cover
- 0.737%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 33 min ago; Phoenix: live order book, 32 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 edgeX live order book, 33 min ago | 10.01 bp | 25.1 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 min ago | 1.20 bp | 13.2 bp −$13 | 44.5 bp −$445 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0143% | 1h | 0.02559 | −0.096% | $114K | $152K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −2.223% | $5K | $108 | 5.5x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02558 | −0.170% | $14K | $346K | 5x | |
| Lighter MON | +0.0096% | 1h | 0.02557 | −0.193% | $833K | $758K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02555 | −0.281% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02560 | −0.058% | $393K | $577K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02557 | −0.207% | $101K | $202K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02557 | −0.182% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02555 | −0.256% | $142K | $89K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02556 | −0.226% | $24.6M | $26.8M | 75x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | +0.0100% | 8h | 0.02554 | −0.318% | $21.3M | $13.4M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02553 | −0.350% | $4.3M | $6.1M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02558 | −0.154% | $1.0M | $1.1M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02557 | −0.193% | $2.9M | $762K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02556 | −0.232% | $2.8M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02553 | −0.368% | $759K | $376K | — | as long as short |
| edgeX MONUSDClong | +0.0100% | 4h | 0.02562 | long leg | $42K | $251K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02559 | −0.115% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02560 | −0.076% | $69K | $545K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02557 | −0.193% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02559 | −0.115% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02542 | −0.788% | $104K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02561 | −0.019% | $61K | $329K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02558 | −0.154% | $39K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0184% | 1h | 0.02560 | −0.092% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02555 | −0.291% | $7K | — | 50x | as long as short |
| Hyperliquid MON | +0.0282% | 1h | 0.02559 | −0.111% | $34.5M | $6.5M | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02561 | −0.037% | $1.4M | $404K | 75x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0375% | 1h | 0.02560 | −0.076% | $73K | $135K | 25x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02559 | −0.127% | $119K | $2.1M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0631% | 1h | 0.02557 | −0.190% | $4K | $97K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02575 | +0.513% | $114K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0781% | 1h | 0.02562 | +0.016% | $275K | $118K | 10x | as long as short |
Bybit MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
Hyperliquid MON
BloFin MON-USDT
Deribit MON_USDC-PERPETUAL
Perpl MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD