Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.004%
Price spread now: Phoenix against Extended−0.098%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days−0.275%−$27 on $10k
+Price spread, last 3 days (all we have)+0.213%+$21 · spread now −0.098%, 7d avg −0.063%
=Together, before fees−0.061%+ Points / potential airdropExtended: Active · farm board−$6 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 0.035% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MON-USD | 0.02579 | 0.0104 | pay 0.0013% / 1h | 19m 13s | $52K | $407K | 10x |
| Short | Phoenix MON | 0.02577 | 0 | get 0.0000% / 1h | 19m 13s | $13K | $362K | 5x |
Extended MON-USD
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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: −0.098% → −0.063%
- −$3.48
- Slippage, 4 orders
- −$65.18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$102.5
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from Extended: live order book, 63 min ago; Phoenix: live order book, 62 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 Extended live order book, 63 min ago | 3.85 bp | 25.4 bp −$25 | 237.2 bp −$2,372 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 62 min ago | 1.15 bp | 13.2 bp −$13 | 44.6 bp −$446 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02582 | +0.111% | $6K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0052% | 8h | 0.02573 | −0.245% | $21.4M | $11.8M | 50x | as long as short |
| 01 Exchange MONUSD | 0.0000% | 1h | 0.02578 | −0.036% | $6K | $1K | 5x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02577 | −0.098% | $13K | $362K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02577 | −0.090% | $143K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02577 | −0.098% | $70K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0017% | 1h | 0.02578 | −0.053% | $2K | $73K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0067% | 4h | 0.02575 | −0.160% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0084% | 8h | 0.02575 | −0.161% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02578 | −0.044% | $854K | $773K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02581 | +0.054% | $388K | $539K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02579 | −0.001% | $34.9M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02577 | −0.082% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02579 | +0.005% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02577 | −0.082% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02576 | −0.121% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02572 | −0.276% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02578 | −0.060% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02576 | −0.121% | $1.0M | $872K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02577 | −0.082% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02576 | −0.133% | $128K | $143K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02575 | −0.172% | $780K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02577 | −0.064% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02579 | −0.005% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02578 | −0.044% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02575 | −0.160% | $5K | $6K | 5x | as long as short |
| Extended MON-USDlong | +0.0104% | 1h | 0.02579 | long leg | $52K | $407K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02575 | −0.160% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0174% | 1h | 0.02579 | −0.014% | $271K | $78K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02577 | −0.075% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0294% | 4h | 0.02582 | +0.111% | $3.2M | $696K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02577 | −0.082% | $1.3M | $293K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +1.069% | $114K | $49K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
BloFin MON-USDT
Coinbase International MON-PERP-INTX