data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

MON

all MON markets
SwapPrice view
Alert
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC+0.0014%/8h
next payment, per $10,000+$0.02paid, last 24h−0.111%paid, last 7 days−0.440%to open and closeno order book
Long on HyperliquidShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.025770.0296pay 0.0037% / 1h32m 44s$34.7M$7.7M5x
ShortPhoenix MON0.025760.0310get 0.0039% / 1h32m 44s$13K$420K5x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$2.96
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$13.04
Break-even
37.8 days
Slippage unknown: Hyperliquid: live order book, 12 min ago; Phoenix: live order book, 11 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.019%
Avg gap 7d
−0.064%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 12 min ago0.97 bp13.1 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 11 min ago1.16 bp13.2 bp −$1344.6 bp −$446doesn't fitdoesn't fit

MON on 32 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado MON-PERP+0.0100%1h$300K$508K10xas long as short
Aster MONUSDT+0.0100%4h$112K$223K10xas long as short
dYdX MON-USD+0.0100%1h$13K—5xas long as short
Pacifica MON+0.0100%1h$162K$88K3xas long as short
Binance MONUSDT+0.0100%4h$24.5M$23.2M75xas long as short
Bybit MONUSDT+0.0100%8h$21.3M$11.2M50xas long as short
OKX MON-USDT-SWAP+0.0100%4h$4.4M$6.4M50xas long as short
Bulk MON-USD+0.0100%1h$106K$25K10xas long as short
Gate MON_USDT+0.0100%4h$973K$930K50xas long as short
Bitget MONUSDT+0.0100%4h$2.7M$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Backpack MON_USDC_PERP+0.0100%1h$126K$125K10xas long as short
Variational Omni MON+0.0100%8h$796K$312K—as long as short
edgeX MONUSDC+0.0100%4h$47K$240K10xas long as short
ApeX Omni MONUSDT+0.0100%1h$69K$498K50xas long as short
Orderly PERP_MON_USDC+0.0100%4h$17K$71K10xas long as short
SoDEX MON-USD+0.0100%1h$5K$6K5xas long as short
Paradex MON-USD-PERP+0.0100%8h$8K—5xas long as short
Extended MON-USD+0.0104%1h$45K$402K10xas long as short
Aevo MON-PERP+0.0104%1h$39K—3xas long as short
BloFin MON-USDT+0.0129%4h$1.4M$200K75xas long as short
Lighter MON+0.0168%1h$878K$771K10xas long as short
Injective MON/USDC PERP+0.0199%1h$6K$1105.5xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0343%1h$6K—50xas long as short
Hyperliquid MONlong+0.0296%1h$34.7M$7.7M5x
Phoenix MONshort+0.0310%1h$13K$420K5x
01 Exchange MONUSD+0.0408%1h$6K$1K5xas long as short
Perpl MON+0.0447%43m$219K$1.6M10xas long as short
KuCoin MONUSDTM+0.0454%4h$2.6M$703K75xas long as short
Deribit MON_USDC-PERPETUAL+0.0683%1h$44K$70K25xas long as short
Kraken Futures PF_MONUSD+0.0988%1h$255K$70K10xas long as short
Coinbase International MON-PERP-INTX+0.1176%1h$115K$41K50xas long as short
Aftermath Perps MONUSD+0.1385%1h$6K$83K10xas long as short