Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.068%
Price spread now: Phoenix against KuCoin−0.150%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$950.946% of the position
Funding, last 7 days−0.254%−$25 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.150%, 7d avg −0.042%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.108% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MONUSDTM | 0.02527 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $2.9M | $760K | 75x |
| Short | Phoenix MON | 0.02523 | 0 | get 0.0000% / 1h | 44m 50s | $12K | $358K | 5x |
KuCoin MONUSDTM
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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: −0.150% → −0.042%
- −$10.83
- Slippage, 4 orders
- −$75.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$126.45
- Costs to cover
- 0.946%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Phoenix: live order book, 7 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 KuCoin live order book, 2 min ago | 11.87 bp | 38.1 bp −$38 | 909.2 bp −$9,092 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 7 min ago | 1.19 bp | 13.1 bp −$13 | 44.7 bp −$447 | 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 | −0.0203% | 1h | 0.02528 | +0.040% | $5K | $111 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0050% | 8h | 0.02521 | −0.237% | $20.8M | $13.4M | 50x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02523 | −0.150% | $12K | $358K | 5x | |
| Orderly PERP_MON_USDC | +0.0072% | 4h | 0.02524 | −0.119% | $16K | $34K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02525 | −0.079% | $847K | $732K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02521 | −0.237% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02524 | −0.135% | $34.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02525 | −0.078% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02523 | −0.175% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02524 | −0.131% | $139K | $93K | 3x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MONUSDT | +0.0100% | 4h | 0.02522 | −0.198% | $24.0M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02522 | −0.198% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02525 | −0.079% | $104K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02524 | −0.119% | $947K | $980K | 50x | as long as short |
| KuCoin MONUSDTMlong | +0.0100% | 4h | 0.02527 | long leg | $2.9M | $760K | 75x | |
| Bitget MONUSDT | +0.0100% | 4h | 0.02525 | −0.079% | $2.7M | $2.2M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02525 | −0.095% | $112K | $151K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02522 | −0.215% | $745K | $410K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02523 | −0.154% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02523 | −0.152% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02525 | −0.079% | $68K | $515K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02524 | −0.126% | $420K | $583K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02523 | −0.158% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02525 | −0.071% | $48K | $519K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02523 | −0.174% | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0146% | 1h | 0.02524 | −0.119% | $74K | $136K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0200% | 1h | 0.02522 | −0.182% | $6K | $1K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02522 | −0.206% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0295% | 1h | 0.02524 | −0.129% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02524 | −0.119% | $1.3M | $340K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0368% | 1h | 0.02533 | +0.257% | $110K | $57K | 50x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02523 | −0.150% | $114K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0722% | 1h | 0.02527 | 0.000% | $271K | $113K | 10x | as long as short |
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
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Perpl MON
Kraken Futures PF_MONUSD