Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.008%
Price spread now: Phoenix against Nado+0.211%7-day average −0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 3 days (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.386%−$39 · spread now +0.211%, 7d avg −0.103%
=Together, before fees−0.409%+ Points / potential airdropNado: Active · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.315% dearer against Nado than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of −0.103%): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 3 days (−0.024% in total) that is about 46 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MON-PERP | 0.02471 | 0.0100 | pay 0.0012% / 1h | 27m 18s | $406K | $571K | 10x |
| Short | Phoenix MON | 0.02476 | 0 | get 0.0000% / 1h | 27m 18s | $12K | $355K | 5x |
Nado MON-PERP
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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: +0.211% → −0.103%
- $31.47
- Slippage, 4 orders
- −$36.66
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$40.19
- Costs to cover
- 0.507%
- Break-even
- never at this rate
Slippage from Nado: live order book, 21 min ago; Phoenix: live order book, 19 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 Nado live order book, 21 min ago | 2.60 bp | 14.0 bp −$14 | 1649.3 bp −$16.5K | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 19 min ago | 0.80 bp | 12.9 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MON_USDC-PERPETUAL | −0.0236% | 1h | 0.02467 | −0.169% | $73K | $136K | 25x | as long as short |
| Backpack MON_USDC_PERP | −0.0141% | 1h | 0.02472 | +0.050% | $114K | $155K | 10x | as long as short |
| Bybit MONUSDT | −0.0018% | 8h | 0.02466 | −0.193% | $20.3M | $13.6M | 50x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02476 | +0.211% | $12K | $355K | 5x | |
| 01 Exchange MONUSD | +0.0008% | 1h | 0.02467 | −0.133% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02489 | +0.738% | $5K | $113 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02467 | −0.153% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02467 | −0.153% | $806K | $764K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02468 | −0.097% | $7K | $42 | 5x | as long as short |
| Nado MON-PERPlong | +0.0100% | 1h | 0.02471 | long leg | $406K | $571K | 10x |
Deribit MON_USDC-PERPETUAL
Backpack MON_USDC_PERP
Bybit MONUSDT
01 Exchange MONUSD
Injective MON/USDC PERP
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02470 | −0.027% | $33.1M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02470 | −0.031% | $98K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02473 | +0.080% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02470 | −0.031% | $136K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02466 | −0.177% | $23.4M | $27.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02467 | −0.153% | $4.1M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02475 | +0.171% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02468 | −0.112% | $922K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02474 | +0.130% | $2.8M | $764K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02470 | −0.031% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02473 | +0.074% | $732K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02476 | +0.194% | $41K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02477 | +0.252% | $557K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02476 | +0.211% | $67K | $527K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02466 | −0.193% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02468 | −0.105% | $47K | $288K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02466 | −0.181% | $37K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0227% | 1h | 0.02477 | +0.260% | $5K | $81K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02468 | −0.096% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02471 | +0.009% | $1.3M | $346K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02470 | −0.035% | $113K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +2.397% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1031% | 1h | 0.02469 | −0.057% | $265K | $119K | 10x | as long as short |
Hyperliquid MON
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
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD