Funding you earn now, next payment 03:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.027%
Price spread now: BloFin against Phoenix−0.100%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$690.691% of the position
Funding, last 7 days+0.418%+$42 on $10k
+Price spread, last 4 days (all we have)+0.374%+$37 · spread now −0.100%, 7d avg −0.013%
=Funding pays, the price is against you. BloFin is 0.087% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.013%). If the spread goes back, that is −$9 on $10k: about 21 hours of funding at the current rate (+$10 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02502 | 0 | get 0.0000% / 1h | 19m 05s | $12K | $359K | 5x |
| Short | BloFin MON-USDT | 0.02500 | 0.0340 | get 0.0170% / 4h | 19m 05s | $1.3M | $337K | 75x |
Phoenix MON
BloFin MON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phoenix. 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
- $71.4
- Price spread: −0.100% → −0.013%
- −$8.74
- Slippage, 4 orders
- −$50.09
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$6.42
- Costs to cover
- 0.691%
- Break-even
- 7.6 days
Slippage from Phoenix: live order book, 37 min ago; BloFin: live order book, 3 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 Phoenix live order book, 37 min ago | 1.19 bp | 13.1 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 5.99 bp | 26.0 bp −$26 | 48.8 bp −$488 | 120.6 bp −$12.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0240% | 1h | 0.02502 | −0.004% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0184% | 1h | 0.02504 | +0.064% | $113K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02498 | −0.180% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0147% | 8h | 0.02502 | −0.020% | $20.6M | $13.3M | 50x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02502 | long leg | $12K | $359K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02505 | +0.092% | $107K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0030% | 1h | 0.02504 | +0.064% | $74K | $136K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0072% | 4h | 0.02504 | +0.060% | $16K | $38K | 10x | as long as short |
| Variational Omni MON | +0.0076% | 8h | 0.02500 | −0.118% | $738K | $409K | — | as long as short |
| Paradex MON-USD-PERP | +0.0093% | 8h | 0.02500 | −0.096% | $8K | $42 | 5x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Variational Omni MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MON | +0.0096% | 1h | 0.02504 | +0.060% | $843K | $749K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02504 | +0.073% | $424K | $574K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02505 | +0.104% | $33.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02504 | +0.069% | $100K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02503 | +0.030% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02503 | +0.012% | $138K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02503 | +0.020% | $23.8M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02501 | −0.060% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | +0.095% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02503 | +0.020% | $939K | $993K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02506 | +0.140% | $2.8M | $757K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02505 | +0.100% | $2.7M | $2.2M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02503 | +0.038% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02506 | +0.147% | $562K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02502 | −0.020% | $67K | $511K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02503 | +0.020% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02505 | +0.099% | $48K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02502 | 0.000% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0255% | 1h | 0.02504 | +0.062% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02503 | +0.012% | $9K | — | 50x | as long as short |
| BloFin MON-USDTshort | +0.0340% | 4h | 0.02500 | −0.100% | $1.3M | $337K | 75x | |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02507 | +0.188% | $109K | $57K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0544% | 1h | 0.02506 | +0.128% | $269K | $114K | 10x | as long as short |
Lighter MON
Nado MON-PERP
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
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]
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD