MON

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.003%

Price spread now: dYdX against Phoenix−0.169%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.169% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.6 days of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MON	0.02478	0	get 0.0000% / 1h	30m 37s	$12K	$355K	5x
Short	dYdX MON-USD	0.02474	0.0100	get 0.0013% / 1h	30m 37s	$12K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee dYdXbpOrdersPrice spread, now −0.169%Rate

Funding earned: $21
Price spread: −0.169% → 0.000%: −$16.95
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$12.95
Costs to cover: 0.170%
Break-even: 11.3 days

Slippage unknown: Phoenix: live order book, 16 min ago; dYdX: no order-book sample. Net counts fees only.

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, 16 min ago	0.80 bp	12.9 bp −$13	52.5 bp −$525	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Backpack MON_USDC_PERP	−0.0120%	1h	0.02477	−0.052%	$115K	$156K	10x	as long as short
Bybit MONUSDT	−0.0009%	8h	0.02475	−0.117%	$20.3M	$13.6M	50x	as long as short
Phoenix MONlong	0.0000%	1h	0.02478	long leg	$12K	$355K	5x
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02476	−0.089%	$73K	$136K	25x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02478	−0.004%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	+0.448%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02475	−0.117%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02477	−0.036%	$816K	$755K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02476	−0.065%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02477	−0.033%	$409K	$569K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02478	−0.012%	$33.2M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02476	−0.068%	$99K	$221K	10x	as long as short
dYdX MON-USDshort	+0.0100%	1h	0.02474	−0.169%	$12K	—	5x
Pacifica MON	+0.0100%	1h	0.02477	−0.016%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02476	−0.061%	$23.5M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02476	−0.077%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02475	−0.117%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02476	−0.077%	$926K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02480	+0.085%	$2.8M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02479	+0.044%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02473	−0.213%	$732K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02473	−0.197%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02477	−0.049%	$557K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02477	−0.036%	$67K	$527K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02475	−0.117%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02477	−0.024%	$47K	$288K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02474	−0.157%	$37K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02476	−0.093%	$6K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0230%	1h	0.02482	+0.165%	$5K	$81K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02472	−0.238%	$1.3M	$346K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02477	−0.020%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+2.103%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1027%	1h	0.02479	+0.044%	$266K	$119K	10x	as long as short