MON

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.004%

Price spread now: Extended against Phoenix+0.035%68s7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$840.842% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$25 on $10k

Price spread, last 4 days (all we have)−0.392%−$39 · spread now +0.035%, 7d avg +0.066%

Together, before fees−0.138%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.031% cheaper against Phoenix than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.066%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day). The two prices were read 68 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	0.02505	0	get 0.0000% / 1h	22m 03s	$12K	$359K	5x
Short	Extended MON-USD	0.02506	0.0104	get 0.0013% / 1h	22m 03s	$48K	$517K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.035%Rate

Funding earned: $21.84
Price spread: +0.035% → +0.066%: −$3.08
Slippage, 4 orders: −$72.22
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.47
Costs to cover: 0.842%
Break-even: 28.0 days

Slippage from Phoenix: live order book, 34 min ago; Extended: live order book, 36 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, 34 min ago	1.19 bp	13.1 bp −$13	52.4 bp −$524	doesn't fit	doesn't fit
Sell Extended live order book, 36 min ago	5.98 bp	29.0 bp −$29	229.2 bp −$2,292	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
01 Exchange MONUSD	−0.0256%	1h	0.02505	−0.012%	$6K	$1K	5x	as long as short
Backpack MON_USDC_PERP	−0.0193%	1h	0.02504	−0.044%	$113K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02498	−0.271%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0150%	8h	0.02501	−0.160%	$20.6M	$13.3M	50x	as long as short
Phoenix MONlong	0.0000%	1h	0.02505	long leg	$12K	$359K	5x
Perpl MON	0.0000%	43m	0.02505	+0.016%	$107K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0071%	4h	0.02504	−0.032%	$16K	$40K	10x	as long as short
Variational Omni MON	+0.0077%	8h	0.02502	−0.130%	$740K	$409K	—	as long as short
Paradex MON-USD-PERP	+0.0092%	8h	0.02502	−0.125%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02505	+0.008%	$843K	$749K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02506	+0.061%	$425K	$574K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02503	−0.056%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02506	+0.032%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02508	+0.112%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02505	+0.008%	$138K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02503	−0.072%	$23.8M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02502	−0.112%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02505	+0.003%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02502	−0.112%	$938K	$993K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02506	+0.048%	$2.8M	$757K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02505	+0.008%	$2.7M	$2.2M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02504	−0.038%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02508	+0.120%	$562K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02505	+0.008%	$67K	$510K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	−0.032%	$5K	$6K	5x	as long as short
Extended MON-USDshort	+0.0104%	1h	0.02506	+0.035%	$48K	$517K	10x
Aevo MON-PERP	+0.0104%	1h	0.02504	−0.052%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0249%	1h	0.02506	+0.031%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02504	−0.048%	$9K	—	50x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0309%	1h	0.02505	+0.024%	$74K	$136K	25x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.048%	$1.3M	$338K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02528	+0.938%	$110K	$57K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0543%	1h	0.02508	+0.137%	$269K	$114K	10x	as long as short