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: Nado against Phoenix−0.033%7-day average +0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$64as 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)+0.208%+$21 · spread now −0.033%, 7d avg +0.103%
=Together, before fees+0.231%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.136% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.103%). If the spread goes back, that is −$14 on $10k: about 4.5 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.024% in total) that is about 20 days.
| 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 51s | $12K | $355K | 5x |
| Short | Nado MON-PERP | 0.02477 | 0.0100 | get 0.0012% / 1h | 30m 51s | $409K | $569K | 10x |
Phoenix MON
Nado MON-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $21
- Price spread: −0.033% → +0.103%
- −$13.65
- Slippage, 4 orders
- −$36.66
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$43.31
- Costs to cover
- 0.507%
- Break-even
- 21.4 days
Slippage from Phoenix: live order book, 16 min ago; Nado: live order book, 17 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, 16 min ago | 0.80 bp | 12.9 bp −$13 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell Nado live order book, 17 min ago | 2.60 bp | 10.7 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| 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 | +0.0032% | 1h | 0.02477 | −0.016% | $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 | 0.02475 | −0.103% | $7K | $42 | 5x | as long as short |
| Nado MON-PERPshort | +0.0100% | 1h | 0.02477 | −0.033% | $409K | $569K | 10x |
Backpack MON_USDC_PERP
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
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 | 0.02478 | −0.012% | $33.2M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02476 | −0.093% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02474 | −0.169% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02477 | −0.036% | $137K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02476 | −0.077% | $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 | 0.02478 | +0.004% | $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 | 0.02476 | −0.064% | $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 |
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
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD