Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h −0.004%
Price spread now: Orderly against Phoenix+0.252%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.252% dearer against Phoenix than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02500 | 0 | get 0.0000% / 1h | 4m 50s | $13K | $353K | 5x |
| Short | Orderly PERP_MON_USDC | 0.02506 | 0.0088 | get 0.0044% / 4h | 1h 04m | $16K | $48K | 10x |
Phoenix MON
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $18.56
- Price spread: +0.252% → 0.000%
- $25.2
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $30.76
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 37 min ago; Orderly: 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, 37 min ago | 1.20 bp | 12.9 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MONlong | 0.0000% | 1h | 0.02500 | long leg | $13K | $353K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02503 | +0.136% | $126K | $2.2M | 10x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0088% | 4h | 0.02506 | +0.252% | $16K | $48K | 10x | |
| Lighter MON | +0.0096% | 1h | 0.02506 | +0.252% | $804K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02504 | +0.169% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02510 | +0.392% | $394K | $575K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02505 | +0.217% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02506 | +0.235% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02505 | +0.212% | $139K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02505 | +0.212% | $23.8M | $27.5M | 75x | as long as short |
Perpl MON
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | +0.0100% | 8h | 0.02505 | +0.212% | $20.8M | $13.8M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02505 | +0.212% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | +0.012% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02506 | +0.252% | $934K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02507 | +0.292% | $2.9M | $767K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02508 | +0.332% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02508 | +0.316% | $110K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02504 | +0.154% | $743K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02499 | −0.027% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02501 | +0.052% | $564K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02502 | +0.092% | $68K | $535K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02506 | +0.252% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02509 | +0.364% | $47K | $268K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02506 | +0.252% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02500 | +0.012% | $5K | $113 | 5.5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02506 | +0.236% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0264% | 1h | 0.02506 | +0.240% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02506 | +0.252% | $1.3M | $348K | 75x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0349% | 1h | 0.02507 | +0.308% | $73K | $138K | 25x | as long as short |
| Hyperliquid MON | +0.0398% | 1h | 0.02509 | +0.368% | $33.9M | $7.8M | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0441% | 1h | 0.02504 | +0.173% | $6K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02511 | +0.460% | $110K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0843% | 1h | 0.02508 | +0.333% | $269K | $119K | 10x | as long as short |
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
BloFin MON-USDT
Deribit MON_USDC-PERPETUAL
Hyperliquid MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD