Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.005%
Price spread now: Pacifica against Phoenix+0.097%47s7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as 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−$640.639% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.097%, 7d avg −0.024%
=Together, before fees−0.014%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.120% dearer against Phoenix than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.024%. The two prices were read 47 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 | 0.02587 | 0 | get 0.0000% / 1h | 50m 14s | $13K | $360K | 5x |
| Short | Pacifica MON | 0.02589 | 0.0100 | get 0.0013% / 1h | 50m 14s | $143K | $105K | 3x |
Phoenix MON
Pacifica MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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: +0.097% → −0.024%
- $12.04
- Slippage, 4 orders
- −$48.92
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$30.88
- Costs to cover
- 0.639%
- Break-even
- 17.3 days
Slippage from Phoenix: live order book, 26 min ago; Pacifica: live order book, 27 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, 26 min ago | 1.16 bp | 12.9 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 27 min ago | 3.88 bp | 20.1 bp −$20 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0121% | 1h | 0.02575 | −0.460% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0072% | 1h | 0.02592 | +0.178% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0065% | 8h | 0.02587 | +0.004% | $21.4M | $12.0M | 50x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02587 | long leg | $13K | $360K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02591 | +0.158% | $128K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02591 | +0.147% | $70K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0030% | 1h | 0.02582 | −0.205% | $2K | $74K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0067% | 4h | 0.02589 | +0.081% | $17K | $64K | 10x | as long as short |
| Variational Omni MON | +0.0088% | 8h | 0.02583 | −0.144% | $781K | $409K | — | as long as short |
| Paradex MON-USD-PERP | +0.0091% | 8h | 0.02590 | +0.118% | $8K | $42 | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
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 | 0.02589 | +0.081% | $857K | $784K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02592 | +0.214% | $396K | $547K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02591 | +0.170% | $35.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02590 | +0.101% | $109K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02588 | +0.030% | $13K | — | 5x | as long as short |
| Pacifica MONshort | +0.0100% | 1h | 0.02589 | +0.097% | $143K | $105K | 3x | |
| Binance MONUSDT | +0.0100% | 4h | 0.02589 | +0.081% | $24.6M | $25.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02586 | −0.035% | $4.4M | $6.0M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02588 | +0.043% | $996K | $870K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02590 | +0.120% | $2.8M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02590 | +0.104% | $129K | $141K | 10x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02584 | −0.127% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02587 | +0.004% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02590 | +0.120% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02588 | +0.043% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02588 | +0.037% | $109K | $3K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02593 | +0.245% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02590 | +0.101% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0250% | 4h | 0.02593 | +0.236% | $3.0M | $715K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02591 | +0.143% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02588 | +0.043% | $1.3M | $310K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0417% | 1h | 0.02591 | +0.148% | $272K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02597 | +0.398% | $114K | $50K | 50x | as long as short |
Lighter MON
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX