Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.007%
Price spread now: SoDEX against Phoenix+0.032%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.032% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | 0.02519 | 0 | get 0.0000% / 1h | 41m 37s | $13K | $346K | 5x |
| Short | SoDEX MON-USD | 0.02520 | 0.0100 | get 0.0013% / 1h | 41m 37s | $5K | $6K | 5x |
Phoenix MON
SoDEX MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: +0.032% → 0.000%
- $3.18
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $9.18
- Costs to cover
- 0.150%
- Break-even
- 3.9 days
Slippage unknown: Phoenix: live order book, 55 min ago; SoDEX: 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, 55 min ago | 1.20 bp | 13.2 bp −$13 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | −0.0142% | 1h | 0.02520 | +0.036% | $110K | $157K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −0.564% | $5K | $108 | 5.5x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02519 | long leg | $13K | $346K | 5x | |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02521 | +0.052% | $73K | $137K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02518 | −0.048% | $809K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02516 | −0.140% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02522 | +0.127% | $392K | $573K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02519 | 0.000% | $34.0M | $7.8M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02519 | −0.022% | $100K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02519 | −0.022% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02518 | −0.036% | $139K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02516 | −0.127% | $24.0M | $27.5M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02517 | −0.087% | $21.0M | $13.9M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02517 | −0.087% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02510 | −0.364% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02518 | −0.048% | $945K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02520 | +0.032% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02518 | −0.048% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02516 | −0.144% | $747K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02517 | −0.095% | $41K | $252K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02520 | +0.032% | $561K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02519 | −0.008% | $68K | $542K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02520 | +0.032% | $16K | $40K | 10x | as long as short |
| SoDEX MON-USDshort | +0.0100% | 1h | 0.02520 | +0.032% | $5K | $6K | 5x | |
| Extended MON-USD | +0.0104% | 1h | 0.02520 | +0.034% | $60K | $328K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02519 | +0.012% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0168% | 1h | 0.02516 | −0.131% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02521 | +0.064% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02516 | −0.127% | $1.3M | $371K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02516 | −0.111% | $119K | $2.2M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0480% | 1h | 0.02517 | −0.081% | $5K | $103K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02525 | +0.230% | $111K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0794% | 1h | 0.02522 | +0.114% | $271K | $118K | 10x | as long as short |
Pacifica MON
Binance MONUSDT
Bybit 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
Orderly PERP_MON_USDC
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD