MON

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.036%

Price spread now: 01 Exchange against Phoenix−0.343%112s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on 01 Exchange

What this pair did over the last

the charts below follow

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: 01 Exchange is 0.343% cheaper against Phoenix than usual: you would sell low and buy high, −$34 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 112 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	0.02476	0	get 0.0000% / 1h	27m 41s	$12K	$355K	5x
Short	01 Exchange MONUSD	0.02467	0.0008	get 0.0001% / 1h	27m 41s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.343%Rate

Funding earned: $1.68
Price spread: −0.343% → 0.000%: −$34.33
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$46.65
Costs to cover: 0.140%
Break-even: 201.4 days

Slippage unknown: Phoenix: live order book, 19 min ago; 01 Exchange: 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, 19 min ago	0.80 bp	12.9 bp −$13	52.5 bp −$525	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Deribit MON_USDC-PERPETUAL	−0.0195%	1h	0.02471	−0.218%	$73K	$136K	25x	as long as short
Backpack MON_USDC_PERP	−0.0141%	1h	0.02472	−0.162%	$114K	$155K	10x	as long as short
Bybit MONUSDT	−0.0018%	8h	0.02466	−0.404%	$20.3M	$13.6M	50x	as long as short
Phoenix MONlong	0.0000%	1h	0.02476	long leg	$12K	$355K	5x
01 Exchange MONUSDshort	+0.0008%	1h	0.02467	−0.343%	$6K	$1K	5x
Injective MON/USDC PERP	+0.0039%	1h	0.02489	+0.525%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02471	−0.202%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02470	−0.242%	$807K	$764K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02468	−0.308%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02472	−0.162%	$408K	$569K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02470	−0.238%	$33.1M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02470	−0.242%	$98K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02473	−0.131%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02470	−0.242%	$136K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02469	−0.283%	$23.4M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02468	−0.323%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02475	−0.040%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02469	−0.283%	$922K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02474	−0.081%	$2.8M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02472	−0.162%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02473	−0.137%	$732K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02476	−0.018%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02477	+0.040%	$557K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02476	0.000%	$67K	$527K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02469	−0.283%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02470	−0.227%	$47K	$288K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02469	−0.271%	$37K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02471	−0.202%	$6K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0234%	1h	0.02479	+0.126%	$5K	$81K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02474	−0.081%	$1.3M	$346K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02472	−0.166%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+2.181%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1030%	1h	0.02471	−0.212%	$265K	$119K	10x	as long as short