MON

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.005%

Price spread now: Phoenix against SoDEX+0.101%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Phoenix is 0.101% dearer against SoDEX than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MON-USD	0.02577	0.0100	pay 0.0013% / 1h	49m 12s	$5K	$6K	5x
Short	Phoenix MON	0.02580	0	get 0.0000% / 1h	49m 12s	$13K	$362K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SoDEX. 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 SoDEXbpFee PhoenixbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$21
Price spread: +0.101% → 0.000%: $10.09
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$25.91
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 32 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 32 min ago	1.15 bp	13.2 bp −$13	44.6 bp −$446	doesn't fit	doesn't fit

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
01 Exchange MONUSD	−0.0128%	1h	0.02579	+0.070%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.194%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0034%	8h	0.02575	−0.078%	$21.5M	$11.8M	50x	as long as short
Phoenix MONshort	0.0000%	1h	0.02580	+0.101%	$13K	$362K	5x
Perpl MON	0.0000%	43m	0.02579	+0.093%	$144K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02578	+0.031%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0039%	1h	0.02585	+0.305%	$2K	$74K	10x	as long as short
Paradex MON-USD-PERP	+0.0070%	8h	0.02577	+0.015%	$8K	$42	5x	as long as short
Orderly PERP_MON_USDC	+0.0075%	4h	0.02576	−0.039%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02579	+0.078%	$846K	$763K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02581	+0.174%	$392K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02580	+0.132%	$34.9M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02579	+0.073%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02580	+0.109%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02579	+0.070%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02578	+0.039%	$24.5M	$24.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02574	−0.116%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	+0.116%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02578	+0.039%	$1.0M	$862K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02578	+0.039%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02572	−0.183%	$777K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02577	+0.011%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02581	+0.152%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02582	+0.194%	$69K	$480K	50x	as long as short
SoDEX MON-USDlong	+0.0100%	1h	0.02577	long leg	$5K	$6K	5x
Extended MON-USD	+0.0104%	1h	0.02580	+0.112%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02577	+0.019%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02581	+0.165%	$266K	$70K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02579	+0.062%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02580	+0.116%	$1.4M	$293K	75x	as long as short
KuCoin MONUSDTM	+0.0358%	4h	0.02587	+0.388%	$3.2M	$749K	75x	as long as short
Backpack MON_USDC_PERP	+0.0439%	1h	0.02579	+0.085%	$138K	$137K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.153%	$114K	$49K	50x	as long as short