Funding you earn now, next payment 03:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h −0.040%
Price spread now: Phoenix against 01 Exchange+0.100%7-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 +$7 a day on $10k at the current rate, and Phoenix is 0.100% dearer against 01 Exchange than usual: you sell high and buy low: +$10 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 | 01 Exchange MONUSD | 0.02502 | −0.0248 | get 0.0031% / 1h | 21m 32s | $6K | $1K | 5x |
| Short | Phoenix MON | 0.02505 | 0 | get 0.0000% / 1h | 21m 32s | $12K | $359K | 5x |
01 Exchange MONUSD
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against 01 Exchange. 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
- $52.08
- Price spread: +0.100% → 0.000%
- $9.99
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $48.07
- Costs to cover
- 0.140%
- Break-even
- 0.5 days
Slippage unknown: 01 Exchange: no order-book sample; Phoenix: live order book, 35 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 35 min ago | 1.19 bp | 13.1 bp −$13 | 44.6 bp −$446 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSDlong | −0.0248% | 1h | 0.02502 | long leg | $6K | $1K | 5x | |
| Backpack MON_USDC_PERP | −0.0193% | 1h | 0.02504 | +0.056% | $113K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02498 | −0.172% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0146% | 8h | 0.02500 | −0.088% | $20.6M | $13.3M | 50x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02505 | +0.100% | $12K | $359K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02505 | +0.116% | $107K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0071% | 4h | 0.02504 | +0.068% | $16K | $40K | 10x | as long as short |
| Variational Omni MON | +0.0077% | 8h | 0.02502 | −0.030% | $740K | $409K | — | as long as short |
| Paradex MON-USD-PERP | +0.0092% | 8h | 0.02501 | −0.052% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02504 | +0.068% | $843K | $749K | 10x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Perpl MON
Orderly PERP_MON_USDC
Variational Omni MON
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02505 | +0.101% | $425K | $573K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02505 | +0.124% | $33.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02504 | +0.062% | $100K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02508 | +0.212% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02504 | +0.068% | $138K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02502 | −0.001% | $23.8M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02501 | −0.052% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | +0.103% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02502 | −0.012% | $938K | $993K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02506 | +0.148% | $2.8M | $757K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02505 | +0.108% | $2.7M | $2.2M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02503 | +0.046% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02506 | +0.155% | $562K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02505 | +0.108% | $67K | $510K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02504 | +0.068% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02505 | +0.115% | $48K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02504 | +0.048% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0249% | 1h | 0.02506 | +0.131% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02504 | +0.052% | $9K | — | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0309% | 1h | 0.02505 | +0.124% | $74K | $136K | 25x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02506 | +0.148% | $1.3M | $338K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02528 | +1.039% | $110K | $57K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0543% | 1h | 0.02508 | +0.237% | $269K | $114K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Deribit MON_USDC-PERPETUAL
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD