Funding you earn now, next payment 10:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.016%
Price spread now: Phoenix against Aevo−0.236%67s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.236% cheaper against Aevo than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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 | Aevo MON-PERP | 0.02505 | 0.0104 | pay 0.0013% / 1h | 29m 53s | $38K | — | 3x |
| Short | Phoenix MON | 0.02499 | 0 | get 0.0000% / 1h | 29m 53s | $12K | $281K | 5x |
Aevo MON-PERP
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aevo. 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
- −$21.84
- Price spread: −0.236% → 0.000%
- −$23.55
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$68.39
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 15 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 15 min ago | 1.19 bp | 13.2 bp −$13 | 44.6 bp −$446 | doesn't fit | doesn't fit |
Aevo: 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 exchanges
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 | −0.0544% | 1h | 0.02502 | −0.120% | $6K | $2K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0449% | 1h | 0.02509 | +0.152% | $113K | $151K | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0348% | 1h | 0.02507 | +0.064% | $79K | $118K | 25x | as long as short |
| Injective MON/USDC PERP | −0.0246% | 1h | 0.02541 | +1.433% | $6K | $101 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0103% | 8h | 0.02504 | −0.032% | $20.9M | $13.4M | 50x | as long as short |
| Phoenix MONshort | 0.0000% | 1h | 0.02499 | −0.236% | $12K | $281K | 5x | |
| Paradex MON-USD-PERP | +0.0053% | 8h | 0.02505 | −0.003% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02509 | +0.156% | $823K | $737K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02508 | +0.116% | $398K | $576K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02508 | +0.128% | $33.6M | $6.5M | 5x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
Bybit MONUSDT
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERP
Hyperliquid MONShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02508 | +0.107% | $99K | $204K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02508 | +0.136% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02506 | +0.036% | $139K | $85K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02507 | +0.088% | $24.1M | $26.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02506 | +0.036% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02510 | +0.196% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02508 | +0.116% | $1.1M | $1.3M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02508 | +0.116% | $2.8M | $749K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02510 | +0.196% | $2.8M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02502 | −0.127% | $747K | $377K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02501 | −0.170% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02504 | −0.038% | $566K | $1.4M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02505 | −0.004% | $68K | $548K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02507 | +0.076% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02506 | +0.036% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02508 | +0.124% | $57K | $320K | 10x | as long as short |
| Aevo MON-PERPlong | +0.0104% | 1h | 0.02505 | long leg | $38K | — | 3x | |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02508 | +0.104% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02501 | −0.164% | $1.4M | $387K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02507 | +0.068% | $116K | $2.1M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0514% | 1h | 0.02509 | +0.150% | $5K | $97K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0701% | 1h | 0.02508 | +0.136% | $271K | $123K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02507 | +0.092% | $106K | $55K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance 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
SoDEX MON-USD
Extended MON-USD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX