After costs, if the gap returns to its 7d average, $10k−$112
spread now−0.598%7d average+0.025%fees + slippage, in and out−$50spread needed0.498%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MON_USDC_PERP | 0.02593 | 0.0303 | pay 0.0038% / 1h | 8m 20s | $134K | $112K | 10x |
| Short | Phoenix MON | 0.02578 | 0 | get 0.0000% / 1h | 8m 20s | $13K | $386K | 5x |
Backpack MON_USDC_PERP
Phoenix MONPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$59.77
- Funding while held
- −$9.09
- Slippage, 4 orders
- −$32.81
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$118.68
- Spread needed to break even
- 0.498%
Slippage from Backpack: live order book, 46 min ago; Phoenix: live order book, 45 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0303%
- Per $10,000 a day
- −$9.09
- Average in range /8h
- —
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 Backpack live order book, 46 min ago | 0.77 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 45 min ago | 1.17 bp | 13.0 bp −$13 | 44.8 bp −$448 | doesn't fit | doesn't fit |
MON price on every exchange
against the cheapest. Click to use as the short leg.edgeX0.02575cheapestInjective0.02576+0.044%Bulk0.02577+0.100%Variational Omni0.02577+0.100%
Injective
Bulk
Variational OmniPhoenix0.02578+0.110%
ApeX Omni0.02585+0.394%Aftermath Perps0.02586+0.450%Aster0.02589+0.566%Bybit0.02590+0.588%BloFin0.02591+0.627%Pacifica0.02592+0.665%OKX0.02592+0.665%Gate0.02592+0.665%dYdX0.02592+0.675%GMX0.02593+0.685%Orderly0.02593+0.704%
ApeX Omni
Aster
Bybit
BloFin
Pacifica
OKX
Gate
dYdX
GMX
OrderlyBackpack0.02593+0.712%
Aevo0.02594+0.731%SoDEX0.02594+0.743%Binance0.02595+0.770%Bitget0.02595+0.782%Paradex0.02595+0.783%Deribit0.02595+0.794%Kraken Futures0.02596+0.833%KuCoin0.02597+0.860%Lighter0.02598+0.898%Hyperliquid0.02598+0.910%Perpl0.02599+0.926%Nado0.02600+0.960%Extended0.02600+0.973%Coinbase International0.02608+1.299%
Aevo
SoDEX
Binance
Bitget
Paradex
Deribit
Kraken Futures
KuCoin
Lighter
Hyperliquid
Perpl
Nado
Extended
Coinbase InternationalMON on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MONUSDC | −0.707% | +0.0100% | 4h | $47K | $237K | 10x | as long as short |
| Injective MON/USDC PERP | −0.663% | +0.0065% | 1h | $6K | $110 | 5.5x | as long as short |
| Bulk MON-USD | −0.608% | +0.0100% | 1h | $100K | $27K | 10x | as long as short |
| Variational Omni MON | −0.608% | +0.0100% | 8h | $813K | $302K | — | as long as short |
| Phoenix MONshort | −0.598% | 0.0000% | 1h | $13K | $386K | 5x | |
| ApeX Omni MONUSDT | −0.316% | +0.0100% | 1h | $69K | $501K | 50x | as long as short |
| Aftermath Perps MONUSD | −0.260% | +0.1599% | 1h | $6K | $84K | 10x | as long as short |
| Aster MONUSDT | −0.145% | +0.0100% | 4h | $137K | $179K | 10x | as long as short |
| Bybit MONUSDT | −0.123% | +0.0100% | 8h | $21.3M | $10.5M | 50x | as long as short |
| BloFin MON-USDT | −0.085% | +0.0124% | 4h | $1.4M | $192K | 75x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MON | −0.046% | +0.0100% | 1h | $164K | $87K | 3x | as long as short |
| OKX MON-USDT-SWAP | −0.046% | +0.0100% | 4h | $4.4M | $6.5M | 50x | as long as short |
| Gate MON_USDT | −0.046% | +0.0100% | 4h | $955K | $911K | 50x | as long as short |
| dYdX MON-USD | −0.037% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | −0.027% | L +0.0237% / S −0.0391% | 1h | $6K | — | 50x | as long as short |
| Orderly PERP_MON_USDC | −0.008% | +0.0100% | 4h | $17K | $86K | 10x | as long as short |
| Backpack MON_USDC_PERPlong | 0.000% | +0.0303% | 1h | $134K | $112K | 10x | |
| Aevo MON-PERP | +0.019% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| SoDEX MON-USD | +0.031% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Binance MONUSDT | +0.058% | +0.0100% | 4h | $24.5M | $22.1M | 75x | as long as short |
| Bitget MONUSDT | +0.069% | +0.0100% | 4h | $2.7M | $1.6M | 25x | as long as short |
| Paradex MON-USD-PERP | +0.070% | +0.0100% | 8h | $8K | — | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.081% | +0.0483% | 1h | $42K | $55K | 25x | as long as short |
| Kraken Futures PF_MONUSD | +0.120% | +0.0938% | 1h | $257K | $70K | 10x | as long as short |
| KuCoin MONUSDTM | +0.147% | +0.0100% | 4h | $2.6M | $692K | 75x | as long as short |
| Lighter MON | +0.185% | +0.0096% | 1h | $900K | $769K | 10x | as long as short |
| Hyperliquid MON | +0.197% | +0.0286% | 1h | $34.8M | $7.6M | 5x | as long as short |
| Perpl MON | +0.212% | +0.0447% | 43m | $273K | $1.1M | 10x | as long as short |
| Nado MON-PERP | +0.247% | +0.0100% | 1h | $312K | $510K | 10x | as long as short |
| Extended MON-USD | +0.259% | +0.0104% | 1h | $46K | $406K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.582% | +0.1328% | 1h | $113K | $40K | 50x | as long as short |