After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.212%7d average+0.147%fees + slippage, in and out−$62spread needed0.622%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MONUSDT | 0.02550 | −0.0033 | get 0.0033% / 8h | 6h 33m | $21.3M | $11.0M | 50x |
| Short | Phoenix MON | 0.02556 | 0 | get 0.0000% / 1h | 33m 45s | $13K | $386K | 5x |
Bybit MONUSDT
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
- $21.18
- Funding while held
- $0.99
- Slippage, 4 orders
- −$44.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$40.07
- Spread needed to break even
- 0.622%
Slippage from Bybit: live order book, 1 min ago; Phoenix: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0033%
- Per $10,000 a day
- +$0.99
- 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 Bybit live order book, 1 min ago | 1.96 bp | 16.7 bp −$17 | 59.8 bp −$598 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 1.17 bp | 13.0 bp −$13 | 44.7 bp −$447 | doesn't fit | doesn't fit |
MON price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.02549cheapest
Variational OmniBybit0.02550+0.055%
OKX0.02551+0.091%Orderly0.02552+0.130%Binance0.02553+0.169%Injective0.02553+0.169%SoDEX0.02553+0.169%Aevo0.02553+0.177%edgeX0.02553+0.177%Backpack0.02553+0.185%Paradex0.02554+0.207%Gate0.02554+0.208%GMX0.02554+0.224%Pacifica0.02555+0.240%Deribit0.02555+0.240%Aster0.02555+0.244%Lighter0.02555+0.248%Bitget0.02555+0.248%BloFin0.02555+0.248%Extended0.02555+0.248%dYdX0.02555+0.256%
OKX
Orderly
Binance
Injective
SoDEX
Aevo
Backpack
Paradex
Gate
GMX
Pacifica
Deribit
Aster
Lighter
Bitget
BloFin
Extended
dYdXPhoenix0.02556+0.267%
01 Exchange0.02556+0.279%Hyperliquid0.02556+0.291%Kraken Futures0.02556+0.306%KuCoin0.02557+0.326%Perpl0.02558+0.357%Nado0.02558+0.367%Aftermath Perps0.02558+0.369%ApeX Omni0.02559+0.404%Bulk0.02560+0.444%Coinbase International0.02561+0.483%
Hyperliquid
Kraken Futures
KuCoin
Perpl
Nado
ApeX Omni
Bulk
Coinbase InternationalMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MON | −0.055% | +0.0100% | 8h | $782K | $302K | — | as long as short |
| Bybit MONUSDTlong | 0.000% | −0.0033% | 8h | $21.3M | $11.0M | 50x | |
| OKX MON-USDT-SWAP | +0.035% | +0.0100% | 4h | $4.4M | $6.0M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.075% | +0.0100% | 4h | $17K | $64K | 10x | as long as short |
| Binance MONUSDT | +0.114% | +0.0100% | 4h | $24.2M | $23.1M | 75x | as long as short |
| Injective MON/USDC PERP | +0.114% | −0.0302% | 1h | $6K | $108 | 5.5x | as long as short |
| SoDEX MON-USD | +0.114% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Aevo MON-PERP | +0.122% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| edgeX MONUSDC | +0.122% | +0.0100% | 4h | $47K | $240K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.129% | +0.0100% | 1h | $123K | $127K | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MON-USD-PERP | +0.152% | +0.0100% | 8h | $8K | $42 | 5x | as long as short |
| Gate MON_USDT | +0.153% | +0.0100% | 4h | $964K | $934K | 50x | as long as short |
| GMX MON/USD [ETH-USDC] | +0.169% | L +0.0231% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| Pacifica MON | +0.184% | +0.0100% | 1h | $153K | $96K | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.184% | 0.0000% | 1h | $46K | $72K | 25x | as long as short |
| Aster MONUSDT | +0.188% | +0.0100% | 4h | $105K | $239K | 10x | as long as short |
| Lighter MON | +0.192% | +0.0096% | 1h | $835K | $762K | 10x | as long as short |
| Bitget MONUSDT | +0.192% | +0.0100% | 4h | $2.6M | $1.7M | 25x | as long as short |
| BloFin MON-USDT | +0.192% | +0.0125% | 4h | $1.4M | $201K | 75x | as long as short |
| Extended MON-USD | +0.193% | +0.0104% | 1h | $45K | $400K | 10x | as long as short |
| dYdX MON-USD | +0.201% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Phoenix MONshort | +0.212% | 0.0000% | 1h | $13K | $386K | 5x | |
| 01 Exchange MONUSD | +0.224% | −0.0040% | 1h | $6K | $1K | 5x | as long as short |
| Hyperliquid MON | +0.235% | +0.0100% | 1h | $34.5M | $7.4M | 5x | as long as short |
| Kraken Futures PF_MONUSD | +0.251% | +0.1078% | 1h | $254K | $67K | 10x | as long as short |
| KuCoin MONUSDTM | +0.271% | +0.0466% | 4h | $2.6M | $710K | 75x | as long as short |
| Perpl MON | +0.302% | +0.0447% | 43m | $210K | $1.6M | 10x | as long as short |
| Nado MON-PERP | +0.312% | +0.0100% | 1h | $305K | $510K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.314% | +0.1269% | 1h | $6K | $70K | 10x | as long as short |
| ApeX Omni MONUSDT | +0.349% | +0.0100% | 1h | $68K | $493K | 50x | as long as short |
| Bulk MON-USD | +0.389% | +0.0100% | 1h | $105K | $5K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.427% | +0.0928% | 1h | $114K | $50K | 50x | as long as short |