MON

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0808%/8h= −88.5% APRnext payment −$1.01 per $10,000 · paid last 24h −0.217%

Price spread now: Phoenix against Coinbase International−0.345%7-day average −0.472% · you buy dearer than you sell

Net, funding: paid 7d − costs−$408as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2892.888% of the position

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−1.188%−$119 on $10k

Price spread, last 3 days (all we have)−0.221%−$22 · spread now −0.345%, 7d avg −0.472%

Together, before fees−1.409%−$141 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.127% dearer against Coinbase International than usual: you sell high and buy low (spread −0.345% now, against its 7-day average of −0.472%): +$13 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02608	0.0808	pay 0.0101% / 1h	6m 28s	$114K	$52K	50x
Short	Phoenix MON	0.02599	0	get 0.0000% / 1h	6m 28s	$14K	$351K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. 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 Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now −0.345%Rate

Funding earned: −$169.68
Price spread: −0.345% → −0.472%: $12.73
Slippage, 4 orders: −$271.83
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$445.78
Costs to cover: 2.888%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Phoenix: live order book, 65 min ago.

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 Coinbase International live order book, 1 min ago	29.90 bp	117.6 bp −$118	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 65 min ago	1.17 bp	13.0 bp −$13	44.6 bp −$446	doesn't fit	doesn't fit

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
Injective MON/USDC PERP	−0.0444%	1h	0.02570	−1.465%	$6K	$108	5.5x	as long as short
Phoenix MONshort	0.0000%	1h	0.02599	−0.345%	$14K	$351K	5x
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02592	−0.613%	$70K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02581	−1.039%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0063%	4h	0.02585	−0.890%	$17K	$59K	10x	as long as short
Paradex MON-USD-PERP	+0.0093%	8h	0.02584	−0.933%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02591	−0.659%	$863K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02590	−0.683%	$399K	$523K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02590	−0.717%	$35.3M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02589	−0.726%	$108K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02590	−0.688%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02589	−0.725%	$143K	$103K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02585	−0.887%	$24.7M	$25.4M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02583	−0.966%	$21.5M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02583	−0.966%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02595	−0.506%	$108K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02587	−0.813%	$975K	$931K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02592	−0.621%	$2.9M	$728K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02586	−0.851%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02593	−0.598%	$129K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02593	−0.599%	$780K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02598	−0.406%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02600	−0.298%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02599	−0.353%	$69K	$487K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02591	−0.659%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02592	−0.608%	$50K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02583	−0.966%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0210%	1h	0.02591	−0.663%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02584	−0.943%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02592	−0.621%	$1.4M	$309K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02587	−0.820%	$118K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0460%	1h	0.02596	−0.483%	$273K	$78K	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0808%	1h	0.02608	long leg	$114K	$52K	50x