Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.003%
Price spread now: Phoenix against edgeX+0.073%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days−0.236%−$24 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.073%, 7d avg +0.073%
=Together, before fees−0.183%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MONUSDC | 0.02485 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $41K | $251K | 10x |
| Short | Phoenix MON | 0.02487 | 0 | get 0.0000% / 1h | 31m 13s | $13K | $353K | 5x |
edgeX MONUSDC
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- Price spread: +0.073% → +0.073%
- $0.04
- Slippage, 4 orders
- −$48.18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$85.14
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 11 min ago; Phoenix: live order book, 10 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 edgeX live order book, 11 min ago | 8.01 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 1.20 bp | 12.9 bp −$13 | 44.5 bp −$445 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MONshort | 0.0000% | 1h | 0.02487 | +0.073% | $13K | $353K | 5x | |
| Bybit MONUSDT | +0.0062% | 8h | 0.02490 | +0.186% | $20.5M | $13.7M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0085% | 4h | 0.02490 | +0.186% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02493 | +0.307% | $799K | $787K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02489 | +0.161% | $7K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02495 | +0.395% | $397K | $572K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02487 | +0.074% | $98K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02487 | +0.062% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02489 | +0.150% | $138K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02491 | +0.213% | $23.7M | $27.6M | 75x | as long as short |
Bybit MONUSDT
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02491 | +0.226% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02485 | −0.015% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02488 | +0.106% | $927K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02492 | +0.267% | $2.8M | $764K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02490 | +0.186% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02488 | +0.094% | $111K | $155K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02489 | +0.148% | $739K | $411K | — | as long as short |
| edgeX MONUSDClong | +0.0100% | 4h | 0.02485 | long leg | $41K | $251K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02488 | +0.086% | $561K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02489 | +0.146% | $68K | $536K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02491 | +0.226% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02492 | +0.282% | $48K | $266K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02491 | +0.226% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02489 | +0.146% | $5K | $111 | 5.5x | as long as short |
| Aftermath Perps MONUSD | +0.0206% | 1h | 0.02492 | +0.272% | $6K | $100K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0224% | 1h | 0.02494 | +0.331% | $7K | $2K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02491 | +0.218% | $6K | — | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0272% | 1h | 0.02492 | +0.287% | $72K | $138K | 25x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02483 | −0.096% | $1.3M | $346K | 75x | as long as short |
| Hyperliquid MON | +0.0392% | 1h | 0.02494 | +0.359% | $33.7M | $7.8M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02494 | +0.347% | $119K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02496 | +0.428% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0848% | 1h | 0.02494 | +0.330% | $268K | $119K | 10x | as long as short |
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
Aftermath Perps MONUSD
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
Deribit MON_USDC-PERPETUAL
BloFin MON-USDT
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD