Funding you earn now, next payment 11:00 UTC−0.0420%/8h= −46.0% APRnext payment −$0.53 per $10,000 · paid last 24h −0.020%
Price spread now: Phoenix against Extended+0.206%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$780.780% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.206%, 7d avg −0.057%
=Together, before fees−0.320%+ Points / potential airdropExtended: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.263% dearer against Extended than usual: you sell high and buy low (spread +0.206% now, against its 7-day average of −0.057%): +$26 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.229% in total) that is about 8.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.229% in total (about -11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MON-USD | 0.02512 | 0.0104 | pay 0.0013% / 1h | 50m 56s | $58K | $317K | 10x |
| Short | Phoenix MON | 0.02517 | −0.0316 | pay 0.0040% / 1h | 50m 56s | $12K | $284K | 5x |
Extended MON-USD
Phoenix MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- −$88.27
- Price spread: +0.206% → −0.057%
- $26.3
- Slippage, 4 orders
- −$66.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$139.99
- Costs to cover
- 0.780%
- Break-even
- never at this rate
Slippage from Extended: live order book, 54 min ago; Phoenix: live order book, 53 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 Extended live order book, 54 min ago | 3.99 bp | 25.8 bp −$26 | 235.9 bp −$2,359 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 53 min ago | 1.19 bp | 13.2 bp −$13 | 44.6 bp −$446 | doesn't fit | doesn't fit |
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 | −0.0456% | 1h | 0.02507 | −0.172% | $6K | $2K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0347% | 1h | 0.02511 | −0.041% | $80K | $115K | 25x | as long as short |
| Phoenix MONshort | −0.0316% | 1h | 0.02517 | +0.206% | $12K | $284K | 5x | |
| Backpack MON_USDC_PERP | −0.0196% | 1h | 0.02513 | +0.067% | $113K | $143K | 10x | as long as short |
| Bybit MONUSDT | −0.0158% | 8h | 0.02509 | −0.116% | $21.3M | $13.0M | 50x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02513 | +0.035% | $116K | $2.1M | 10x | as long as short |
| Injective MON/USDC PERP | +0.0033% | 1h | 0.02541 | +1.170% | $6K | $92 | 5.5x | as long as short |
| Paradex MON-USD-PERP | +0.0040% | 8h | 0.02510 | −0.055% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02514 | +0.095% | $824K | $676K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02513 | +0.057% | $400K | $552K | 10x | as long as short |
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Backpack MON_USDC_PERP
Bybit MONUSDT
Perpl MON
Injective MON/USDC PERP
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02512 | +0.027% | $33.7M | $6.1M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02512 | +0.015% | $99K | $204K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02512 | +0.008% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02513 | +0.055% | $139K | $85K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02510 | −0.060% | $24.1M | $25.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02511 | −0.025% | $4.2M | $5.6M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.333% | $103K | $238 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02513 | +0.055% | $1.1M | $1.2M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02514 | +0.095% | $2.9M | $691K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02513 | +0.055% | $2.8M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02516 | +0.187% | $751K | $365K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02514 | +0.102% | $42K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02518 | +0.254% | $565K | $1.4M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02519 | +0.294% | $68K | $548K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02511 | −0.025% | $16K | $35K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02510 | −0.065% | $5K | $6K | 5x | as long as short |
| Extended MON-USDlong | +0.0104% | 1h | 0.02512 | long leg | $58K | $317K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02509 | −0.104% | $38K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0206% | 1h | 0.02514 | +0.099% | $275K | $125K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02512 | +0.015% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02508 | −0.144% | $1.4M | $374K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0380% | 1h | 0.02519 | +0.289% | $5K | $96K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0632% | 1h | 0.02538 | +1.034% | $107K | $55K | 50x | as long as short |
Hyperliquid MON
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
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX