Spread before costs (cost unknown: a leg has no order-book sample)+0.138%
7d average—if it closes, per $10,000$14funding while held, a day+$7.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MON/USDC PERP | 0.02538 | −0.0242 | get 0.0030% / 1h | 56m 37s | $6K | $108 | 5.5x |
| Short | Phoenix MON | 0.02542 | 0 | get 0.0000% / 1h | 56m 37s | $13K | $374K | 5x |
Injective 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
- $13.79
- Funding while held
- $7.27
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $14.04
- Spread needed to break even
- 0.070%
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 37 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0242%
- Per $10,000 a day
- +$7.27
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 37 min ago | 1.18 bp | 13.1 bp −$13 | 44.6 bp −$446 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MON price on every exchange
against the cheapest. Click to use as the short leg.BloFin0.02535cheapestBybit0.02535+0.012%OKX0.02536+0.039%Orderly0.02537+0.079%Binance0.02538+0.106%Paradex0.02538+0.111%
BloFin
Bybit
OKX
Orderly
Binance
ParadexInjective0.02538+0.118%
SoDEX0.02538+0.118%Pacifica0.02538+0.126%Aster0.02538+0.137%01 Exchange0.02539+0.138%dYdX0.02539+0.141%Backpack0.02539+0.146%Lighter0.02539+0.158%Gate0.02539+0.158%Bitget0.02539+0.158%GMX0.02539+0.158%Aevo0.02539+0.158%Deribit0.02539+0.170%edgeX0.02540+0.197%Bulk0.02540+0.197%Nado0.02540+0.215%Aftermath Perps0.02541+0.232%Hyperliquid0.02541+0.233%ApeX Omni0.02541+0.237%Extended0.02541+0.239%Kraken Futures0.02541+0.255%
SoDEX
Pacifica
Aster
dYdX
Backpack
Lighter
Gate
Bitget
GMX
Aevo
Deribit
Bulk
Nado
Hyperliquid
ApeX Omni
Extended
Kraken FuturesPhoenix0.02542+0.256%
Variational Omni0.02542+0.259%Perpl0.02542+0.268%Coinbase International0.02546+0.418%KuCoin0.02546+0.434%
Variational Omni
Perpl
Coinbase International
KuCoinMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MON-USDT | −0.118% | +0.0101% | 4h | $1.3M | $217K | 75x | as long as short |
| Bybit MONUSDT | −0.106% | −0.0037% | 8h | $21.0M | $11.2M | 50x | as long as short |
| OKX MON-USDT-SWAP | −0.079% | +0.0100% | 4h | $4.3M | $5.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | −0.039% | +0.0100% | 4h | $17K | $64K | 10x | as long as short |
| Binance MONUSDT | −0.012% | +0.0100% | 4h | $24.0M | $23.7M | 75x | as long as short |
| Paradex MON-USD-PERP | −0.007% | +0.0100% | 8h | $8K | $42 | 5x | as long as short |
| Injective MON/USDC PERPlong | 0.000% | −0.0242% | 1h | $6K | $108 | 5.5x | |
| SoDEX MON-USD | 0.000% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Pacifica MON | +0.008% | +0.0100% | 1h | $144K | $104K | 3x | as long as short |
| Aster MONUSDT | +0.019% | +0.0100% | 4h | $106K | $240K | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | +0.020% | +0.0152% | 1h | $6K | $1K | 5x | as long as short |
| dYdX MON-USD | +0.023% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Backpack MON_USDC_PERP | +0.028% | +0.0100% | 1h | $133K | $135K | 10x | as long as short |
| Lighter MON | +0.039% | +0.0096% | 1h | $827K | $743K | 10x | as long as short |
| Gate MON_USDT | +0.039% | +0.0100% | 4h | $959K | $927K | 50x | as long as short |
| Bitget MONUSDT | +0.039% | +0.0100% | 4h | $2.6M | $1.7M | 25x | as long as short |
| GMX MON/USD [ETH-USDC] | +0.039% | L +0.0231% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| Aevo MON-PERP | +0.039% | +0.0104% | 1h | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.051% | 0.0000% | 1h | $47K | $74K | 25x | as long as short |
| edgeX MONUSDC | +0.078% | +0.0100% | 4h | $47K | $240K | 10x | as long as short |
| Bulk MON-USD | +0.079% | +0.0100% | 1h | $104K | $5K | 10x | as long as short |
| Nado MON-PERP | +0.097% | +0.0100% | 1h | $316K | $529K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.114% | +0.0496% | 1h | $2K | $72K | 10x | as long as short |
| Hyperliquid MON | +0.114% | +0.0100% | 1h | $34.3M | $7.4M | 5x | as long as short |
| ApeX Omni MONUSDT | +0.118% | +0.0100% | 1h | $68K | $491K | 50x | as long as short |
| Extended MON-USD | +0.121% | +0.0104% | 1h | $45K | $400K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.137% | +0.0420% | 1h | $253K | $61K | 10x | as long as short |
| Phoenix MONshort | +0.138% | 0.0000% | 1h | $13K | $374K | 5x | |
| Variational Omni MON | +0.140% | +0.0100% | 8h | $757K | $366K | — | as long as short |
| Perpl MON | +0.150% | 0.0000% | 43m | $209K | $1.7M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.299% | +0.0624% | 1h | $113K | $51K | 50x | as long as short |
| KuCoin MONUSDTM | +0.315% | +0.0210% | 4h | $2.7M | $682K | 75x | as long as short |