After costs, if the gap returns to its 7d average, $10k−$79
spread now+0.194%7d average−0.054%fees + slippage, in and out−$104spread needed1.038%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02594 | 0.0888 | pay 0.0111% / 1h | 20m 02s | $257K | $70K | 10x |
| Short | Phoenix MON | 0.02599 | 0.0305 | get 0.0038% / 1h | 20m 02s | $13K | $427K | 5x |
Kraken Futures PF_MONUSD
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
- $19.4
- Funding while held
- −$17.49
- Slippage, 4 orders
- −$86.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$101.87
- Spread needed to break even
- 1.038%
Slippage from Kraken Futures: live order book, 29 min ago; Phoenix: live order book, 28 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0583%
- Per $10,000 a day
- −$17.49
- 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 Kraken Futures live order book, 29 min ago | 13.30 bp | 45.6 bp −$46 | 8551.8 bp −$85.5K | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 1.14 bp | 13.1 bp −$13 | 44.5 bp −$445 | doesn't fit | doesn't fit |
MON price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.02588cheapestInjective0.02589+0.028%Perpl0.02589+0.039%Paradex0.02589+0.041%GMX0.02591+0.101%Orderly0.02591+0.105%SoDEX0.02591+0.105%BloFin0.02591+0.105%dYdX0.02591+0.115%Aevo0.02591+0.121%01 Exchange0.02592+0.124%Pacifica0.02592+0.136%Deribit0.02592+0.159%Nado0.02593+0.175%Gate0.02593+0.182%Aftermath Perps0.02593+0.194%Backpack0.02594+0.206%
Variational Omni
Injective
Perpl
Paradex
GMX
Orderly
SoDEX
BloFin
dYdX
Aevo
Pacifica
Deribit
Nado
Gate
BackpackKraken Futures0.02594+0.208%
Bulk0.02594+0.216%Bybit0.02594+0.221%OKX0.02594+0.221%KuCoin0.02594+0.221%Aster0.02594+0.235%Lighter0.02596+0.298%ApeX Omni0.02596+0.298%Binance0.02597+0.334%Bitget0.02597+0.337%edgeX0.02597+0.350%Hyperliquid0.02598+0.372%
Bulk
Bybit
OKX
KuCoin
Aster
Lighter
ApeX Omni
Binance
Bitget
HyperliquidPhoenix0.02599+0.403%
Extended0.02600+0.455%Coinbase International0.02606+0.677%
Extended
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 | −0.208% | +0.0100% | 8h | $802K | $319K | — | as long as short |
| Injective MON/USDC PERP | −0.180% | +0.0064% | 1h | $6K | $109 | 5.5x | as long as short |
| Perpl MON | −0.168% | +0.0447% | 43m | $136K | $1.5M | 10x | as long as short |
| Paradex MON-USD-PERP | −0.167% | +0.0100% | 8h | $8K | — | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | −0.107% | L +0.0232% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| Orderly PERP_MON_USDC | −0.103% | +0.0100% | 4h | $17K | $76K | 10x | as long as short |
| SoDEX MON-USD | −0.103% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| BloFin MON-USDT | −0.103% | +0.0111% | 4h | $1.4M | $199K | 75x | as long as short |
| dYdX MON-USD | −0.093% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Aevo MON-PERP | −0.087% | +0.0104% | 1h | $39K | — | 3x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.084% | +0.0712% | 1h | $6K | $2K | 5x | as long as short |
| Pacifica MON | −0.072% | +0.0100% | 1h | $163K | $89K | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.049% | +0.0290% | 1h | $44K | $69K | 25x | as long as short |
| Nado MON-PERP | −0.033% | +0.0100% | 1h | $303K | $517K | 10x | as long as short |
| Gate MON_USDT | −0.026% | +0.0100% | 4h | $963K | $951K | 50x | as long as short |
| Aftermath Perps MONUSD | −0.014% | +0.1469% | 1h | $6K | $84K | 10x | as long as short |
| Backpack MON_USDC_PERP | −0.003% | +0.0659% | 1h | $132K | $114K | 10x | as long as short |
| Kraken Futures PF_MONUSDlong | 0.000% | +0.0888% | 1h | $257K | $70K | 10x | |
| Bulk MON-USD | +0.008% | +0.0100% | 1h | $101K | $24K | 10x | as long as short |
| Bybit MONUSDT | +0.013% | +0.0100% | 8h | $21.7M | $11.1M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.013% | +0.0100% | 4h | $4.5M | $6.6M | 50x | as long as short |
| KuCoin MONUSDTM | +0.013% | +0.0334% | 4h | $2.6M | $701K | 75x | as long as short |
| Aster MONUSDT | +0.026% | +0.0100% | 4h | $114K | $222K | 10x | as long as short |
| Lighter MON | +0.090% | +0.0096% | 1h | $886K | $793K | 10x | as long as short |
| ApeX Omni MONUSDT | +0.090% | +0.0100% | 1h | $69K | $499K | 50x | as long as short |
| Binance MONUSDT | +0.126% | +0.0100% | 4h | $24.7M | $23.4M | 75x | as long as short |
| Bitget MONUSDT | +0.128% | +0.0100% | 4h | $2.7M | $1.7M | 25x | as long as short |
| edgeX MONUSDC | +0.141% | +0.0100% | 4h | $48K | $238K | 10x | as long as short |
| Hyperliquid MON | +0.163% | +0.0816% | 1h | $35.0M | $7.9M | 5x | as long as short |
| Phoenix MONshort | +0.194% | +0.0305% | 1h | $13K | $427K | 5x | |
| Extended MON-USD | +0.247% | +0.0104% | 1h | $46K | $406K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.468% | +0.1208% | 1h | $115K | $42K | 50x | as long as short |