Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.005%
Price spread now: ApeX Omni against Phoenix+0.023%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$630.634% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.023%, 7d avg −0.031%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.054% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02576 | 0 | get 0.0000% / 1h | 33m 27s | $13K | $351K | 5x |
| Short | ApeX Omni MONUSDT | 0.02577 | 0.0100 | get 0.0013% / 1h | 33m 27s | $69K | $484K | 50x |
Phoenix MON
ApeX Omni MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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: +0.023% → −0.031%
- $5.44
- Slippage, 4 orders
- −$46.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$36.92
- Costs to cover
- 0.634%
- Break-even
- 19.3 days
Slippage from Phoenix: live order book, 38 min ago; ApeX Omni: live order book, 39 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 Phoenix live order book, 38 min ago | 1.17 bp | 13.0 bp −$13 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 39 min ago | 9.78 bp | 18.4 bp −$18 | 116.9 bp −$1,169 | 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 | 0.02576 | −0.016% | $6K | $107 | 5.5x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02576 | long leg | $13K | $351K | 5x | |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02574 | −0.082% | $70K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0068% | 4h | 0.02573 | −0.132% | $17K | $64K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0088% | 1h | 0.02577 | +0.027% | $6K | $1K | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02578 | +0.062% | $859K | $754K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02574 | −0.074% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02579 | +0.097% | $393K | $536K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02577 | +0.043% | $35.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02576 | −0.030% | $107K | $231K | 10x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
01 Exchange MONUSD
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02578 | +0.043% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02576 | −0.031% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02575 | −0.065% | $24.6M | $25.7M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02572 | −0.163% | $21.3M | $12.3M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02570 | −0.248% | $4.3M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02575 | −0.054% | $106K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02575 | −0.054% | $982K | $904K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02576 | −0.016% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02575 | −0.066% | $128K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02581 | +0.182% | $780K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02578 | +0.055% | $44K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02581 | +0.196% | $585K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDTshort | +0.0100% | 1h | 0.02577 | +0.023% | $69K | $484K | 50x | |
| SoDEX MON-USD | +0.0100% | 1h | 0.02574 | −0.093% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02577 | +0.034% | $49K | $513K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02573 | −0.151% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0139% | 1h | 0.02577 | +0.025% | $4K | $76K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0140% | 4h | 0.02578 | +0.062% | $3.0M | $725K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02573 | −0.144% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02576 | −0.016% | $1.4M | $308K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02573 | −0.136% | $178K | $2.0M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0464% | 1h | 0.02577 | +0.018% | $271K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02587 | +0.419% | $113K | $50K | 50x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX