MON

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.005%

Price spread now: dYdX against Phoenix−0.031%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.031% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MON	0.02568	0	get 0.0000% / 1h	24m 35s	$13K	$360K	5x
Short	dYdX MON-USD	0.02567	0.0100	get 0.0013% / 1h	24m 35s	$13K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee dYdXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $21
Price spread: −0.031% → 0.000%: −$3.15
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $0.85
Costs to cover: 0.170%
Break-even: 6.7 days

Slippage unknown: Phoenix: live order book, 52 min ago; dYdX: no order-book sample. Net counts fees only.

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, 52 min ago	1.16 bp	12.9 bp −$13	52.4 bp −$524	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 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	−0.0121%	1h	0.02576	+0.312%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0064%	1h	0.02563	−0.191%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0028%	8h	0.02560	−0.296%	$21.2M	$12.1M	50x	as long as short
Phoenix MONlong	0.0000%	1h	0.02568	long leg	$13K	$360K	5x
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02568	−0.016%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0068%	4h	0.02565	−0.117%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0093%	1h	0.02572	+0.140%	$3K	$75K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02562	−0.215%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02566	−0.078%	$852K	$794K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02569	+0.026%	$392K	$544K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02567	−0.039%	$34.8M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02566	−0.080%	$107K	$231K	10x	as long as short
dYdX MON-USDshort	+0.0100%	1h	0.02567	−0.031%	$13K	—	5x
Pacifica MON	+0.0100%	1h	0.02566	−0.097%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02563	−0.213%	$24.4M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02561	−0.273%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	+0.078%	$108K	$390	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02565	−0.117%	$976K	$909K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02564	−0.156%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02567	−0.047%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02566	−0.089%	$776K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02569	+0.020%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02571	+0.111%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02572	+0.156%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02566	−0.078%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02570	+0.080%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02567	−0.039%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0258%	4h	0.02571	+0.117%	$3.0M	$717K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02566	−0.097%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02566	−0.078%	$1.4M	$308K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0420%	1h	0.02571	+0.098%	$270K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02565	−0.101%	$125K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.593%	$115K	$50K	50x	as long as short