Funding you earn now, next payment 11:00 UTC+0.0416%/8h= +45.6% APRpaid last 24h +0.019%
Price spread now: edgeX against Phoenix−0.104%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$640.636% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.104%, 7d avg −0.079%
=Together, before fees+0.160%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.024% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.079%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.221% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.221% in total (about 11.5% a year). A funding rate is set anew for every payment. 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 | Phoenix MON | 0.02517 | −0.0316 | get 0.0040% / 1h | 49m 38s | $12K | $284K | 5x |
| Short | edgeX MONUSDC | 0.02514 | 0.0100 | get 0.0050% / 4h | 49m 38s | $42K | $249K | 10x |
Phoenix MON
edgeX MONUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $87.43
- Price spread: −0.104% → −0.079%
- −$2.45
- Slippage, 4 orders
- −$47.58
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $21.4
- Costs to cover
- 0.636%
- Break-even
- 5.3 days
Slippage from Phoenix: live order book, 55 min ago; edgeX: live order book, 56 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, 55 min ago | 1.19 bp | 13.2 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 56 min ago | 7.97 bp | 18.8 bp −$19 | doesn't fit | 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 | −0.0480% | 1h | 0.02512 | −0.195% | $6K | $2K | 5x | as long as short |
| Phoenix MONlong | −0.0316% | 1h | 0.02517 | long leg | $12K | $284K | 5x | |
| Backpack MON_USDC_PERP | −0.0192% | 1h | 0.02516 | −0.016% | $113K | $143K | 10x | as long as short |
| Bybit MONUSDT | −0.0164% | 8h | 0.02508 | −0.342% | $21.3M | $13.0M | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0147% | 1h | 0.02516 | −0.012% | $81K | $115K | 25x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02517 | +0.008% | $117K | $2.1M | 10x | as long as short |
| Injective MON/USDC PERP | +0.0033% | 1h | 0.02541 | +0.962% | $6K | $92 | 5.5x | as long as short |
| Paradex MON-USD-PERP | +0.0039% | 8h | 0.02510 | −0.286% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02512 | −0.191% | $824K | $676K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02511 | −0.230% | $33.7M | $6.1M | 5x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
Perpl MON
Injective MON/USDC PERP
Paradex MON-USD-PERP
Lighter MON
Hyperliquid MONShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02513 | −0.166% | $99K | $204K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02514 | −0.094% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02511 | −0.230% | $139K | $83K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02510 | −0.270% | $24.1M | $25.3M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02510 | −0.270% | $4.2M | $5.6M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.127% | $103K | $238 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02513 | −0.151% | $1.1M | $1.2M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02516 | −0.032% | $2.9M | $689K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02514 | −0.111% | $2.8M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02507 | −0.396% | $749K | $337K | — | as long as short |
| edgeX MONUSDCshort | +0.0100% | 4h | 0.02514 | −0.104% | $42K | $249K | 10x | |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02518 | +0.048% | $565K | $1.4M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02519 | +0.087% | $68K | $548K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02516 | −0.029% | $400K | $552K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02516 | −0.032% | $16K | $35K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02514 | −0.111% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02511 | −0.242% | $58K | $317K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02515 | −0.079% | $38K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0206% | 1h | 0.02516 | −0.026% | $275K | $125K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02521 | +0.147% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02508 | −0.350% | $1.4M | $374K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0370% | 1h | 0.02518 | +0.049% | $5K | $96K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0632% | 1h | 0.02538 | +0.826% | $107K | $55K | 50x | as long as short |
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
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended 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