Funding you earn now, next payment 07:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.008%
Price spread now: Extended against Phoenix+0.090%88s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.780% of the position
Funding, last 7 days+0.237%+$24 on $10k
+Price spread, last 4 days (all we have)−1.182%−$118 · spread now +0.090%, 7d avg +0.060%
=Together, before fees−0.945%+ Points / potential airdropExtended: Active · farm board−$94 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.029% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 88 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 | 0.02510 | 0 | get 0.0000% / 1h | 39m 46s | $13K | $349K | 5x |
| Short | Extended MON-USD | 0.02512 | 0.0104 | get 0.0013% / 1h | 39m 46s | $47K | $313K | 10x |
Phoenix MON
Extended MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $21.84
- Price spread: +0.090% → +0.060%
- $2.93
- Slippage, 4 orders
- −$66
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$53.23
- Costs to cover
- 0.780%
- Break-even
- 24.1 days
Slippage from Phoenix: live order book, 62 min ago; Extended: live order book, 62 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, 62 min ago | 1.20 bp | 12.9 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Extended live order book, 62 min ago | 4.01 bp | 26.1 bp −$26 | 185.0 bp −$1,850 | 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 | −0.0032% | 1h | 0.02500 | −0.387% | $5K | $110 | 5.5x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02510 | long leg | $13K | $349K | 5x | |
| Perpl MON | 0.0000% | 43m | 0.02506 | −0.151% | $127K | $2.2M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0069% | 1h | 0.02511 | +0.072% | $73K | $138K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02508 | −0.068% | $804K | $785K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02507 | −0.104% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02509 | −0.011% | $394K | $578K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02509 | −0.008% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02507 | −0.098% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02508 | −0.048% | $139K | $92K | 3x | as long as short |
Injective MON/USDC PERP
Perpl MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MONUSDT | +0.0100% | 4h | 0.02509 | −0.046% | $23.8M | $27.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02507 | −0.092% | $20.8M | $13.8M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02507 | −0.108% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | −0.387% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02509 | −0.028% | $935K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02514 | +0.171% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02509 | −0.028% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02511 | +0.060% | $110K | $157K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02507 | −0.107% | $744K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02502 | −0.319% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02504 | −0.238% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02504 | −0.227% | $68K | $537K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02511 | +0.052% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02510 | +0.012% | $5K | $6K | 5x | as long as short |
| Extended MON-USDshort | +0.0104% | 1h | 0.02512 | +0.090% | $47K | $313K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02511 | +0.052% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02511 | +0.036% | $6K | — | 50x | as long as short |
| Hyperliquid MON | +0.0281% | 1h | 0.02512 | +0.076% | $34.0M | $7.8M | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02508 | −0.068% | $1.3M | $341K | 75x | as long as short |
| 01 Exchange MONUSD | +0.0352% | 1h | 0.02507 | −0.120% | $6K | $3K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0586% | 1h | 0.02506 | −0.131% | $5K | $101K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0680% | 1h | 0.02515 | +0.203% | $111K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1200% | 1h | 0.02512 | +0.105% | $270K | $119K | 10x | as long as short |
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Hyperliquid MON
BloFin MON-USDT
01 Exchange MONUSD
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD