Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Phoenix+0.315%57s7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.450% of the position
Funding, last 3 days (all we have)+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.315%, 7d avg +0.107%
=Together, before fees−0.391%+ Points / potential airdropNado: Active · farm board−$39 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 Nado is 0.208% dearer against Phoenix than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.107%. The two prices were read 57 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 | 0.02538 | 0 | get 0.0000% / 1h | 47m 38s | $13K | $349K | 5x |
| Short | Nado MON-PERP | 0.02546 | 0.0100 | get 0.0013% / 1h | 47m 38s | $406K | $541K | 10x |
Phoenix MON
Nado MON-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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: +0.315% → +0.107%
- $20.77
- Slippage, 4 orders
- −$31.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$3.26
- Costs to cover
- 0.450%
- Break-even
- 8.1 days
Slippage from Phoenix: live order book, 18 min ago; Nado: live order book, 20 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, 18 min ago | 1.16 bp | 13.0 bp −$13 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell Nado live order book, 20 min ago | 0.58 bp | 10.2 bp −$10 | doesn't fit | 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 | −0.0388% | 1h | 0.02541 | +0.118% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0016% | 1h | 0.02539 | +0.051% | $6K | $1K | 5x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02538 | long leg | $13K | $349K | 5x | |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02538 | 0.000% | $70K | $124K | 25x | as long as short |
| Bybit MONUSDT | +0.0018% | 8h | 0.02537 | −0.039% | $21.0M | $12.4M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0060% | 4h | 0.02538 | 0.000% | $16K | $59K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02539 | +0.035% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02538 | 0.000% | $846K | $740K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02541 | +0.131% | $102K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02543 | +0.201% | $13K | — | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02539 | +0.055% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02538 | 0.000% | $24.2M | $25.8M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02537 | −0.039% | $4.3M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02535 | −0.114% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02538 | 0.000% | $958K | $890K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02542 | +0.158% | $2.9M | $744K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02540 | +0.079% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02541 | +0.122% | $120K | $158K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02548 | +0.398% | $766K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02547 | +0.367% | $44K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02550 | +0.490% | $573K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02550 | +0.473% | $68K | $490K | 50x | as long as short |
| Nado MON-PERPshort | +0.0100% | 1h | 0.02546 | +0.315% | $406K | $541K | 10x | |
| SoDEX MON-USD | +0.0100% | 1h | 0.02537 | −0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02542 | +0.171% | $49K | $520K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02537 | −0.039% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02538 | −0.012% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0324% | 1h | 0.02552 | +0.548% | $4K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02549 | +0.433% | $1.4M | $310K | 75x | as long as short |
| Hyperliquid MON | +0.0378% | 1h | 0.02543 | +0.201% | $34.7M | $7.5M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02541 | +0.134% | $114K | $2.1M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02557 | +0.753% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0842% | 1h | 0.02540 | +0.086% | $276K | $88K | 10x | as long as short |
Pacifica MON
Binance 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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD