Spread before costs (cost unknown: a leg has no order-book sample)−0.279%
7d average—if it closes, per $10,000$28funding while held, a day−$6.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02579 | 0.0310 | pay 0.0039% / 1h | 23m 47s | $13K | $420K | 5x |
| Short | Orderly PERP_MON_USDC | 0.02572 | 0.0100 | get 0.0050% / 4h | 3h 23m | $17K | $71K | 10x |
Phoenix MON
Orderly PERP_MON_USDCPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$27.92
- Funding while held
- −$6.3
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$47.21
- Spread needed to break even
- 0.130%
Slippage unknown: Phoenix: live order book, 20 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0210%
- Per $10,000 a day
- −$6.30
- Average in range /8h
- —
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, 20 min ago | 1.16 bp | 13.2 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.02570cheapestGate0.02571+0.039%Backpack0.02571+0.054%dYdX0.02572+0.060%OKX0.02572+0.078%
Bybit
Gate
Backpack
dYdX
OKXOrderly0.02572+0.078%
GMX0.02572+0.082%Aevo0.02573+0.097%Paradex0.02573+0.101%Binance0.02573+0.107%Aster0.02573+0.115%Bitget0.02573+0.117%SoDEX0.02573+0.117%Deribit0.02573+0.125%Pacifica0.02574+0.144%Variational Omni0.02575+0.196%Perpl0.02575+0.210%01 Exchange0.02576+0.214%Kraken Futures0.02576+0.229%Lighter0.02576+0.233%KuCoin0.02576+0.233%BloFin0.02576+0.233%Aftermath Perps0.02576+0.247%Hyperliquid0.02577+0.261%Nado0.02577+0.269%Extended0.02577+0.279%
GMX
Aevo
Paradex
Binance
Aster
Bitget
SoDEX
Deribit
Pacifica
Variational Omni
Perpl
Kraken Futures
Lighter
KuCoin
BloFin
Hyperliquid
Nado
ExtendedPhoenix0.02579+0.358%
Bulk0.02580+0.389%ApeX Omni0.02580+0.389%Injective0.02581+0.428%edgeX0.02582+0.467%Coinbase International0.02587+0.650%
Bulk
ApeX Omni
Injective
Coinbase InternationalMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | −0.357% | +0.0100% | 8h | $21.4M | $11.2M | 50x | as long as short |
| Gate MON_USDT | −0.318% | +0.0100% | 4h | $972K | $931K | 50x | as long as short |
| Backpack MON_USDC_PERP | −0.302% | +0.0100% | 1h | $123K | $126K | 10x | as long as short |
| dYdX MON-USD | −0.297% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| OKX MON-USDT-SWAP | −0.279% | +0.0100% | 4h | $4.4M | $6.4M | 50x | as long as short |
| Orderly PERP_MON_USDCshort | −0.279% | +0.0100% | 4h | $17K | $71K | 10x | |
| GMX MON/USD [ETH-USDC] | −0.275% | L +0.0231% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| Aevo MON-PERP | −0.260% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| Paradex MON-USD-PERP | −0.256% | +0.0100% | 8h | $8K | — | 5x | as long as short |
| Binance MONUSDT | −0.250% | +0.0100% | 4h | $24.5M | $23.2M | 75x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MONUSDT | −0.242% | +0.0100% | 4h | $112K | $223K | 10x | as long as short |
| Bitget MONUSDT | −0.240% | +0.0100% | 4h | $2.7M | $1.7M | 25x | as long as short |
| SoDEX MON-USD | −0.240% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.233% | +0.0178% | 1h | $44K | $70K | 25x | as long as short |
| Pacifica MON | −0.213% | +0.0100% | 1h | $162K | $88K | 3x | as long as short |
| Variational Omni MON | −0.161% | +0.0100% | 8h | $798K | $313K | — | as long as short |
| Perpl MON | −0.147% | +0.0447% | 43m | $218K | $1.6M | 10x | as long as short |
| 01 Exchange MONUSD | −0.143% | +0.0400% | 1h | $6K | $1K | 5x | as long as short |
| Kraken Futures PF_MONUSD | −0.129% | +0.0989% | 1h | $255K | $70K | 10x | as long as short |
| Lighter MON | −0.124% | +0.0176% | 1h | $873K | $778K | 10x | as long as short |
| KuCoin MONUSDTM | −0.124% | +0.0474% | 4h | $2.6M | $706K | 75x | as long as short |
| BloFin MON-USDT | −0.124% | +0.0109% | 4h | $1.4M | $200K | 75x | as long as short |
| Aftermath Perps MONUSD | −0.111% | +0.1364% | 1h | $6K | $83K | 10x | as long as short |
| Hyperliquid MON | −0.097% | +0.0325% | 1h | $34.7M | $7.6M | 5x | as long as short |
| Nado MON-PERP | −0.089% | +0.0100% | 1h | $300K | $510K | 10x | as long as short |
| Extended MON-USD | −0.079% | +0.0104% | 1h | $45K | $402K | 10x | as long as short |
| Phoenix MONlong | 0.000% | +0.0310% | 1h | $13K | $420K | 5x | |
| Bulk MON-USD | +0.031% | +0.0100% | 1h | $106K | $25K | 10x | as long as short |
| ApeX Omni MONUSDT | +0.031% | +0.0100% | 1h | $69K | $497K | 50x | as long as short |
| Injective MON/USDC PERP | +0.070% | +0.0199% | 1h | $6K | $110 | 5.5x | as long as short |
| edgeX MONUSDC | +0.109% | +0.0100% | 4h | $47K | $239K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.291% | +0.1176% | 1h | $115K | $47K | 50x | as long as short |