Spread before costs (cost unknown: a leg has no order-book sample)+0.295%
7d average—if it closes, per $10,000$30funding while held, a day−$6.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02567 | 0.0310 | pay 0.0039% / 1h | 15m 49s | $13K | $420K | 5x |
| Short | Paradex MON-USD-PERP | 0.02575 | 0.0100 | get 0.0100% / 8h | 7h 15m | $8K | — | 5x |
Phoenix MON
Paradex MON-USD-PERPPrice 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
- $29.54
- Funding while held
- −$6.3
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $12.24
- Spread needed to break even
- 0.110%
Slippage unknown: Phoenix: live order book, 28 min ago; Paradex: 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, 28 min ago | 1.16 bp | 13.2 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.edgeX0.02562cheapestVariational Omni0.02566+0.148%ApeX Omni0.02566+0.164%
Variational Omni
ApeX OmniPhoenix0.02567+0.203%
Injective0.02570+0.320%Bybit0.02573+0.437%OKX0.02574+0.476%dYdX0.02574+0.494%
Injective
Bybit
OKX
dYdXParadex0.02575+0.499%
Aftermath Perps0.02575+0.502%BloFin0.02575+0.515%Orderly0.02576+0.554%Pacifica0.02576+0.570%01 Exchange0.02577+0.577%Gate0.02577+0.593%Bitget0.02577+0.593%Backpack0.02577+0.601%Binance0.02577+0.606%SoDEX0.02578+0.632%Aevo0.02578+0.640%Aster0.02578+0.651%GMX0.02579+0.663%Lighter0.02579+0.671%Nado0.02579+0.677%Deribit0.02580+0.698%Bulk0.02580+0.710%Kraken Futures0.02580+0.718%Coinbase International0.02580+0.718%Perpl0.02581+0.737%Extended0.02581+0.754%Hyperliquid0.02582+0.769%KuCoin0.02582+0.788%
BloFin
Orderly
Pacifica
Gate
Bitget
Backpack
Binance
SoDEX
Aevo
Aster
GMX
Lighter
Nado
Deribit
Bulk
Kraken Futures
Coinbase International
Perpl
Extended
Hyperliquid
KuCoinMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MONUSDC | −0.202% | +0.0100% | 4h | $47K | $240K | 10x | as long as short |
| Variational Omni MON | −0.055% | +0.0100% | 8h | $794K | $313K | — | as long as short |
| ApeX Omni MONUSDT | −0.039% | +0.0100% | 1h | $68K | $496K | 50x | as long as short |
| Phoenix MONlong | 0.000% | +0.0310% | 1h | $13K | $420K | 5x | |
| Injective MON/USDC PERP | +0.117% | +0.0199% | 1h | $6K | $111 | 5.5x | as long as short |
| Bybit MONUSDT | +0.234% | +0.0100% | 8h | $21.4M | $11.1M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.273% | +0.0100% | 4h | $4.4M | $6.4M | 50x | as long as short |
| dYdX MON-USD | +0.291% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| Paradex MON-USD-PERPshort | +0.295% | +0.0100% | 8h | $8K | — | 5x | |
| Aftermath Perps MONUSD | +0.299% | +0.1351% | 1h | $6K | $83K | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MON-USDT | +0.312% | +0.0103% | 4h | $1.4M | $201K | 75x | as long as short |
| Orderly PERP_MON_USDC | +0.351% | +0.0100% | 4h | $17K | $71K | 10x | as long as short |
| Pacifica MON | +0.366% | +0.0100% | 1h | $162K | $89K | 3x | as long as short |
| 01 Exchange MONUSD | +0.374% | +0.0344% | 1h | $6K | $1K | 5x | as long as short |
| Gate MON_USDT | +0.390% | +0.0100% | 4h | $962K | $955K | 50x | as long as short |
| Bitget MONUSDT | +0.390% | +0.0100% | 4h | $2.7M | $1.7M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.397% | +0.0100% | 1h | $125K | $128K | 10x | as long as short |
| Binance MONUSDT | +0.403% | +0.0100% | 4h | $24.5M | $23.3M | 75x | as long as short |
| SoDEX MON-USD | +0.429% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Aevo MON-PERP | +0.436% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| Aster MONUSDT | +0.447% | +0.0100% | 4h | $112K | $240K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | +0.460% | L +0.0231% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| Lighter MON | +0.467% | +0.0096% | 1h | $857K | $811K | 10x | as long as short |
| Nado MON-PERP | +0.473% | +0.0100% | 1h | $302K | $512K | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.495% | +0.0371% | 1h | $44K | $70K | 25x | as long as short |
| Bulk MON-USD | +0.506% | +0.0100% | 1h | $106K | $25K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.514% | +0.0987% | 1h | $256K | $71K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.514% | +0.1176% | 1h | $115K | $48K | 50x | as long as short |
| Perpl MON | +0.534% | +0.0447% | 43m | $219K | $1.6M | 10x | as long as short |
| Extended MON-USD | +0.551% | +0.0104% | 1h | $45K | $402K | 10x | as long as short |
| Hyperliquid MON | +0.565% | +0.0310% | 1h | $34.8M | $7.7M | 5x | as long as short |
| KuCoin MONUSDTM | +0.584% | +0.0500% | 4h | $2.6M | $708K | 75x | as long as short |