Funding you earn now, next payment 21:00 UTC+0.0447%/8h= +48.9% APRpaid last 24h −0.029%
Price spread now: Perpl against Phoenix+0.254%7-day average −0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.450%+$45 on $10k
+Price spread, last 3 days (all we have)−0.298%−$30 · spread now +0.254%, 7d avg −0.008%
=Together, before fees+0.152%+ Points / potential airdropPerpl: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Perpl is 0.262% dearer against Phoenix than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MON | 0.02594 | 0 | get 0.0000% / 1h | 21m 19s | $13K | $384K | 5x |
| Short | Perpl MON | 0.02601 | 0.0447 | get 0.0040% / 43m | 8m 19s | $146K | $1.8M | 10x |
Phoenix MON
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $93.77
- Price spread: +0.254% → −0.008%
- $26.21
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $99.18
- Costs to cover
- 0.208%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 65 min ago; Perpl: no order-book sample. Net counts fees only.
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, 65 min ago | 1.16 bp | 12.9 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 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 | −0.0739% | 1h | 0.02596 | +0.073% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0224% | 1h | 0.02602 | +0.297% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0057% | 1h | 0.02601 | +0.266% | $63K | $110K | 25x | as long as short |
| Phoenix MONlong | 0.0000% | 1h | 0.02594 | long leg | $13K | $384K | 5x | |
| Bybit MONUSDT | +0.0003% | 8h | 0.02598 | +0.135% | $21.7M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0091% | 4h | 0.02600 | +0.227% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0096% | 8h | 0.02603 | +0.326% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02605 | +0.420% | $855K | $758K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02604 | +0.398% | $375K | $528K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02603 | +0.347% | $35.1M | $7.5M | 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
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02602 | +0.297% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02603 | +0.341% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02604 | +0.385% | $144K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02601 | +0.272% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02597 | +0.112% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02602 | +0.305% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02602 | +0.305% | $1.0M | $934K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02602 | +0.305% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02596 | +0.070% | $777K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02596 | +0.089% | $48K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02598 | +0.169% | $585K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02598 | +0.150% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02599 | +0.189% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02603 | +0.340% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02600 | +0.208% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02604 | +0.370% | $268K | $67K | 10x | as long as short |
| BloFin MON-USDT | +0.0157% | 4h | 0.02597 | +0.112% | $1.4M | $245K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0183% | 1h | 0.02598 | +0.150% | $2K | $73K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02601 | +0.270% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0300% | 1h | 0.02604 | +0.389% | $138K | $136K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0378% | 4h | 0.02608 | +0.536% | $3.2M | $745K | 75x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02601 | +0.254% | $146K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.513% | $115K | $50K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
BloFin MON-USDT
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX