Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.246%

Price spread now: Paradex against Aftermath Perps+0.149%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.149% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.149% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MONUSD	0.02590	0.0267	pay 0.0033% / 1h	35m 49s	$2K	$73K	10x
Short	Paradex MON-USD-PERP	0.02594	0.0095	get 0.0095% / 8h	2h 35m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aftermath Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee ParadexbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$36.05
Price spread: +0.149% → 0.000%: $14.92
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$34.13
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Paradex: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aftermath Perps and 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 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	0.02587	−0.118%	$6K	$107	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0289%	1h	0.02596	+0.218%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0240%	1h	0.02593	+0.106%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02587	−0.110%	$13K	$384K	5x	as long as short
Bybit MONUSDT	+0.0005%	8h	0.02593	+0.114%	$21.6M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02593	+0.114%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0095%	8h	0.02594	+0.149%	$8K	$42	5x
Lighter MON	+0.0096%	1h	0.02596	+0.230%	$850K	$753K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02597	+0.287%	$364K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02597	+0.265%	$35.0M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02596	+0.219%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02597	+0.286%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02595	+0.207%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02595	+0.191%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02594	+0.153%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02581	−0.356%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02596	+0.230%	$1.0M	$931K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02597	+0.269%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02584	−0.252%	$777K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02584	−0.218%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02588	−0.078%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02587	−0.118%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02594	+0.153%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02596	+0.237%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02593	+0.126%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02597	+0.268%	$268K	$67K	10x	as long as short
BloFin MON-USDT	+0.0155%	4h	0.02594	+0.153%	$1.4M	$243K	75x	as long as short
Backpack MON_USDC_PERP	+0.0248%	1h	0.02595	+0.199%	$137K	$137K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02596	+0.249%	$9K	—	50x	as long as short
Aftermath Perps MONUSDlong	+0.0267%	1h	0.02590	long leg	$2K	$73K	10x
KuCoin MONUSDTM	+0.0338%	4h	0.02602	+0.462%	$3.2M	$745K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02595	+0.184%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02604	+0.554%	$115K	$51K	50x	as long as short