Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h 0.000%

Price spread now: Paradex against ApeX Omni+0.387%50s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.387% dearer against ApeX Omni than usual: you sell high and buy low, +$39 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	ApeX Omni MONUSDT	0.02541	0.0100	pay 0.0013% / 1h	24m 28s	$68K	$493K	50x
Short	Paradex MON-USD-PERP	0.02551	0.0097	get 0.0097% / 8h	6h 24m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.387%Rate

Funding earned: −$0.61
Price spread: +0.387% → 0.000%: $38.72
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $24.12
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 43 min ago; 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 ApeX Omni live order book, 43 min ago	13.51 bp	22.3 bp −$22	114.1 bp −$1,141	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 on 32 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	0.02522	−0.748%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0086%	8h	0.02549	+0.315%	$20.9M	$12.8M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02552	+0.429%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02543	+0.079%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02556	+0.590%	$69K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0061%	4h	0.02553	+0.472%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02556	+0.590%	$852K	$742K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0097%	8h	0.02551	+0.387%	$8K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02553	+0.469%	$410K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02552	+0.449%	$34.6M	$7.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02553	+0.478%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02552	+0.442%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02554	+0.512%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02551	+0.399%	$24.3M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02551	+0.394%	$4.3M	$5.9M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02553	+0.472%	$956K	$904K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02557	+0.630%	$2.9M	$744K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02553	+0.472%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02557	+0.610%	$121K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02552	+0.416%	$759K	$419K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02550	+0.362%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02554	+0.512%	$573K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02541	long leg	$68K	$493K	50x
SoDEX MON-USD	+0.0100%	1h	0.02555	+0.551%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	+0.354%	$106K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02555	+0.564%	$51K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02551	+0.413%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02551	+0.409%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0346%	1h	0.02546	+0.180%	$3K	$77K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02553	+0.468%	$156K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02553	+0.488%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0836%	1h	0.02557	+0.644%	$278K	$88K	10x	as long as short