Funding you earn now, next payment 23:00 UTC−0.0419%/8h= −45.9% APRpaid last 24h −0.156%
Price spread now: Paradex against Backpack−0.379%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Paradex is 0.379% cheaper against Backpack than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MON_USDC_PERP | 0.02584 | 0.0487 | pay 0.0061% / 1h | 51m 25s | $138K | $137K | 10x |
| Short | Paradex MON-USD-PERP | 0.02575 | 0.0069 | get 0.0069% / 8h | 1h 51m | $8K | $42 | 5x |
Backpack MON_USDC_PERP
Paradex MON-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Backpack. 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
- −$87.93
- Price spread: −0.379% → 0.000%
- −$37.92
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$139.86
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 32 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 Backpack live order book, 32 min ago | 0.19 bp | 14.3 bp −$14 | doesn't fit | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0168% | 1h | 0.02577 | −0.279% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02582 | −0.093% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0030% | 8h | 0.02577 | −0.286% | $21.5M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02596 | +0.437% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02578 | −0.244% | $144K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02586 | +0.046% | $70K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0039% | 1h | 0.02587 | +0.112% | $2K | $74K | 10x | as long as short |
| Paradex MON-USD-PERPshort | +0.0069% | 8h | 0.02575 | −0.379% | $8K | $42 | 5x | |
| Orderly PERP_MON_USDC | +0.0075% | 4h | 0.02584 | −0.015% | $17K | $64K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02577 | −0.286% | $845K | $763K | 10x | as long as short |
01 Exchange MONUSD
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02579 | −0.214% | $391K | $533K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02579 | −0.213% | $34.9M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02581 | −0.150% | $107K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02583 | −0.059% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02576 | −0.310% | $142K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02578 | −0.248% | $24.5M | $24.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02573 | −0.441% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02580 | −0.170% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02577 | −0.286% | $1.0M | $862K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02578 | −0.248% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02588 | +0.150% | $779K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02586 | +0.078% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02596 | +0.460% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02582 | −0.093% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02584 | −0.015% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02578 | −0.229% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02584 | −0.015% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0173% | 1h | 0.02588 | +0.154% | $267K | $67K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02580 | −0.155% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0264% | 4h | 0.02595 | +0.410% | $1.4M | $295K | 75x | as long as short |
| KuCoin MONUSDTM | +0.0334% | 4h | 0.02586 | +0.062% | $3.1M | $749K | 75x | as long as short |
| Backpack MON_USDC_PERPlong | +0.0487% | 1h | 0.02584 | long leg | $138K | $137K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +0.863% | $114K | $49K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
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
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX