Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0357%/8h= −39.1% APRpaid last 24h −0.211%

Price spread now: Paradex against Coinbase International−2.085%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Paradex is 2.085% cheaper against Coinbase International than usual: you would sell low and buy high (−$208 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	Coinbase International MON-PERP-INTX	0.02530	0.0456	pay 0.0057% / 1h	22m 34s	$110K	$54K	50x
Short	Paradex MON-USD-PERP	0.02477	0.0099	get 0.0099% / 8h	2h 22m	$7K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −2.085%Rate

Funding earned: −$74.97
Price spread: −2.085% → 0.000%: −$208.45
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$297.43
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 25 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 Coinbase International live order book, 25 min ago	29.25 bp	144.1 bp −$144	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
Backpack MON_USDC_PERP	−0.0153%	1h	0.02478	−2.051%	$115K	$154K	10x	as long as short
Bybit MONUSDT	−0.0023%	8h	0.02480	−1.976%	$20.4M	$13.6M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02483	−1.846%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02469	−2.427%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02476	−2.142%	$73K	$135K	25x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−1.621%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02476	−2.134%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02478	−2.055%	$810K	$765K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0099%	8h	0.02477	−2.085%	$7K	$42	5x
Hyperliquid MON	+0.0100%	1h	0.02479	−2.012%	$33.2M	$7.6M	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	0.02480	−1.964%	$98K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02478	−2.040%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02479	−2.008%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02480	−1.957%	$23.6M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02479	−2.016%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−1.996%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02480	−1.976%	$927K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02481	−1.937%	$2.9M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02483	−1.858%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02467	−2.486%	$729K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02467	−2.490%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02476	−2.134%	$550K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02469	−2.411%	$67K	$528K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02477	−2.079%	$406K	$571K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02476	−2.134%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02481	−1.956%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02474	−2.194%	$37K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0166%	1h	0.02474	−2.197%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02475	−2.154%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02474	−2.213%	$1.3M	$346K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02477	−2.107%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0456%	1h	0.02530	long leg	$110K	$54K	50x
Kraken Futures PF_MONUSD	+0.1027%	1h	0.02478	−2.047%	$266K	$119K	10x	as long as short