Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%

Price spread now: Paradex against edgeX+0.829%52s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Paradex: 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 0.829% dearer against edgeX than usual: you sell high and buy low, +$83 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	edgeX MONUSDC	0.02475	0.0100	pay 0.0050% / 4h	2h 20m	$41K	$250K	10x
Short	Paradex MON-USD-PERP	0.02495	0.0099	get 0.0099% / 8h	2h 20m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now +0.829%Rate

Funding earned: −$0.2
Price spread: +0.829% → 0.000%: $82.92
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $69.72
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: edgeX: live order book, 27 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 edgeX live order book, 27 min ago	10.03 bp	22.3 bp −$22	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	−0.0128%	1h	0.02489	+0.585%	$115K	$154K	10x	as long as short
Bybit MONUSDT	−0.0019%	8h	0.02493	+0.734%	$20.5M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02477	+0.092%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02489	+0.572%	$73K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0008%	1h	0.02496	+0.855%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	+0.572%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02488	+0.532%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02494	+0.774%	$815K	$765K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0099%	8h	0.02495	+0.829%	$8K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02495	+0.811%	$409K	$571K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02497	+0.884%	$33.5M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02489	+0.591%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02495	+0.826%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02494	+0.791%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02495	+0.814%	$23.7M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02495	+0.815%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	+0.188%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02492	+0.694%	$932K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02497	+0.896%	$2.9M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02497	+0.896%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02488	+0.514%	$733K	$408K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02475	long leg	$41K	$250K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02477	+0.086%	$550K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02476	+0.047%	$67K	$529K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02488	+0.532%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02497	+0.892%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02489	+0.552%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0153%	1h	0.02479	+0.169%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02489	+0.589%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02487	+0.492%	$1.3M	$348K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02494	+0.774%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+2.229%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1022%	1h	0.02490	+0.613%	$267K	$119K	10x	as long as short