Funding you earn now, next payment 03:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.091%
Price spread now: Paradex against Hyperliquid−0.223%54s7-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
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · 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 0.223% cheaper against Hyperliquid than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 | Hyperliquid MON | 0.02533 | 0.0100 | pay 0.0013% / 1h | 17m 47s | $34.3M | $7.5M | 5x |
| Short | Paradex MON-USD-PERP | 0.02528 | 0.0099 | get 0.0099% / 8h | 5h 17m | $8K | $42 | 5x |
Hyperliquid MON
Paradex MON-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Hyperliquid. 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
- −$0.23
- Price spread: −0.223% → 0.000%
- −$22.26
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$35.49
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 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 Hyperliquid live order book, 5 min ago | 0.99 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02531 | −0.099% | $12K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0273% | 1h | 0.02532 | −0.043% | $112K | $152K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02535 | +0.063% | $6K | $111 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0159% | 8h | 0.02529 | −0.174% | $20.7M | $13.1M | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0146% | 1h | 0.02525 | −0.316% | $68K | $125K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0016% | 1h | 0.02527 | −0.268% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02530 | −0.122% | $105K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0084% | 4h | 0.02528 | −0.213% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02530 | −0.134% | $844K | $738K | 10x | as long as short |
| Paradex MON-USD-PERPshort | +0.0099% | 8h | 0.02528 | −0.223% | $8K | $42 | 5x |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Perpl MON
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 | 0.02532 | −0.069% | $413K | $543K | 10x | as long as short |
| Hyperliquid MONlong | +0.0100% | 1h | 0.02533 | long leg | $34.3M | $7.5M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02530 | −0.118% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02531 | −0.085% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02530 | −0.134% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02530 | −0.134% | $24.1M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02529 | −0.174% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.528% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02530 | −0.134% | $952K | $965K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02534 | +0.024% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02532 | −0.055% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02531 | −0.093% | $753K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02534 | +0.026% | $42K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02530 | −0.133% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02537 | +0.142% | $68K | $501K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02526 | −0.292% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02531 | −0.083% | $48K | $518K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02526 | −0.292% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0234% | 1h | 0.02531 | −0.089% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02526 | −0.300% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02527 | −0.253% | $1.3M | $320K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0491% | 1h | 0.02531 | −0.079% | $271K | $112K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02541 | +0.308% | $112K | $58K | 50x | as long as short |
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX