Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.035%

Price spread now: BloFin against Paradex−0.233%93s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BloFin

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 pays, the price is against you. BloFin is 0.233% cheaper against Paradex than usual: you would sell low and buy high (spread −0.233% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 3.2 days of funding at the current rate (+$7 a day). The two prices were read 93 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	Paradex MON-USD-PERP	0.02508	0.0100	pay 0.0100% / 8h	41m 24s	$8K	$42	5x
Short	BloFin MON-USDT	0.02502	0.0340	get 0.0170% / 4h	41m 24s	$1.3M	$345K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Paradex. 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 ParadexbpFee BloFinbpOrdersPrice spread, now −0.233%Rate

Funding earned: $50.42
Price spread: −0.233% → 0.000%: −$23.29
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $11.13
Costs to cover: 0.160%
Break-even: 5.5 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 1 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell BloFin live order book, 1 min ago	7.97 bp	18.4 bp −$18	38.6 bp −$386	178.1 bp −$17.8K	doesn't fit

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
Injective MON/USDC PERP	−0.0032%	1h	0.02500	−0.313%	$5K	$110	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02510	+0.074%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02510	+0.102%	$127K	$2.2M	10x	as long as short
Lighter MON	+0.0096%	1h	0.02511	+0.126%	$805K	$785K	10x	as long as short
Paradex MON-USD-PERPlong	+0.0100%	8h	0.02508	long leg	$8K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02514	+0.251%	$395K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02510	+0.106%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02510	+0.076%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02510	+0.070%	$139K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02510	+0.088%	$23.9M	$27.5M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02508	+0.002%	$20.8M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02509	+0.046%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.313%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02510	+0.086%	$935K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02516	+0.325%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02511	+0.126%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02512	+0.162%	$110K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02504	−0.153%	$743K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02502	−0.245%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02504	−0.164%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02504	−0.153%	$68K	$537K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02509	+0.046%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02510	+0.086%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02511	+0.109%	$47K	$316K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02509	+0.066%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0228%	1h	0.02509	+0.050%	$73K	$138K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02508	+0.006%	$6K	—	50x	as long as short
Hyperliquid MON	+0.0312%	1h	0.02514	+0.238%	$34.0M	$7.8M	5x	as long as short
BloFin MON-USDTshort	+0.0340%	4h	0.02502	−0.233%	$1.3M	$345K	75x
01 Exchange MONUSD	+0.0352%	1h	0.02509	+0.066%	$6K	$3K	5x	as long as short
Aftermath Perps MONUSD	+0.0585%	1h	0.02506	−0.091%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02512	+0.158%	$111K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1200%	1h	0.02513	+0.208%	$270K	$119K	10x	as long as short