Settings8H · net · $10k
Funding arb · Price arb /

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h 0.000%
Price spread now: dYdX against Paradex−0.066%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: 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: dYdX is 0.066% cheaper against Paradex than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MON-USD-PERP0.025210.0096pay 0.0096% / 8h3h 57m$8K$425x
ShortdYdX MON-USD0.025200.0100get 0.0013% / 1h57m 12s$13K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
$0.94
Price spread: −0.066% → 0.000%
−$6.64
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$19.7
Costs to cover
0.140%
Break-even
153.4 days
Slippage unknown: Paradex: no order-book sample; dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell dYdX no order-book sample
Paradex and dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0203%1h0.02507−0.573%$5K$1095.5xas long as short
Bybit MONUSDT−0.0091%8h0.02520−0.057%$20.8M$13.3M50xas long as short
Phoenix MON0.0000%1h0.02520−0.057%$12K$358K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02522+0.026%$74K$136K25xas long as short
Orderly PERP_MON_USDC+0.0072%4h0.02521−0.017%$16K$34K10xas long as short
Paradex MON-USD-PERPlong+0.0096%8h0.02521long leg$8K$425x
Lighter MON+0.0096%1h0.02523+0.062%$846K$732K10xas long as short
Nado MON-PERP+0.0100%1h0.02523+0.054%$427K$579K10xas long as short
Hyperliquid MON+0.0100%1h0.02523+0.042%$34.0M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02521+0.002%$101K$222K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USDshort+0.0100%1h0.02520−0.066%$13K5x
Pacifica MON+0.0100%1h0.02522+0.003%$139K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02520−0.038%$24.0M$26.9M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02519−0.097%$4.2M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02510−0.453%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02521−0.017%$945K$976K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02521−0.017%$2.9M$757K75xas long as short
Bitget MONUSDT+0.0100%4h0.02522+0.022%$2.7M$2.2M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02523+0.050%$114K$151K10xas long as short
Variational Omni MON+0.0100%8h0.02519−0.114%$745K$410Kas long as short
edgeX MONUSDC+0.0100%4h0.02518−0.120%$41K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02521−0.020%$565K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02520−0.057%$68K$513K50xas long as short
SoDEX MON-USD+0.0100%1h0.02521−0.017%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02522+0.034%$48K$519K10xas long as short
Aevo MON-PERP+0.0104%1h0.02521−0.037%$38K3xas long as short
01 Exchange MONUSD+0.0160%1h0.02522+0.018%$6K$1K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02521−0.009%$9K50xas long as short
Aftermath Perps MONUSD+0.0285%1h0.02519−0.110%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02522+0.022%$1.3M$340K75xas long as short
Coinbase International MON-PERP-INTX+0.0368%1h0.02524+0.102%$110K$57K50xas long as short
Perpl MON+0.0447%43m0.02523+0.070%$114K$2.3M10xas long as short
Kraken Futures PF_MONUSD+0.0722%1h0.02524+0.108%$271K$115K10xas long as short