Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.005%

Price spread now: GRVT against Paradex+0.330%51s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on GRVT

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 · GRVT: 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: GRVT is 0.330% dearer against Paradex than usual: you sell high and buy low, +$33 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	0.02510	0.0099	pay 0.0099% / 8h	4h 52m	$8K	$42	5x
Short	GRVT MON_USDT_Perp	0.02519	0.0100	get 0.0050% / 4h	52m 13s	$563K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.330%Rate

Funding earned: $0.26
Price spread: +0.330% → 0.000%: $33.02
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $20.29
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; GRVT: 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 GRVT live order book, 1 min ago	3.97 bp	38.2 bp −$38	97.3 bp −$973	doesn't fit	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
Backpack MON_USDC_PERP	−0.0362%	1h	0.02511	+0.047%	$111K	$151K	10x	as long as short
01 Exchange MONUSD	−0.0256%	1h	0.02507	−0.136%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02517	+0.270%	$5K	$109	5.5x	as long as short
Bybit MONUSDT	−0.0127%	8h	0.02509	−0.048%	$20.6M	$13.2M	50x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0068%	1h	0.02512	+0.055%	$68K	$126K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02520	+0.394%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02513	+0.127%	$108K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0082%	4h	0.02512	+0.071%	$16K	$41K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02512	+0.071%	$837K	$735K	10x	as long as short
Paradex MON-USD-PERPlong	+0.0099%	8h	0.02510	long leg	$8K	$42	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02515	+0.180%	$410K	$542K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02511	+0.043%	$34.0M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02517	+0.254%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02516	+0.240%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02515	+0.191%	$139K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02509	−0.048%	$23.9M	$26.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02508	−0.088%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02515	+0.178%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02514	+0.151%	$951K	$968K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02516	+0.230%	$2.8M	$746K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02513	+0.111%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	+0.433%	$748K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02517	+0.284%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02519	+0.330%	$563K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02517	+0.270%	$68K	$505K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02510	−0.009%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02514	+0.156%	$52K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02509	−0.040%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02512	+0.055%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0271%	1h	0.02519	+0.345%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02515	+0.191%	$1.3M	$325K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02505	−0.212%	$109K	$57K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0541%	1h	0.02516	+0.245%	$268K	$113K	10x	as long as short