Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h +0.194%

Price spread now: Kraken Futures against Paradex+0.030%7-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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.030% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MON-USD-PERP	0.02590	0.0091	pay 0.0091% / 8h	50m 07s	$8K	$42	5x
Short	Kraken Futures PF_MONUSD	0.02591	0.0417	get 0.0052% / 1h	50m 07s	$272K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: $68.45
Price spread: +0.030% → 0.000%: $2.97
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $57.42
Costs to cover: 0.140%
Break-even: 1.1 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 27 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 Kraken Futures live order book, 27 min ago	21.33 bp	32.7 bp −$33	571.4 bp −$5,714	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
Injective MON/USDC PERP	−0.0121%	1h	0.02575	−0.577%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0072%	1h	0.02592	+0.060%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0065%	8h	0.02587	−0.114%	$21.4M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02587	−0.118%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02591	+0.040%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02591	+0.029%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0030%	1h	0.02582	−0.323%	$2K	$74K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02589	−0.037%	$17K	$64K	10x	as long as short
Variational Omni MON	+0.0088%	8h	0.02583	−0.262%	$781K	$409K	—	as long as short
Paradex MON-USD-PERPlong	+0.0091%	8h	0.02590	long leg	$8K	$42	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02589	−0.037%	$857K	$784K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02592	+0.096%	$396K	$547K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02591	+0.052%	$35.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02590	−0.017%	$109K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02588	−0.088%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02589	−0.021%	$143K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02589	−0.037%	$24.6M	$25.1M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02586	−0.153%	$4.4M	$6.0M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02588	−0.076%	$996K	$870K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02590	+0.002%	$2.8M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02590	−0.014%	$129K	$141K	10x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02584	−0.245%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02587	−0.114%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02590	+0.002%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02588	−0.076%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02588	−0.081%	$109K	$3K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02593	+0.126%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02590	−0.018%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0250%	4h	0.02593	+0.118%	$3.0M	$715K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02591	+0.025%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02588	−0.076%	$1.3M	$310K	75x	as long as short
Kraken Futures PF_MONUSDshort	+0.0417%	1h	0.02591	+0.030%	$272K	$78K	10x
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02597	+0.280%	$114K	$50K	50x	as long as short