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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.005%
Price spread now: Nado against Paradex+0.099%7-day average · you sell dearer than you buy
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 3 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 · Nado: 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: Nado is 0.099% dearer against Paradex than usual: you sell high and buy low, +$10 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-PERP0.025330.0099pay 0.0099% / 8h5h 39m$8K$425x
ShortNado MON-PERP0.025350.0100get 0.0012% / 1h39m 48s$409K$540K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$0.23
Price spread: +0.099% → 0.000%
$9.94
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$0.83
Costs to cover
0.110%
Break-even
32.3 days
Slippage unknown: Paradex: no order-book sample; Nado: live order book, 23 min ago. 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 Nado live order book, 23 min ago1.77 bp10.8 bp −$11doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix MON−0.0316%1h0.02528−0.171%$13K$367K5xas long as short
Backpack MON_USDC_PERP−0.0264%1h0.02532−0.017%$114K$151K10xas long as short
Injective MON/USDC PERP−0.0253%1h0.02531−0.068%$5K$1065.5xas long as short
Bybit MONUSDT−0.0148%8h0.02526−0.265%$20.7M$12.9M50xas long as short
01 Exchange MONUSD−0.0048%1h0.02534+0.066%$6K$1K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02531−0.056%$68K$125K25xas long as short
Orderly PERP_MON_USDC+0.0077%4h0.02531−0.068%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02529−0.147%$843K$738K10xas long as short
Paradex MON-USD-PERPlong+0.0099%8h0.02533long leg$8K$425x
Nado MON-PERPshort+0.0100%1h0.02535+0.099%$409K$540K10x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02530−0.092%$34.3M$7.4M5xas long as short
Aster MONUSDT+0.0100%4h0.02532−0.026%$101K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02532−0.036%$13K5xas long as short
Pacifica MON+0.0100%1h0.02532−0.020%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02529−0.129%$24.1M$26.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02528−0.186%$4.2M$5.8M50xas long as short
Bulk MON-USD+0.0100%1h0.02530−0.107%$105K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.02530−0.107%$946K$917K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02533+0.011%$2.9M$742K75xas long as short
Bitget MONUSDT+0.0100%4h0.02530−0.107%$2.7M$2.0M25xas long as short
Variational Omni MON+0.0100%8h0.02524−0.364%$750K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02536+0.141%$44K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02537+0.175%$568K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02537+0.169%$68K$501K50xas long as short
SoDEX MON-USD+0.0100%1h0.02530−0.107%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02531−0.054%$50K$521K10xas long as short
Aevo MON-PERP+0.0104%1h0.02530−0.096%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02530−0.111%$9K50xas long as short
Aftermath Perps MONUSD+0.0266%1h0.02533+0.007%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02526−0.265%$1.3M$307K75xas long as short
Perpl MON+0.0447%43m0.02534+0.055%$106K$2.3M10xas long as short
Kraken Futures PF_MONUSD+0.0491%1h0.02535+0.071%$270K$100K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02542+0.359%$111K$52K50xas long as short