Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h 0.000%

Price spread now: OKX against Paradex−0.153%60s7-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 OKX

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.153% cheaper against Paradex than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 60 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	0.02553	0.0097	pay 0.0097% / 8h	6h 24m	$8K	$42	5x
Short	OKX MON-USDT-SWAP	0.02549	0.0100	get 0.0050% / 4h	2h 24m	$4.3M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0.62
Price spread: −0.153% → 0.000%: −$15.27
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.64
Costs to cover: 0.140%
Break-even: 330.4 days

Slippage unknown: Paradex: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	1.96 bp	17.9 bp −$18	97.1 bp −$971	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 32 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	−0.0388%	1h	0.02522	−1.210%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0086%	8h	0.02550	−0.113%	$20.9M	$12.8M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02555	+0.086%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02543	−0.388%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02556	+0.122%	$69K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0061%	4h	0.02555	+0.082%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02556	+0.122%	$852K	$742K	10x	as long as short
Paradex MON-USD-PERPlong	+0.0097%	8h	0.02553	long leg	$8K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02555	+0.063%	$410K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02556	+0.118%	$34.7M	$7.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02555	+0.067%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02552	−0.026%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02554	+0.043%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02554	+0.043%	$24.4M	$26.0M	75x	as long as short
OKX MON-USDT-SWAPshort	+0.0100%	4h	0.02549	−0.153%	$4.3M	$5.9M	50x
Gate MON_USDT	+0.0100%	4h	0.02555	+0.082%	$958K	$904K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02557	+0.161%	$2.9M	$744K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02554	+0.043%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02557	+0.141%	$121K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02552	−0.052%	$759K	$419K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02550	−0.106%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02554	+0.043%	$573K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02541	−0.466%	$68K	$493K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02555	+0.082%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−0.114%	$106K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02556	+0.114%	$51K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02555	+0.063%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02554	+0.059%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0352%	1h	0.02544	−0.361%	$3K	$77K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02556	+0.125%	$157K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02553	+0.020%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0836%	1h	0.02557	+0.174%	$278K	$88K	10x	as long as short