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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against Paradex+0.045%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 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: SoDEX is 0.045% dearer against Paradex than usual: you sell high and buy low, +$5 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-PERP0.025580.0100pay 0.0100% / 8h7h 04m$8K$425x
ShortSoDEX MON-USD0.025590.0100get 0.0013% / 1h4m 00s$5K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.02
Price spread: +0.045% → 0.000%
$4.51
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$7.47
Costs to cover
0.120%
Break-even
2275.9 days
Slippage unknown: Paradex: no order-book sample; SoDEX: 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 SoDEX no order-book sample
Paradex and SoDEX: 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
Backpack MON_USDC_PERP−0.0143%1h0.02559+0.057%$114K$149K10xas long as short
Injective MON/USDC PERP−0.0089%1h0.02505−2.066%$5K$1085.5xas long as short
Phoenix MON0.0000%1h0.02553−0.182%$14K$346K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02561+0.112%$73K$135K25xas long as short
Lighter MON+0.0096%1h0.02562+0.162%$834K$781K10xas long as short
Paradex MON-USD-PERPlong+0.0100%8h0.02558long leg$8K$425x
Hyperliquid MON+0.0100%1h0.02560+0.100%$34.6M$6.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02559+0.045%$101K$202K10xas long as short
dYdX MON-USD+0.0100%1h0.02560+0.076%$13K5xas long as short
Pacifica MON+0.0100%1h0.02560+0.084%$142K$89K3xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MONUSDT+0.0100%4h0.02559+0.045%$24.6M$26.9M75xas long as short
Bybit MONUSDT+0.0100%8h0.02557−0.049%$21.3M$13.5M50xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02558+0.006%$4.3M$6.2M50xas long as short
Gate MON_USDT+0.0100%4h0.02558+0.006%$980K$1.1M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02562+0.162%$2.9M$756K75xas long as short
Bitget MONUSDT+0.0100%4h0.02561+0.123%$2.8M$2.2M25xas long as short
Variational Omni MON+0.0100%8h0.02559+0.048%$760K$376Kas long as short
edgeX MONUSDC+0.0100%4h0.02550−0.288%$42K$251K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02552−0.232%$578K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02553−0.189%$69K$546K50xas long as short
Nado MON-PERP+0.0100%1h0.02562+0.179%$394K$577K10xas long as short
Orderly PERP_MON_USDC+0.0100%4h0.02560+0.084%$16K$36K10xas long as short
SoDEX MON-USDshort+0.0100%1h0.02559+0.045%$5K$6K5x
Bulk MON-USD+0.0100%1h0.02542−0.629%$104K−$010xas long as short
Extended MON-USD+0.0104%1h0.02562+0.145%$61K$329K10xas long as short
Aevo MON-PERP+0.0104%1h0.02560+0.080%$39K3xas long as short
01 Exchange MONUSD+0.0176%1h0.02562+0.174%$6K$3K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0246%1h0.02560+0.088%$7K50xas long as short
BloFin MON-USDT+0.0340%4h0.02558+0.006%$1.4M$404K75xas long as short
Perpl MON+0.0447%43m0.02562+0.147%$119K$2.1M10xas long as short
Aftermath Perps MONUSD+0.0583%1h0.02553−0.184%$4K$98K10xas long as short
Coinbase International MON-PERP-INTX+0.0744%1h0.02575+0.675%$114K$53K50xas long as short
Kraken Futures PF_MONUSD+0.0781%1h0.02564+0.223%$275K$118K10xas long as short