Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h −0.034%

Price spread now: Paradex against 01 Exchange−0.165%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Paradex

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 pays, the price is against you. Paradex is 0.165% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.165% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MONUSD	0.02493	0	get 0.0000% / 1h	21m 34s	$6K	$1K	5x
Short	Paradex MON-USD-PERP	0.02489	0.0099	get 0.0099% / 8h	2h 21m	$7K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.165%Rate

Funding earned: $20.79
Price spread: −0.165% → 0.000%: −$16.51
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.72
Costs to cover: 0.110%
Break-even: 9.3 days

Slippage unknown: 01 Exchange: no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange and 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	−0.0144%	1h	0.02492	−0.064%	$115K	$154K	10x	as long as short
Bybit MONUSDT	−0.0023%	8h	0.02491	−0.092%	$20.4M	$13.7M	50x	as long as short
01 Exchange MONUSDlong	0.0000%	1h	0.02493	long leg	$6K	$1K	5x
Phoenix MON	0.0000%	1h	0.02477	−0.650%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02488	−0.229%	$73K	$135K	25x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−0.172%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02486	−0.293%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02489	−0.172%	$813K	$765K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0099%	8h	0.02489	−0.165%	$7K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02495	+0.064%	$409K	$571K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02494	+0.028%	$33.4M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02488	−0.200%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02485	−0.323%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02489	−0.160%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02491	−0.086%	$23.7M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02492	−0.052%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−0.554%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02489	−0.172%	$930K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02486	−0.293%	$2.9M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02492	−0.052%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02467	−1.051%	$729K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02475	−0.741%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02477	−0.655%	$550K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02476	−0.694%	$67K	$529K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02486	−0.293%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02492	−0.060%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02485	−0.313%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0150%	1h	0.02477	−0.670%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02485	−0.341%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02474	−0.774%	$1.3M	$346K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02494	+0.028%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.472%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1022%	1h	0.02490	−0.125%	$268K	$119K	10x	as long as short