Funding you earn now, next payment 02:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.120%
Price spread now: Paradex against Backpack−0.203%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.203% cheaper against Backpack than usual: you would sell low and buy high, −$20 on $10k if it 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 | Backpack MON_USDC_PERP | 0.02561 | 0.0100 | pay 0.0013% / 1h | 22m 03s | $119K | $157K | 10x |
| Short | Paradex MON-USD-PERP | 0.02555 | 0.0097 | get 0.0097% / 8h | 6h 22m | $8K | $42 | 5x |
Backpack MON_USDC_PERP
Paradex MON-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.58
- Price spread: −0.203% → 0.000%
- −$20.33
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$34.91
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 46 min ago; 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 Backpack live order book, 46 min ago | 1.35 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
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 | −1.511% | $5K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0072% | 8h | 0.02553 | −0.289% | $21.0M | $12.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02555 | −0.242% | $13K | $349K | 5x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02558 | −0.105% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0061% | 4h | 0.02558 | −0.105% | $16K | $51K | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0063% | 1h | 0.02560 | −0.012% | $69K | $125K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02560 | −0.027% | $853K | $742K | 10x | as long as short |
| Paradex MON-USD-PERPshort | +0.0097% | 8h | 0.02555 | −0.203% | $8K | $42 | 5x | |
| Hyperliquid MON | +0.0100% | 1h | 0.02560 | −0.027% | $34.7M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02560 | −0.043% | $102K | $229K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
01 Exchange MONUSD
Orderly PERP_MON_USDC
Deribit MON_USDC-PERPETUAL
Lighter MON
Hyperliquid MON
Aster MONUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02552 | −0.331% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02555 | −0.234% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02558 | −0.116% | $24.4M | $26.0M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02553 | −0.301% | $4.3M | $5.9M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02559 | −0.066% | $959K | $904K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02562 | +0.051% | $2.9M | $744K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02559 | −0.066% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERPlong | +0.0100% | 1h | 0.02561 | long leg | $119K | $157K | 10x | |
| Variational Omni MON | +0.0100% | 8h | 0.02552 | −0.356% | $759K | $419K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02550 | −0.410% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02555 | −0.223% | $574K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02554 | −0.262% | $68K | $495K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02559 | −0.081% | $411K | $545K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02558 | −0.105% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02550 | −0.418% | $106K | $4K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02558 | −0.112% | $51K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02559 | −0.086% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0429% | 1h | 0.02556 | −0.191% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0329% | 1h | 0.02548 | −0.487% | $3K | $78K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02557 | −0.133% | $117K | $2.3M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02553 | −0.281% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0835% | 1h | 0.02561 | +0.017% | $279K | $88K | 10x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD