Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Bitget+0.064%52s7-day average — · you sell dearer than you buy

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

Long on Bitget 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.064% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Bitget MONUSDT	0.02477	0.0100	pay 0.0050% / 4h	2h 33m	$2.7M	$2.2M	25x
Short	Paradex MON-USD-PERP	0.02479	0.0100	get 0.0100% / 8h	2h 33m	$7K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$0.02
Price spread: +0.064% → 0.000%: $6.35
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.66
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	6.03 bp	17.4 bp −$17	59.9 bp −$599	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 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	−0.0120%	1h	0.02478	+0.032%	$115K	$156K	10x	as long as short
Bybit MONUSDT	0.0000%	8h	0.02473	−0.149%	$20.3M	$13.6M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02484	+0.270%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02476	−0.040%	$73K	$136K	25x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02496	+0.767%	$5K	$111	5.5x	as long as short
01 Exchange MONUSD	+0.0040%	1h	0.02479	+0.097%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02478	+0.040%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02475	−0.081%	$828K	$743K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0100%	8h	0.02479	+0.064%	$7K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02481	+0.161%	$403K	$579K	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	0.02476	−0.048%	$33.2M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02479	+0.085%	$98K	$220K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02480	+0.133%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02481	+0.170%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02476	−0.059%	$23.5M	$27.3M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02474	−0.121%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02490	+0.525%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02477	0.000%	$923K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02481	+0.161%	$2.8M	$763K	75x	as long as short
Bitget MONUSDTlong	+0.0100%	4h	0.02477	long leg	$2.7M	$2.2M	25x
Variational Omni MON	+0.0100%	8h	0.02482	+0.207%	$737K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02483	+0.253%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02488	+0.430%	$560K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02487	+0.404%	$68K	$529K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02475	−0.081%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02478	+0.049%	$47K	$288K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02475	−0.085%	$37K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0214%	1h	0.02486	+0.346%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02477	0.000%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02491	+0.565%	$1.3M	$345K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02481	+0.145%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+2.140%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1027%	1h	0.02479	+0.061%	$266K	$114K	10x	as long as short