Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.035%

Price spread now: Paradex against BloFin+0.135%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. Paradex is 0.135% dearer against BloFin than usual: you sell high and buy low (spread +0.135% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02497	0.0340	pay 0.0170% / 4h	1h 20m	$1.3M	$347K	75x
Short	Paradex MON-USD-PERP	0.02500	0.0100	get 0.0100% / 8h	1h 20m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$50.46
Price spread: +0.135% → 0.000%: $13.53
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$52.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	4.01 bp	18.9 bp −$19	34.8 bp −$348	182.5 bp −$18.3K	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
Phoenix MON	0.0000%	1h	0.02500	+0.140%	$13K	$353K	5x	as long as short
Bybit MONUSDT	+0.0081%	8h	0.02495	−0.072%	$20.6M	$13.7M	50x	as long as short
Orderly PERP_MON_USDC	+0.0087%	4h	0.02502	+0.200%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02504	+0.280%	$803K	$787K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0100%	8h	0.02500	+0.135%	$8K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02505	+0.317%	$394K	$576K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02498	+0.055%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02499	+0.082%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02501	+0.164%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02498	+0.048%	$23.7M	$27.6M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MON-USDT-SWAP	+0.0100%	4h	0.02498	+0.040%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.120%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02498	+0.040%	$931K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02504	+0.280%	$2.9M	$767K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02498	+0.040%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02499	+0.096%	$110K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02496	−0.058%	$740K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02497	+0.010%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02499	+0.080%	$564K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02497	0.000%	$68K	$534K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02501	+0.160%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02504	+0.285%	$47K	$268K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02501	+0.160%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02489	−0.320%	$5K	$111	5.5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02499	+0.084%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0264%	1h	0.02504	+0.280%	$6K	$3K	5x	as long as short
Aftermath Perps MONUSD	+0.0316%	1h	0.02499	+0.063%	$6K	$100K	10x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02497	long leg	$1.3M	$347K	75x
Hyperliquid MON	+0.0393%	1h	0.02500	+0.140%	$33.8M	$7.8M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02503	+0.244%	$126K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0470%	1h	0.02502	+0.220%	$73K	$138K	25x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02504	+0.280%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0844%	1h	0.02503	+0.255%	$269K	$119K	10x	as long as short