Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.211%

Price spread now: Paradex against Coinbase International−0.438%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Paradex is 0.438% cheaper against Coinbase International than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02511	0.0576	pay 0.0072% / 1h	0m 59s	$110K	$53K	50x
Short	Paradex MON-USD-PERP	0.02500	0.0100	get 0.0100% / 8h	1h 00m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.438%Rate

Funding earned: −$100
Price spread: −0.438% → 0.000%: −$43.81
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$157.8
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 42 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 Coinbase International live order book, 42 min ago	29.80 bp	144.3 bp −$144	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 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	0.02506	−0.223%	$13K	$353K	5x	as long as short
Perpl MON	0.0000%	43m	0.02497	−0.550%	$126K	$2.2M	10x	as long as short
Orderly PERP_MON_USDC	+0.0089%	4h	0.02497	−0.565%	$16K	$42K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02499	−0.486%	$801K	$787K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0100%	8h	0.02500	−0.438%	$8K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02498	−0.541%	$391K	$575K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02499	−0.484%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02500	−0.434%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02501	−0.394%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02495	−0.625%	$23.7M	$27.5M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02495	−0.645%	$20.7M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02495	−0.645%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.446%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02498	−0.526%	$931K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02500	−0.446%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02499	−0.486%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02498	−0.514%	$109K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02504	−0.304%	$743K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02504	−0.287%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	−0.206%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02506	−0.207%	$68K	$536K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02495	−0.645%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02499	−0.494%	$47K	$268K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02496	−0.625%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02500	−0.446%	$5K	$113	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0191%	1h	0.02497	−0.577%	$72K	$138K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02494	−0.669%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0272%	1h	0.02498	−0.526%	$6K	$3K	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	−0.446%	$1.3M	$348K	75x	as long as short
Hyperliquid MON	+0.0425%	1h	0.02499	−0.470%	$33.8M	$7.8M	5x	as long as short
Aftermath Perps MONUSD	+0.0476%	1h	0.02502	−0.384%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0576%	1h	0.02511	long leg	$110K	$53K	50x
Kraken Futures PF_MONUSD	+0.0846%	1h	0.02498	−0.533%	$268K	$119K	10x	as long as short