Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against edgeX+0.027%52s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Paradex: 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 0.027% dearer against edgeX than usual: you sell high and buy low, +$3 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	edgeX MONUSDC	0.02517	0.0100	pay 0.0050% / 4h	3h 42m	$41K	$252K	10x
Short	Paradex MON-USD-PERP	0.02517	0.0100	get 0.0100% / 8h	7h 42m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$0.01
Price spread: +0.027% → 0.000%: $2.67
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.34
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 55 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 edgeX live order book, 55 min ago	8.00 bp	19.2 bp −$19	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
Backpack MON_USDC_PERP	−0.0157%	1h	0.02518	+0.043%	$110K	$157K	10x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0147%	1h	0.02516	−0.044%	$73K	$137K	25x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−0.469%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02519	+0.095%	$13K	$346K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02520	+0.127%	$809K	$765K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0100%	8h	0.02517	+0.027%	$8K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02522	+0.222%	$392K	$573K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02523	+0.250%	$34.1M	$7.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02520	+0.122%	$100K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02519	+0.073%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02520	+0.119%	$139K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02520	+0.127%	$24.0M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02520	+0.127%	$21.1M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02519	+0.087%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	−0.269%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02520	+0.127%	$946K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02521	+0.166%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02521	+0.166%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02516	−0.049%	$747K	$408K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02517	long leg	$41K	$252K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	+0.127%	$561K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02519	+0.087%	$68K	$542K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02520	+0.127%	$16K	$40K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02516	−0.032%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02521	+0.173%	$60K	$328K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02519	+0.107%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0176%	1h	0.02520	+0.127%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02521	+0.159%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02516	−0.032%	$1.3M	$371K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02516	−0.016%	$119K	$2.2M	10x	as long as short
Aftermath Perps MONUSD	+0.0480%	1h	0.02517	+0.014%	$5K	$103K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02523	+0.258%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0795%	1h	0.02519	+0.092%	$271K	$118K	10x	as long as short