Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.144%
Price spread now: Backpack against Paradex+0.039%7-day average — · you sell dearer than you buy
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: Backpack is 0.039% dearer against Paradex than usual: you sell high and buy low, +$4 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 | Paradex MON-USD-PERP | 0.02603 | 0.0092 | pay 0.0092% / 8h | 47m 30s | $8K | $42 | 5x |
| Short | Backpack MON_USDC_PERP | 0.02604 | 0.0100 | get 0.0013% / 1h | 47m 30s | $129K | $141K | 10x |
Paradex MON-USD-PERP
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Paradex. 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
- $1.73
- Price spread: +0.039% → 0.000%
- $3.88
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.39
- Costs to cover
- 0.140%
- Break-even
- 40.9 days
Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 31 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 31 min ago | 0.19 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0121% | 1h | 0.02575 | −1.060% | $6K | $106 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0057% | 8h | 0.02599 | −0.134% | $21.5M | $12.0M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0016% | 1h | 0.02602 | −0.015% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02589 | −0.518% | $13K | $360K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02601 | −0.042% | $129K | $1.8M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0035% | 1h | 0.02588 | −0.559% | $2K | $74K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0067% | 4h | 0.02596 | −0.253% | $17K | $64K | 10x | as long as short |
| Variational Omni MON | +0.0088% | 8h | 0.02583 | −0.746% | $781K | $409K | — | as long as short |
| Paradex MON-USD-PERPlong | +0.0092% | 8h | 0.02603 | long leg | $8K | $42 | 5x | |
| Lighter MON | +0.0096% | 1h | 0.02603 | +0.016% | $865K | $790K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Perpl MON
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Variational Omni MON
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02603 | +0.010% | $398K | $545K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02602 | −0.011% | $35.2M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02602 | −0.012% | $109K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02601 | −0.059% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02602 | −0.007% | $144K | $105K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02601 | −0.057% | $24.8M | $25.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02598 | −0.176% | $4.4M | $6.0M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02603 | +0.016% | $1.0M | $871K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02602 | −0.023% | $2.8M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERPshort | +0.0100% | 1h | 0.02604 | +0.039% | $129K | $141K | 10x | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02590 | −0.473% | $48K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02590 | −0.484% | $577K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02584 | −0.714% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02598 | −0.176% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02588 | −0.566% | $109K | $3K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02607 | +0.168% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02598 | −0.192% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02597 | −0.223% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0270% | 4h | 0.02606 | +0.131% | $3.0M | $714K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02586 | −0.637% | $1.3M | $310K | 75x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0404% | 1h | 0.02599 | −0.123% | $70K | $119K | 25x | as long as short |
| Kraken Futures PF_MONUSD | +0.0415% | 1h | 0.02601 | −0.048% | $273K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02597 | −0.207% | $114K | $50K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
BloFin MON-USDT
Deribit MON_USDC-PERPETUAL
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX