Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0031%/8h= +3.3% APRpaid last 24h 0.000%
Price spread now: Bulk against Paradex+0.833%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.833% dearer against Paradex than usual: you sell high and buy low: +$83 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MON-USD-PERP0.025790.0069pay 0.0069% / 8h2h 04m$8K$425x
ShortBulk MON-USD0.026000.0100get 0.0013% / 1h4m 14s$109K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Paradex. 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

Funding earned
$6.41
Price spread: +0.833% → 0.000%
$83.28
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$78.69
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Bulk: live order book, 20 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Bulk live order book, 20 min ago19.27 bp22.8 bp −$2342.9 bp −$429115.9 bp −$11.6K619.2 bp −$309.6K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0739%1h0.02599+0.794%$6K$1105.5xas long as short
Deribit MON_USDC-PERPETUAL−0.0370%1h0.02581+0.084%$66K$114K25xas long as short
01 Exchange MONUSD−0.0336%1h0.02571−0.272%$6K$1K5xas long as short
Bybit MONUSDT−0.0027%8h0.02577−0.059%$21.5M$11.8M50xas long as short
Phoenix MON0.0000%1h0.02591+0.476%$13K$384K5xas long as short
Paradex MON-USD-PERPlong+0.0069%8h0.02579long leg$8K$425x
Orderly PERP_MON_USDC+0.0077%4h0.02579+0.018%$17K$64K10xas long as short
Aftermath Perps MONUSD+0.0081%1h0.02589+0.404%$2K$73K10xas long as short
Lighter MON+0.0096%1h0.02579+0.018%$843K$763K10xas long as short
Nado MON-PERP+0.0100%1h0.02582+0.123%$388K$536K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02582+0.123%$34.8M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02581+0.100%$107K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02583+0.189%$13K5xas long as short
Pacifica MON+0.0100%1h0.02580+0.057%$142K$106K3xas long as short
Binance MONUSDT+0.0100%4h0.02580+0.039%$24.5M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02575−0.137%$4.4M$5.9M50xas long as short
Bulk MON-USDshort+0.0100%1h0.02600+0.833%$109K$3K10x
Gate MON_USDT+0.0100%4h0.02580+0.057%$1.0M$935K50xas long as short
Bitget MONUSDT+0.0100%4h0.02581+0.096%$2.7M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02579+0.033%$778K$412Kas long as short
edgeX MONUSDC+0.0100%4h0.02589+0.396%$47K$242K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02592+0.535%$583K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02589+0.406%$69K$479K50xas long as short
SoDEX MON-USD+0.0100%1h0.02578−0.020%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02581+0.112%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02578−0.017%$39K3xas long as short
BloFin MON-USDT+0.0109%4h0.02576−0.098%$1.4M$244K75xas long as short
Kraken Futures PF_MONUSD+0.0132%1h0.02584+0.205%$266K$67K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02581+0.111%$9K50xas long as short
Backpack MON_USDC_PERP+0.0271%1h0.02580+0.069%$138K$137K10xas long as short
KuCoin MONUSDTM+0.0326%4h0.02581+0.096%$3.1M$747K75xas long as short
Perpl MON+0.0447%43m0.02580+0.046%$144K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0648%1h0.02607+1.093%$114K$50K50xas long as short