Funding you earn now, next payment 08:00 UTC−0.0109%/8h= −11.9% APRnext payment −$1.09 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against Paradex−0.127%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.127% cheaper against Paradex than usual: you would sell low and buy high (−$13 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 | Paradex MON-USD-PERP | 0.02475 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $7K | $42 | 5x |
| Short | Bybit MONUSDT | 0.02472 | −0.0009 | pay 0.0009% / 8h | 2h 31m | $20.3M | $13.6M | 50x |
Paradex MON-USD-PERP
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$22.92
- Price spread: −0.127% → 0.000%
- −$12.69
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$50.61
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 6.07 bp | 22.9 bp −$23 | 57.7 bp −$577 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0121% | 1h | 0.02477 | +0.083% | $115K | $156K | 10x | as long as short |
| Bybit MONUSDTshort | −0.0009% | 8h | 0.02472 | −0.127% | $20.3M | $13.6M | 50x | |
| Phoenix MON | 0.0000% | 1h | 0.02478 | +0.103% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02476 | +0.014% | $73K | $136K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0032% | 1h | 0.02477 | +0.087% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02489 | +0.552% | $5K | $113 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02475 | −0.014% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02476 | +0.027% | $819K | $752K | 10x | as long as short |
| Paradex MON-USD-PERPlong | +0.0100% | 8h | 0.02475 | long leg | $7K | $42 | 5x | |
| Nado MON-PERP | +0.0100% | 1h | 0.02477 | +0.070% | $409K | $569K | 10x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Injective MON/USDC PERP
Orderly PERP_MON_USDC
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02477 | +0.055% | $33.2M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02476 | +0.033% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02474 | −0.066% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02477 | +0.067% | $137K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02475 | −0.014% | $23.5M | $27.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02474 | −0.054% | $4.1M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02475 | −0.014% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02477 | +0.067% | $926K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02480 | +0.188% | $2.8M | $764K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02477 | +0.067% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02482 | +0.274% | $737K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02473 | −0.094% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02477 | +0.054% | $557K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02477 | +0.067% | $67K | $527K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02475 | −0.014% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02476 | +0.040% | $47K | $288K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02474 | −0.054% | $37K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02476 | +0.010% | $6K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0230% | 1h | 0.02482 | +0.268% | $5K | $81K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02477 | +0.067% | $1.3M | $347K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02477 | +0.083% | $113K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +2.208% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1027% | 1h | 0.02479 | +0.147% | $266K | $119K | 10x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD