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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0437%/8h= +47.9% APRpaid last 24h +0.221%
Price spread now: Coinbase International against Paradex+0.343%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 4 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 +$13 a day on $10k at the current rate, and Coinbase International is 0.343% dearer against Paradex than usual: you sell high and buy low: +$34 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-PERP0.025260.0099pay 0.0099% / 8h5h 53m$8K$425x
ShortCoinbase International MON-PERP-INTX0.025350.0536get 0.0067% / 1h53m 54s$111K$51K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$91.86
Price spread: +0.343% → 0.000%
$34.3
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$112.16
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 9 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 Coinbase International live order book, 9 min ago20.13 bp105.3 bp −$105doesn't fitdoesn't fitdoesn'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 32 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−0.0253%1h0.02531+0.200%$5K$1065.5xas long as short
Bybit MONUSDT−0.0064%8h0.02525−0.037%$20.7M$12.8M50xas long as short
Backpack MON_USDC_PERP−0.0040%1h0.02530+0.173%$118K$148K10xas long as short
Phoenix MON0.0000%1h0.02527+0.058%$13K$367K5xas long as short
Deribit MON_USDC-PERPETUAL+0.0026%1h0.02533+0.260%$68K$125K25xas long as short
01 Exchange MONUSD+0.0032%1h0.02530+0.149%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0077%4h0.02530+0.161%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02531+0.200%$843K$738K10xas long as short
Paradex MON-USD-PERPlong+0.0099%8h0.02526long leg$8K$425x
Nado MON-PERP+0.0100%1h0.02530+0.170%$405K$539K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02530+0.169%$34.3M$7.4M5xas long as short
Aster MONUSDT+0.0100%4h0.02530+0.155%$101K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02530+0.153%$13K5xas long as short
Pacifica MON+0.0100%1h0.02529+0.121%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02528+0.082%$24.1M$25.9M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02526+0.003%$4.2M$5.8M50xas long as short
Bulk MON-USD+0.0100%1h0.02530+0.161%$105K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.02530+0.161%$942K$908K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02531+0.200%$2.9M$741K75xas long as short
Bitget MONUSDT+0.0100%4h0.02529+0.121%$2.7M$2.0M25xas long as short
Variational Omni MON+0.0100%8h0.02538+0.481%$750K$404Kas long as short
edgeX MONUSDC+0.0100%4h0.02523−0.110%$43K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02527+0.032%$565K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02524−0.077%$68K$498K50xas long as short
SoDEX MON-USD+0.0100%1h0.02531+0.200%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02529+0.134%$48K$518K10xas long as short
Aevo MON-PERP+0.0104%1h0.02532+0.240%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02530+0.161%$9K50xas long as short
Aftermath Perps MONUSD+0.0323%1h0.02532+0.249%$2K$74K10xas long as short
Perpl MON+0.0447%43m0.02531+0.208%$105K$2.3M10xas long as short
Kraken Futures PF_MONUSD+0.0491%1h0.02533+0.287%$267K$97K10xas long as short
Coinbase International MON-PERP-INTXshort+0.0536%1h0.02535+0.343%$111K$51K50x