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+0.0003%/8h= +0.3% APRpaid last 24h +0.005%
Price spread now: Nado against Paradex+0.189%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 · Nado: 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: Nado is 0.189% dearer against Paradex than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MON-USD-PERP0.025510.0097pay 0.0097% / 8h6h 19m$8K$425x
ShortNado MON-PERP0.025550.0100get 0.0012% / 1h19m 10s$410K$545K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$0.54
Price spread: +0.189% → 0.000%
$18.94
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$8.48
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Nado: live order book, 49 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 Nado live order book, 49 min ago0.58 bp10.2 bp −$10doesn'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−0.0388%1h0.02522−1.121%$5K$1085.5xas long as short
Bybit MONUSDT−0.0072%8h0.02552+0.070%$21.0M$12.8M50xas long as short
Phoenix MON0.0000%1h0.02556+0.204%$13K$349K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02552+0.059%$69K$125K25xas long as short
01 Exchange MONUSD+0.0024%1h0.02552+0.063%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0061%4h0.02553+0.094%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02555+0.172%$851K$742K10xas long as short
Paradex MON-USD-PERPlong+0.0097%8h0.02551long leg$8K$425x
Nado MON-PERPshort+0.0100%1h0.02555+0.189%$410K$545K10x
Hyperliquid MON+0.0100%1h0.02557+0.259%$34.7M$7.6M5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02554+0.142%$102K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02554+0.128%$13K5xas long as short
Pacifica MON+0.0100%1h0.02552+0.074%$141K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02555+0.172%$24.4M$26.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02553+0.094%$4.3M$5.9M50xas long as short
Gate MON_USDT+0.0100%4h0.02552+0.055%$956K$904K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02556+0.212%$2.9M$744K75xas long as short
Bitget MONUSDT+0.0100%4h0.02557+0.251%$2.7M$2.0M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02556+0.216%$119K$157K10xas long as short
Variational Omni MON+0.0100%8h0.02554+0.134%$759K$419Kas long as short
edgeX MONUSDC+0.0100%4h0.02556+0.202%$44K$248K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02555+0.172%$574K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02558+0.290%$69K$495K50xas long as short
SoDEX MON-USD+0.0100%1h0.02552+0.055%$5K$6K5xas long as short
Bulk MON-USD+0.0100%1h0.02550−0.024%$106K$4K10xas long as short
Extended MON-USD+0.0104%1h0.02555+0.179%$51K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02552+0.055%$39K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0429%1h0.02551+0.023%$9K50xas long as short
Aftermath Perps MONUSD+0.0319%1h0.02551+0.013%$2K$79K10xas long as short
Perpl MON+0.0447%43m0.02552+0.067%$106K$2.3M10xas long as short
Coinbase International MON-PERP-INTX+0.0744%1h0.02560+0.365%$112K$53K50xas long as short
Kraken Futures PF_MONUSD+0.0837%1h0.02555+0.172%$278K$88K10xas long as short