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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: SoDEX against Paradex+0.062%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.062% dearer against Paradex than usual: you sell high and buy low, +$6 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-PERP0.025000.0099pay 0.0099% / 8h1h 53m$8K$425x
ShortSoDEX MON-USD0.025020.0100get 0.0013% / 1h53m 46s$5K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.11
Price spread: +0.062% → 0.000%
$6.17
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$5.71
Costs to cover
0.120%
Break-even
362.7 days
Slippage unknown: Paradex: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample
Paradex and SoDEX: 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
Backpack MON_USDC_PERP−0.0054%1h0.02502+0.070%$114K$154K10xas long as short
Phoenix MON0.0000%1h0.02509+0.350%$12K$353K5xas long as short
Bybit MONUSDT+0.0034%8h0.02499−0.046%$20.5M$13.7M50xas long as short
Aftermath Perps MONUSD+0.0083%1h0.02511+0.421%$6K$98K10xas long as short
Orderly PERP_MON_USDC+0.0085%4h0.02502+0.062%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02504+0.142%$804K$786K10xas long as short
Paradex MON-USD-PERPlong+0.0099%8h0.02500long leg$8K$425x
Nado MON-PERP+0.0100%1h0.02506+0.214%$401K$578K10xas long as short
Aster MONUSDT+0.0100%4h0.02500−0.008%$99K$221K10xas long as short
dYdX MON-USD+0.0100%1h0.02502+0.082%$13K5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica MON+0.0100%1h0.02502+0.062%$139K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02501+0.022%$23.8M$27.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02499−0.058%$4.2M$6.2M50xas long as short
Bulk MON-USD+0.0100%1h0.02520+0.776%$103K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02501+0.022%$936K$1.0M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02503+0.102%$2.9M$766K75xas long as short
Bitget MONUSDT+0.0100%4h0.02502+0.062%$2.7M$2.3M25xas long as short
Variational Omni MON+0.0100%8h0.02507+0.244%$743K$413Kas long as short
edgeX MONUSDC+0.0100%4h0.02513+0.499%$41K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02513+0.494%$558K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02509+0.342%$68K$532K50xas long as short
SoDEX MON-USDshort+0.0100%1h0.02502+0.062%$5K$6K5x
Extended MON-USD+0.0104%1h0.02505+0.166%$53K$262K10xas long as short
Aevo MON-PERP+0.0104%1h0.02501+0.030%$38K3xas long as short
Injective MON/USDC PERP+0.0109%1h0.02506+0.222%$5K$1085.5xas long as short
Deribit MON_USDC-PERPETUAL+0.0110%1h0.02502+0.074%$74K$135K25xas long as short
01 Exchange MONUSD+0.0208%1h0.02501+0.038%$7K$2K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0230% / S −0.0246%1h0.02501+0.018%$6K50xas long as short
BloFin MON-USDT+0.0340%4h0.02506+0.222%$1.3M$347K75xas long as short
Hyperliquid MON+0.0379%1h0.02505+0.166%$33.8M$7.8M5xas long as short
Perpl MON+0.0447%43m0.02503+0.106%$114K$2.2M10xas long as short
Coinbase International MON-PERP-INTX+0.0576%1h0.02542+1.681%$112K$55K50xas long as short
Kraken Futures PF_MONUSD+0.0844%1h0.02504+0.150%$269K$118K10xas long as short