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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Paradex+0.031%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 · Variational Omni: 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: Variational Omni is 0.031% dearer against Paradex than usual: you sell high and buy low, +$3 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-PERP0.025220.0099pay 0.0099% / 8h5h 09m$8K$425x
ShortVariational Omni MON0.025230.0100get 0.0100% / 8h5h 09m$749K$405K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$0.21
Price spread: +0.031% → 0.000%
$3.1
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$0.69
Costs to cover
0.040%
Break-even
30.5 days
Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 55 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 Variational Omni RFQ quote, 55 min ago9.85 bpdoesn't fit124.1 bp −$1,241doesn'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 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
Phoenix MON−0.0316%1h0.02528+0.237%$12K$367K5xas long as short
Backpack MON_USDC_PERP−0.0258%1h0.02524+0.062%$111K$152K10xas long as short
Injective MON/USDC PERP−0.0253%1h0.02528+0.229%$5K$1125.5xas long as short
Bybit MONUSDT−0.0131%8h0.02521−0.061%$20.7M$13.1M50xas long as short
01 Exchange MONUSD−0.0080%1h0.02523+0.047%$6K$1K5xas long as short
Perpl MON0.0000%43m0.02525+0.090%$104K$2.3M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02523+0.043%$68K$125K25xas long as short
Orderly PERP_MON_USDC+0.0085%4h0.02523+0.031%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02524+0.070%$842K$738K10xas long as short
Paradex MON-USD-PERPlong+0.0099%8h0.02522long leg$8K$425x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02525+0.098%$34.2M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02524+0.081%$101K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02525+0.124%$13K5xas long as short
Pacifica MON+0.0100%1h0.02523+0.031%$140K$92K3xas long as short
Binance MONUSDT+0.0100%4h0.02523+0.031%$24.0M$26.7M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02522−0.009%$4.2M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02520−0.072%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02523+0.031%$951K$967K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02526+0.150%$2.9M$743K75xas long as short
Bitget MONUSDT+0.0100%4h0.02524+0.070%$2.7M$2.1M25xas long as short
Variational Omni MONshort+0.0100%8h0.02523+0.031%$749K$405K
edgeX MONUSDC+0.0100%4h0.02526+0.133%$42K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02529+0.259%$566K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02524+0.070%$68K$504K50xas long as short
Nado MON-PERP+0.0100%1h0.02525+0.126%$411K$543K10xas long as short
SoDEX MON-USD+0.0100%1h0.02523+0.031%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02524+0.084%$48K$513K10xas long as short
Aevo MON-PERP+0.0104%1h0.02524+0.051%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02523+0.043%$9K50xas long as short
Aftermath Perps MONUSD+0.0262%1h0.02528+0.216%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02518−0.168%$1.3M$325K75xas long as short
Kraken Futures PF_MONUSD+0.0492%1h0.02527+0.173%$269K$113K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02534+0.467%$112K$57K50xas long as short