Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.065%

Price spread now: Paradex against 01 Exchange−0.071%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.071% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MONUSD	0.02561	0.0040	pay 0.0005% / 1h	4m 03s	$6K	$1K	5x
Short	Paradex MON-USD-PERP	0.02559	0.0088	get 0.0088% / 8h	1h 04m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.071%Rate

Funding earned: $10.16
Price spread: −0.071% → 0.000%: −$7.13
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.97
Costs to cover: 0.110%
Break-even: 12.5 days

Slippage unknown: 01 Exchange: no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange and 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
Bybit MONUSDT	−0.0069%	8h	0.02559	−0.086%	$21.2M	$11.9M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.539%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02565	+0.137%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02561	+0.008%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02562	+0.047%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0034%	1h	0.02563	+0.088%	$2K	$74K	10x	as long as short
01 Exchange MONUSDlong	+0.0040%	1h	0.02561	long leg	$6K	$1K	5x
Orderly PERP_MON_USDC	+0.0066%	4h	0.02560	−0.047%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0088%	8h	0.02559	−0.071%	$8K	$42	5x
Lighter MON	+0.0096%	1h	0.02562	+0.031%	$855K	$784K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02562	+0.041%	$389K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02563	+0.082%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02560	−0.033%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02560	−0.060%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02561	−0.008%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02561	−0.010%	$24.4M	$24.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02559	−0.086%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.287%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02560	−0.047%	$991K	$879K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02562	+0.031%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02561	0.000%	$127K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.314%	$770K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02550	−0.426%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02570	+0.332%	$576K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02553	−0.320%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02562	+0.031%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02563	+0.088%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02561	+0.012%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02566	+0.183%	$269K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02562	+0.020%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0272%	4h	0.02563	+0.070%	$3.0M	$707K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02555	−0.242%	$1.4M	$305K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02565	+0.141%	$113K	$50K	50x	as long as short