Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h 0.000%

Price spread now: Paradex against Binance+0.034%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Paradex

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 days—no price history on both exchanges yet

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

The price spread pays, funding is against you. Paradex is 0.034% dearer against Binance than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MONUSDT	0.02572	0.0100	pay 0.0050% / 4h	1h 13m	$24.5M	$24.6M	75x
Short	Paradex MON-USD-PERP	0.02572	0.0086	get 0.0086% / 8h	1h 13m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$2.93
Price spread: +0.034% → 0.000%: $3.4
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.53
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; 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 Binance live order book, 13 min ago	1.94 bp	16.6 bp −$17	55.2 bp −$552	507.8 bp −$50.8K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.0060%	8h	0.02569	−0.099%	$21.3M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.135%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.162%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02577	+0.208%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02576	+0.166%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0025%	1h	0.02577	+0.196%	$2K	$73K	10x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02570	−0.052%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02573	+0.057%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0086%	8h	0.02572	+0.034%	$8K	$42	5x
Lighter MON	+0.0096%	1h	0.02574	+0.096%	$853K	$773K	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	0.02580	+0.339%	$388K	$540K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02578	+0.240%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02576	+0.185%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02575	+0.121%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02573	+0.072%	$142K	$104K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02572	long leg	$24.5M	$24.6M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02567	−0.177%	$4.4M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	+0.235%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02571	−0.021%	$996K	$872K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02570	−0.060%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02575	+0.150%	$128K	$138K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02571	−0.014%	$779K	$406K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	+0.114%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	+0.212%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02576	+0.173%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02575	+0.135%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02573	+0.050%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02575	+0.138%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02580	+0.310%	$271K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02575	+0.142%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0308%	4h	0.02578	+0.251%	$3.2M	$667K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02575	+0.135%	$1.3M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.367%	$114K	$49K	50x	as long as short