Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.035%

Price spread now: Paradex against BloFin+0.353%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.353% dearer against BloFin than usual: you sell high and buy low (spread +0.353% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02507	0.0340	pay 0.0170% / 4h	3h 20m	$1.3M	$343K	75x
Short	Paradex MON-USD-PERP	0.02516	0.0100	get 0.0100% / 8h	3h 20m	$8K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now +0.353%Rate

Funding earned: −$50.44
Price spread: +0.353% → 0.000%: $35.26
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$31.19
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	7.98 bp	22.8 bp −$23	44.3 bp −$443	177.6 bp −$17.8K	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
Injective MON/USDC PERP	−0.0203%	1h	0.02523	+0.638%	$5K	$112	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02518	+0.459%	$12K	$358K	5x	as long as short
Bybit MONUSDT	+0.0001%	8h	0.02515	+0.303%	$20.7M	$13.5M	50x	as long as short
Backpack MON_USDC_PERP	+0.0052%	1h	0.02517	+0.407%	$111K	$152K	10x	as long as short
Orderly PERP_MON_USDC	+0.0076%	4h	0.02516	+0.359%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02517	+0.399%	$844K	$732K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0100%	8h	0.02516	+0.353%	$8K	$42	5x
Hyperliquid MON	+0.0100%	1h	0.02517	+0.415%	$33.9M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02514	+0.279%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02508	+0.058%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02513	+0.239%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02516	+0.359%	$23.9M	$27.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02515	+0.319%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02511	+0.158%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02515	+0.319%	$940K	$986K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02517	+0.399%	$2.9M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02516	+0.359%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02510	+0.122%	$744K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02511	+0.177%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	+0.519%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02513	+0.239%	$68K	$522K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02516	+0.371%	$408K	$586K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02517	+0.399%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02519	+0.480%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02518	+0.431%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0187%	1h	0.02518	+0.443%	$74K	$136K	25x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02518	+0.435%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02517	+0.399%	$9K	—	50x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02507	long leg	$1.3M	$343K	75x
Aftermath Perps MONUSD	+0.0341%	1h	0.02515	+0.331%	$3K	$77K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+0.917%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02517	+0.391%	$114K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0724%	1h	0.02520	+0.513%	$271K	$113K	10x	as long as short