Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0644%/8h= −70.5% APRpaid last 24h −0.214%

Price spread now: Paradex against Coinbase International−1.254%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Paradex is 1.254% cheaper against Coinbase International than usual: you would sell low and buy high (−$125 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02525	0.0744	pay 0.0093% / 1h	30m 00s	$111K	$53K	50x
Short	Paradex MON-USD-PERP	0.02493	0.0100	get 0.0100% / 8h	7h 30m	$7K	$42	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −1.254%Rate

Funding earned: −$135.25
Price spread: −1.254% → 0.000%: −$125.41
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$274.65
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	22.39 bp	149.2 bp −$149	doesn't fit	doesn't fit	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
Backpack MON_USDC_PERP	−0.0146%	1h	0.02498	−1.053%	$111K	$157K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−0.792%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02504	−0.828%	$13K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02496	−1.152%	$72K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02498	−1.069%	$803K	$766K	10x	as long as short
Paradex MON-USD-PERPshort	+0.0100%	8h	0.02493	−1.254%	$7K	$42	5x
Hyperliquid MON	+0.0100%	1h	0.02499	−1.010%	$33.8M	$7.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02497	−1.094%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02499	−1.047%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02497	−1.117%	$138K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02497	−1.109%	$23.8M	$27.7M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02496	−1.149%	$20.8M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02499	−1.030%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.214%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02497	−1.109%	$936K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02498	−1.069%	$2.9M	$771K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02499	−1.030%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02497	−1.125%	$741K	$378K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02503	−0.875%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02513	−0.475%	$559K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02505	−0.792%	$68K	$545K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02497	−1.117%	$388K	$575K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02495	−1.188%	$16K	$40K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02498	−1.069%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02497	−1.099%	$57K	$332K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02494	−1.228%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0120%	1h	0.02495	−1.180%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02497	−1.097%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	−0.990%	$1.3M	$369K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02498	−1.085%	$118K	$2.2M	10x	as long as short
Aftermath Perps MONUSD	+0.0495%	1h	0.02506	−0.733%	$5K	$103K	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0744%	1h	0.02525	long leg	$111K	$53K	50x
Kraken Futures PF_MONUSD	+0.0801%	1h	0.02499	−1.030%	$268K	$118K	10x	as long as short