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+0.0132%/8h= +14.4% APRpaid last 24h +0.020%
Price spread now: Paradex against Injective+0.014%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 4 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 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective MON/USDC PERP0.02503−0.0032get 0.0004% / 1h18m 37s$5K$1115.5x
ShortParadex MON-USD-PERP0.025030.0100get 0.0100% / 8h18m 37s$8K$425x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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
$27.62
Price spread: +0.014% → 0.000%
$1.44
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Paradex: 2 bp × 2 orders
−$4
Net
$25.04
Costs to cover
0.040%
Break-even
0.7 days
Slippage unknown: Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Paradex no order-book sample
Injective 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERPlong−0.0032%1h0.02503long leg$5K$1115.5x
Phoenix MON0.0000%1h0.02497−0.228%$13K$349K5xas long as short
Perpl MON0.0000%43m0.02506+0.136%$122K$2.2M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02505+0.080%$73K$138K25xas long as short
Lighter MON+0.0096%1h0.02505+0.080%$803K$785K10xas long as short
Paradex MON-USD-PERPshort+0.0100%8h0.02503+0.014%$8K$425x
Aster MONUSDT+0.0100%4h0.02501−0.066%$99K$213K10xas long as short
dYdX MON-USD+0.0100%1h0.02499−0.155%$12K5xas long as short
Pacifica MON+0.0100%1h0.02504+0.052%$139K$91K3xas long as short
Binance MONUSDT+0.0100%4h0.02502−0.040%$23.8M$27.6M75xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MONUSDT+0.0100%8h0.02502−0.040%$20.8M$13.9M50xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02502−0.040%$4.2M$6.2M50xas long as short
Gate MON_USDT+0.0100%4h0.025030.000%$938K$1.1M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02504+0.040%$2.9M$766K75xas long as short
Bitget MONUSDT+0.0100%4h0.025030.000%$2.7M$2.3M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02507+0.144%$109K$157K10xas long as short
Variational Omni MON+0.0100%8h0.02492−0.437%$740K$410Kas long as short
edgeX MONUSDC+0.0100%4h0.02493−0.380%$41K$251K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02497−0.240%$556K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02497−0.240%$68K$540K50xas long as short
Nado MON-PERP+0.0100%1h0.02508+0.192%$393K$578K10xas long as short
Orderly PERP_MON_USDC+0.0100%4h0.02504+0.040%$16K$42K10xas long as short
SoDEX MON-USD+0.0100%1h0.02504+0.040%$5K$6K5xas long as short
Bulk MON-USD+0.0100%1h0.02500−0.133%$103K−$010xas long as short
Extended MON-USD+0.0104%1h0.02507+0.166%$47K$314K10xas long as short
Aevo MON-PERP+0.0104%1h0.02504+0.044%$38K3xas long as short
Hyperliquid MON+0.0157%1h0.02507+0.172%$33.9M$7.8M5xas long as short
01 Exchange MONUSD+0.0208%1h0.02505+0.088%$6K$3K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0246%1h0.02505+0.060%$6K50xas long as short
BloFin MON-USDT+0.0340%4h0.02506+0.120%$1.3M$334K75xas long as short
Aftermath Perps MONUSD+0.0603%1h0.02500−0.114%$4K$102K10xas long as short
Coinbase International MON-PERP-INTX+0.0680%1h0.02515+0.471%$111K$54K50xas long as short
Kraken Futures PF_MONUSD+0.1202%1h0.02507+0.165%$269K$118K10xas long as short