Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Paradex−0.115%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

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

Funding pays, the price is against you. ApeX Omni is 0.115% cheaper against Paradex than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 32 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MON-USD-PERP	0.02556	0.0088	pay 0.0088% / 8h	1h 05m	$8K	$42	5x
Short	ApeX Omni MONUSDT	0.02553	0.0100	get 0.0013% / 1h	5m 11s	$68K	$482K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.115%Rate

Funding earned: $2.5
Price spread: −0.115% → 0.000%: −$11.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.02
Costs to cover: 0.140%
Break-even: 71.5 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 12 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 12 min ago	13.59 bp	22.7 bp −$23	119.4 bp −$1,194	doesn't fit	doesn't fit

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	−0.0071%	8h	0.02557	+0.033%	$21.1M	$11.9M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.746%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02565	+0.343%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02560	+0.151%	$129K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02560	+0.159%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0027%	1h	0.02564	+0.319%	$2K	$74K	10x	as long as short
01 Exchange MONUSD	+0.0040%	1h	0.02560	+0.143%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02559	+0.120%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERPlong	+0.0088%	8h	0.02556	long leg	$8K	$42	5x
Lighter MON	+0.0096%	1h	0.02559	+0.120%	$854K	$784K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02559	+0.104%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02560	+0.155%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02560	+0.146%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02557	+0.041%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02559	+0.120%	$24.4M	$24.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02557	+0.041%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.494%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02559	+0.120%	$990K	$879K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02560	+0.159%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02558	+0.092%	$127K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.109%	$770K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02550	−0.221%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02570	+0.538%	$576K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02553	−0.115%	$68K	$482K	50x
Nado MON-PERP	+0.0100%	1h	0.02561	+0.188%	$389K	$543K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02559	+0.120%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02561	+0.184%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02558	+0.080%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02562	+0.256%	$269K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02560	+0.143%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0276%	4h	0.02561	+0.198%	$3.0M	$707K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02555	−0.037%	$1.4M	$305K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02561	+0.190%	$113K	$50K	50x	as long as short