Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0385%/8h= +42.1% APRpaid last 24h +0.219%
Price spread now: Coinbase International against Paradex+1.920%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
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 1.920% dearer against Paradex than usual: you sell high and buy low: +$192 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MON-USD-PERP0.025600.0095pay 0.0095% / 8h21m 02s$8K$425x
ShortCoinbase International MON-PERP-INTX0.026090.0480get 0.0060% / 1h21m 02s$115K$50K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$80.8
Price spread: +1.920% → 0.000%
$192.02
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$258.82
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 57 min ago. 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 Paradex no order-book sample
Sell Coinbase International live order book, 57 min ago15.92 bp20.9 bp −$21doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0121%1h0.02576+0.635%$6K$1075.5xas long as short
01 Exchange MONUSD−0.0072%1h0.02560+0.029%$6K$1K5xas long as short
Bybit MONUSDT−0.0028%8h0.02556−0.146%$21.1M$12.1M50xas long as short
Deribit MON_USDC-PERPETUAL−0.0023%1h0.02559−0.021%$69K$119K25xas long as short
Phoenix MON0.0000%1h0.02563+0.115%$13K$360K5xas long as short
Orderly PERP_MON_USDC+0.0069%4h0.02558−0.068%$17K$64K10xas long as short
Aftermath Perps MONUSD+0.0095%1h0.02567+0.295%$3K$75K10xas long as short
Paradex MON-USD-PERPlong+0.0095%8h0.02560long leg$8K$425x
Lighter MON+0.0096%1h0.02560+0.010%$850K$794K10xas long as short
Nado MON-PERP+0.0100%1h0.02563+0.124%$391K$545K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02561+0.057%$34.7M$7.6M5xas long as short
Aster MONUSDT+0.0100%4h0.02563+0.113%$107K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02564+0.166%$13K5xas long as short
Pacifica MON+0.0100%1h0.02563+0.111%$141K$105K3xas long as short
Binance MONUSDT+0.0100%4h0.02557−0.107%$24.4M$25.5M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02556−0.146%$4.3M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02570+0.401%$108K$39010xas long as short
Gate MON_USDT+0.0100%4h0.02558−0.068%$973K$910K50xas long as short
Bitget MONUSDT+0.0100%4h0.02560+0.010%$2.7M$1.9M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02559−0.037%$127K$141K10xas long as short
Variational Omni MON+0.0100%8h0.02557−0.101%$775K$408Kas long as short
edgeX MONUSDC+0.0100%4h0.02561+0.060%$47K$244K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02564+0.166%$581K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02562+0.088%$68K$482K50xas long as short
SoDEX MON-USD+0.0100%1h0.02557−0.107%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02562+0.076%$51K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02560+0.002%$39K3xas long as short
KuCoin MONUSDTM+0.0240%4h0.02566+0.244%$3.0M$717K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0598%1h0.02560+0.022%$8K50xas long as short
BloFin MON-USDT+0.0340%4h0.02556−0.146%$1.3M$306K75xas long as short
Kraken Futures PF_MONUSD+0.0422%1h0.02561+0.053%$269K$78K10xas long as short
Perpl MON+0.0447%43m0.02560+0.010%$125K$1.8M10xas long as short
Coinbase International MON-PERP-INTXshort+0.0480%1h0.02609+1.920%$115K$50K50x