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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: SoDEX against Paradex+0.040%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 3 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.040% dearer against Paradex than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MON-USD-PERP0.025270.0099pay 0.0099% / 8h2h 07m$8K$425x
ShortSoDEX MON-USD0.025280.0100get 0.0013% / 1h7m 03s$5K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.15
Price spread: +0.040% → 0.000%
$3.95
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$7.9
Costs to cover
0.120%
Break-even
371.8 days
Slippage unknown: Paradex: no order-book sample; SoDEX: 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 Paradex no order-book sample
Sell SoDEX no order-book sample
Paradex and SoDEX: 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
Backpack MON_USDC_PERP−0.0063%1h0.02529+0.095%$115K$154K10xas long as short
Phoenix MON0.0000%1h0.02529+0.067%$12K$355K5xas long as short
Bybit MONUSDT+0.0006%8h0.02524−0.119%$20.7M$13.7M50xas long as short
Injective MON/USDC PERP+0.0039%1h0.02506−0.831%$5K$1145.5xas long as short
01 Exchange MONUSD+0.0040%1h0.02531+0.150%$7K$2K5xas long as short
Aftermath Perps MONUSD+0.0045%1h0.02519−0.327%$5K$95K10xas long as short
Orderly PERP_MON_USDC+0.0084%4h0.02530+0.119%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02530+0.119%$816K$776K10xas long as short
Paradex MON-USD-PERPlong+0.0099%8h0.02527long leg$8K$425x
Nado MON-PERP+0.0100%1h0.02534+0.270%$411K$575K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02531+0.138%$34.1M$7.8M5xas long as short
Aster MONUSDT+0.0100%4h0.02528+0.028%$100K$221K10xas long as short
dYdX MON-USD+0.0100%1h0.02528+0.046%$13K5xas long as short
Pacifica MON+0.0100%1h0.02529+0.079%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02526−0.032%$24.0M$27.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02524−0.119%$4.2M$6.2M50xas long as short
Bulk MON-USD+0.0100%1h0.02510−0.673%$103K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02529+0.079%$945K$1.0M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02533+0.237%$2.9M$767K75xas long as short
Bitget MONUSDT+0.0100%4h0.02530+0.119%$2.7M$2.3M25xas long as short
Variational Omni MON+0.0100%8h0.02516−0.453%$746K$413Kas long as short
edgeX MONUSDC+0.0100%4h0.02515−0.460%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02520−0.297%$560K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02517−0.396%$68K$529K50xas long as short
SoDEX MON-USDshort+0.0100%1h0.02528+0.040%$5K$6K5x
Extended MON-USD+0.0104%1h0.02533+0.241%$53K$262K10xas long as short
Aevo MON-PERP+0.0104%1h0.02529+0.079%$38K3xas long as short
Deribit MON_USDC-PERPETUAL+0.0106%1h0.02530+0.131%$74K$135K25xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0246%1h0.02529+0.075%$6K50xas long as short
BloFin MON-USDT+0.0340%4h0.02526−0.040%$1.3M$350K75xas long as short
Perpl MON+0.0447%43m0.02530+0.111%$115K$2.2M10xas long as short
Coinbase International MON-PERP-INTX+0.0456%1h0.02542+0.613%$112K$56K50xas long as short
Kraken Futures PF_MONUSD+0.1005%1h0.02532+0.184%$272K$119K10xas long as short