Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0108%/8h= +11.9% APRpaid last 24h +0.034%

Price spread now: 01 Exchange against Paradex−0.112%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 01 Exchange

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. 01 Exchange is 0.112% cheaper against Paradex than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MON-USD-PERP	0.02506	0.0100	pay 0.0100% / 8h	3h 22m	$8K	$42	5x
Short	01 Exchange MONUSD	0.02503	0.0208	get 0.0026% / 1h	22m 08s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.112%Rate

Funding earned: $22.73
Price spread: −0.112% → 0.000%: −$11.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $0.54
Costs to cover: 0.110%
Break-even: 6.8 days

Slippage unknown: Paradex: no order-book sample; 01 Exchange: 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 Paradex no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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
Injective MON/USDC PERP	−0.0203%	1h	0.02523	+0.690%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0005%	8h	0.02505	−0.044%	$20.6M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02518	+0.511%	$12K	$358K	5x	as long as short
Backpack MON_USDC_PERP	+0.0049%	1h	0.02507	+0.032%	$110K	$151K	10x	as long as short
Orderly PERP_MON_USDC	+0.0074%	4h	0.02507	+0.052%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02507	+0.052%	$841K	$732K	10x	as long as short
Paradex MON-USD-PERPlong	+0.0100%	8h	0.02506	long leg	$8K	$42	5x
Nado MON-PERP	+0.0100%	1h	0.02510	+0.160%	$407K	$586K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02508	+0.076%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02506	+0.015%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02509	+0.126%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02509	+0.132%	$138K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02505	−0.028%	$23.8M	$27.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02504	−0.068%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02511	+0.210%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02506	+0.012%	$937K	$984K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02509	+0.132%	$2.8M	$761K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02506	+0.012%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02520	+0.552%	$747K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02522	+0.656%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	+0.571%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02523	+0.690%	$68K	$521K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02506	+0.012%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02509	+0.114%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02505	−0.020%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0109%	1h	0.02507	+0.064%	$74K	$136K	25x	as long as short
01 Exchange MONUSDshort	+0.0208%	1h	0.02503	−0.112%	$6K	$1K	5x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02506	+0.028%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02517	+0.451%	$1.3M	$345K	75x	as long as short
Aftermath Perps MONUSD	+0.0353%	1h	0.02517	+0.460%	$2K	$74K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+0.970%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02507	+0.040%	$114K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0727%	1h	0.02509	+0.127%	$270K	$113K	10x	as long as short