Funding you earn now, next payment 23:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h +0.017%
Price spread now: Lighter against BloFin−0.039%60s7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$760.759% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 3 days (all we have)−0.203%−$20 · spread now −0.039%, 7d avg +0.054%
=Together, before fees−0.320%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.093% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MON-USDT | 0.02588 | 0.0340 | pay 0.0170% / 4h | 1h 37m | $1.4M | $294K | 75x |
| Short | Lighter MON | 0.02587 | 0.0096 | get 0.0012% / 1h | 37m 57s | $857K | $773K | 10x |
BloFin MON-USDT
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$51.24
- Price spread: −0.039% → +0.054%
- −$9.26
- Slippage, 4 orders
- −$63.93
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$136.44
- Costs to cover
- 0.759%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Lighter: live order book, 42 min ago.
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 BloFin live order book, 5 min ago | 5.79 bp | 18.5 bp −$18 | 35.3 bp −$353 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 42 min ago | 7.69 bp | 20.1 bp −$20 | 133.8 bp −$1,338 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MON_USDC-PERPETUAL | −0.0175% | 1h | 0.02587 | −0.031% | $70K | $119K | 25x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02582 | −0.232% | $6K | $107 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0039% | 8h | 0.02581 | −0.255% | $21.5M | $11.7M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0008% | 1h | 0.02589 | +0.054% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02590 | +0.085% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02590 | +0.073% | $144K | $1.8M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0029% | 1h | 0.02590 | +0.064% | $2K | $74K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0073% | 4h | 0.02587 | −0.039% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0077% | 8h | 0.02588 | −0.019% | $8K | $42 | 5x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02587 | −0.039% | $857K | $773K | 10x |
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Perpl MON
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02592 | +0.170% | $389K | $537K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02587 | −0.027% | $35.0M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02588 | +0.011% | $108K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02593 | +0.198% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02590 | +0.077% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02584 | −0.173% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02581 | −0.270% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02585 | −0.100% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02589 | +0.039% | $1.0M | $863K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02586 | −0.077% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02587 | −0.031% | $780K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02589 | +0.037% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02592 | +0.139% | $583K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02590 | +0.077% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02585 | −0.116% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02593 | +0.189% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02584 | −0.139% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0173% | 1h | 0.02587 | −0.030% | $267K | $70K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02590 | +0.085% | $9K | — | 50x | as long as short |
| BloFin MON-USDTlong | +0.0340% | 4h | 0.02588 | long leg | $1.4M | $294K | 75x | |
| KuCoin MONUSDTM | +0.0350% | 4h | 0.02593 | +0.193% | $3.2M | $727K | 75x | as long as short |
| Backpack MON_USDC_PERP | +0.0383% | 1h | 0.02586 | −0.066% | $138K | $136K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +0.723% | $114K | $49K | 50x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Backpack MON_USDC_PERP
Coinbase International MON-PERP-INTX