Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.030%
Price spread now: Lighter against Bulk−0.383%7-day average +0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1011.006% of the position
Funding, last 3 days (all we have)+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)+1.082%+$108 · spread now −0.383%, 7d avg +0.104%
=Together, before fees+1.137%+ Points / potential airdropLighter: Season 3 · farm board+$114 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.487% cheaper against Bulk than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of +0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk MON-USD | 0.02610 | 0.0100 | pay 0.0013% / 1h | 58m 24s | $110K | $3K | 10x |
| Short | Lighter MON | 0.02600 | 0.0096 | get 0.0012% / 1h | 58m 24s | $852K | $753K | 10x |
Bulk MON-USD
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bulk. 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
- −$0.84
- Price spread: −0.383% → +0.104%
- −$48.72
- Slippage, 4 orders
- −$93.61
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$150.17
- Costs to cover
- 1.006%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 30 min ago; Lighter: live order book, 26 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 Bulk live order book, 30 min ago | 19.34 bp | 22.8 bp −$23 | 42.3 bp −$423 | 177.8 bp −$17.8K | doesn't fit |
| Sell Lighter live order book, 26 min ago | 11.64 bp | 25.7 bp −$26 | 121.5 bp −$1,215 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02581 | −1.111% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0200% | 1h | 0.02596 | −0.552% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | 0.0000% | 8h | 0.02593 | −0.648% | $21.7M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02602 | −0.318% | $14K | $371K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0093% | 4h | 0.02599 | −0.421% | $17K | $64K | 10x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02600 | −0.383% | $852K | $753K | 10x | |
| Deribit MON_USDC-PERPETUAL | +0.0096% | 1h | 0.02600 | −0.391% | $64K | $103K | 25x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02596 | −0.532% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02598 | −0.469% | $346K | $536K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02598 | −0.464% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Orderly PERP_MON_USDC
Deribit MON_USDC-PERPETUAL
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02600 | −0.383% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02600 | −0.397% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02599 | −0.421% | $144K | $108K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02596 | −0.539% | $24.7M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02594 | −0.613% | $4.4M | $6.1M | 50x | as long as short |
| Bulk MON-USDlong | +0.0100% | 1h | 0.02610 | long leg | $110K | $3K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02599 | −0.421% | $1.0M | $923K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02598 | −0.460% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02602 | −0.324% | $779K | $403K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02604 | −0.224% | $48K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02605 | −0.192% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02604 | −0.230% | $69K | $485K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02597 | −0.498% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02600 | −0.396% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02598 | −0.444% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02601 | −0.360% | $260K | $59K | 10x | as long as short |
| BloFin MON-USDT | +0.0146% | 4h | 0.02598 | −0.460% | $1.4M | $247K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0314% / S −0.1052% | 1h | 0.02599 | −0.441% | $14K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0330% | 1h | 0.02599 | −0.433% | $137K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0386% | 4h | 0.02601 | −0.345% | $3.2M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0425% | 1h | 0.02602 | −0.325% | $2K | $73K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02598 | −0.456% | $146K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +0.586% | $115K | $51K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
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
BloFin MON-USDT
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX