Funding you earn now, next payment 22:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.030%
Price spread now: Lighter against Bybit+0.116%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$940.939% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.116%, 7d avg +0.171%
=Together, before fees+0.248%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.055% cheaper against Bybit than usual: you would sell low and buy high (spread +0.116% now, against its 7-day average of +0.171%). If the spread goes back, that is −$6 on $10k: about 2.2 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 | Bybit MONUSDT | 0.02583 | 0.0010 | pay 0.0010% / 8h | 2h 47m | $21.6M | $11.8M | 50x |
| Short | Lighter MON | 0.02586 | 0.0096 | get 0.0012% / 1h | 47m 12s | $847K | $753K | 10x |
Bybit MONUSDT
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $17.97
- Price spread: +0.116% → +0.171%
- −$5.53
- Slippage, 4 orders
- −$82.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$81.47
- Costs to cover
- 0.939%
- Break-even
- 38.7 days
Slippage from Bybit: live order book, 1 min ago; Lighter: live order book, 38 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 Bybit live order book, 1 min ago | 1.94 bp | 23.6 bp −$24 | 66.8 bp −$668 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 38 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 | 0.02587 | +0.155% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0112% | 1h | 0.02587 | +0.151% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02579 | −0.136% | $13K | $384K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02587 | +0.174% | $63K | $110K | 25x | as long as short |
| Bybit MONUSDTlong | +0.0010% | 8h | 0.02583 | long leg | $21.6M | $11.8M | 50x | |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02585 | +0.077% | $17K | $64K | 10x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02586 | +0.116% | $847K | $753K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02585 | +0.081% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02589 | +0.226% | $349K | $534K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02587 | +0.147% | $34.9M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
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 | 0.02585 | +0.071% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02585 | +0.077% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02584 | +0.050% | $143K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02585 | +0.079% | $24.6M | $24.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02582 | −0.039% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02575 | −0.310% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02586 | +0.116% | $1.0M | $927K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02586 | +0.116% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02573 | −0.406% | $773K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02578 | −0.196% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02581 | −0.076% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02578 | −0.194% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02585 | +0.077% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02589 | +0.217% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02585 | +0.097% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02587 | +0.160% | $263K | $63K | 10x | as long as short |
| BloFin MON-USDT | +0.0155% | 4h | 0.02587 | +0.155% | $1.4M | $243K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02587 | +0.166% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0268% | 1h | 0.02586 | +0.116% | $137K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0354% | 4h | 0.02591 | +0.310% | $3.2M | $789K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0399% | 1h | 0.02584 | +0.022% | $2K | $73K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02586 | +0.132% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +1.638% | $115K | $51K | 50x | as long as short |
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
BloFin MON-USDT
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX