MON

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0552%/8h= −60.4% APRnext payment −$0.69 per $10,000 · paid last 24h −0.192%

Price spread now: Lighter against Coinbase International−1.611%7-day average −0.390% · you buy dearer than you sell

Net, funding: paid 7d − costs−$407as in the Funding arb table

Net, price: spread back to 7d avg − costs−$444as in the Price arb table

costs, in and out, $10k−$3223.218% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.857%−$86 on $10k

Price spread, last 3 days (all we have)+1.018%+$102 · spread now −1.611%, 7d avg −0.390%

Together, before fees+0.162%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Lighter is 1.222% cheaper against Coinbase International than usual: you would sell low and buy high (−$122 if the spread goes back to its 7-day average of −0.390%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02625	0.0648	pay 0.0081% / 1h	48m 28s	$115K	$51K	50x
Short	Lighter MON	0.02583	0.0096	get 0.0012% / 1h	48m 28s	$846K	$753K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −1.611%Rate

Funding earned: −$115.92
Price spread: −1.611% → −0.390%: −$122.16
Slippage, 4 orders: −$311.75
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$559.83
Costs to cover: 3.218%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 39 min ago; Lighter: live order book, 36 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 Coinbase International live order book, 39 min ago	39.55 bp	138.9 bp −$139	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 36 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	−1.459%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0120%	1h	0.02582	−1.665%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0060%	1h	0.02580	−1.722%	$62K	$110K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02579	−1.745%	$13K	$384K	5x	as long as short
Bybit MONUSDT	+0.0007%	8h	0.02581	−1.672%	$21.6M	$11.8M	50x	as long as short
BloFin MON-USDT	+0.0066%	4h	0.02579	−1.764%	$1.4M	$242K	75x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02583	−1.611%	$17K	$64K	10x	as long as short
Lighter MONshort	+0.0096%	1h	0.02583	−1.611%	$846K	$753K	10x
Paradex MON-USD-PERP	+0.0099%	8h	0.02581	−1.692%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02584	−1.576%	$348K	$535K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02584	−1.558%	$34.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02583	−1.620%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02582	−1.649%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02583	−1.615%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02582	−1.649%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02580	−1.726%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02575	−1.916%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02583	−1.611%	$1.0M	$927K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02583	−1.611%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02573	−2.011%	$773K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02576	−1.893%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	−1.821%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	−1.802%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02578	−1.802%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02584	−1.557%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02582	−1.649%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02581	−1.679%	$262K	$63K	10x	as long as short
Backpack MON_USDC_PERP	+0.0228%	1h	0.02579	−1.745%	$137K	$138K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.1052%	1h	0.02583	−1.600%	$13K	—	50x	as long as short
KuCoin MONUSDTM	+0.0354%	4h	0.02587	−1.459%	$3.2M	$788K	75x	as long as short
Aftermath Perps MONUSD	+0.0398%	1h	0.02583	−1.607%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02582	−1.638%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0648%	1h	0.02625	long leg	$115K	$51K	50x