MON

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against Deribit−0.012%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.237%−$24 · spread now −0.012%, 7d avg +0.043%

Together, before fees−0.200%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.055% cheaper against Deribit than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.043%). If the spread goes back, that is −$5 on $10k: about 46 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.037% in total) that is about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MON_USDC-PERPETUAL	0.02570	0	get 0.0000% / 1h	11m 37s	$69K	$119K	25x
Short	Lighter MON	0.02570	0.0096	get 0.0012% / 1h	11m 37s	$851K	$773K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now −0.012%Rate

Funding earned: $20.16
Price spread: −0.012% → +0.043%: −$5.47
Slippage, 4 orders: −$45.84
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$38.15
Costs to cover: 0.528%
Break-even: 20.2 days

Slippage from Deribit: live order book, 47 min ago; Lighter: live order book, 3 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 Deribit live order book, 47 min ago	6.39 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	11.64 bp	11.7 bp −$12	116.8 bp −$1,168	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
Bybit MONUSDT	−0.0061%	8h	0.02564	−0.245%	$21.3M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.183%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.210%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02568	−0.074%	$142K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUALlong	0.0000%	1h	0.02570	long leg	$69K	$119K	25x
Aftermath Perps MONUSD	+0.0026%	1h	0.02574	+0.159%	$2K	$73K	10x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02569	−0.054%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02567	−0.128%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0087%	8h	0.02567	−0.138%	$8K	$42	5x	as long as short
Lighter MONshort	+0.0096%	1h	0.02570	−0.012%	$851K	$773K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02572	+0.049%	$387K	$540K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02571	+0.047%	$34.8M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02569	−0.036%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02569	−0.038%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02569	−0.051%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02568	−0.089%	$24.4M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02566	−0.167%	$4.4M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	+0.283%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02569	−0.051%	$995K	$873K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02569	−0.051%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02568	−0.086%	$127K	$138K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02571	+0.034%	$779K	$406K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	+0.162%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	+0.261%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02576	+0.222%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02569	−0.051%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02571	+0.032%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02569	−0.047%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02572	+0.065%	$270K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02569	−0.043%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0300%	4h	0.02573	+0.105%	$3.2M	$667K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02570	−0.012%	$1.3M	$292K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.416%	$114K	$49K	50x	as long as short