Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter against Extended+0.012%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$930.933% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.012%, 7d avg −0.034%
=Together, before fees−0.051%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$5 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 0.046% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MON-USD | 0.02520 | 0.0104 | pay 0.0013% / 1h | 32m 12s | $48K | $519K | 10x |
| Short | Lighter MON | 0.02520 | 0.0096 | get 0.0012% / 1h | 32m 12s | $845K | $732K | 10x |
Extended MON-USD
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.012% → −0.034%
- $4.61
- Slippage, 4 orders
- −$88.28
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$90.36
- Costs to cover
- 0.933%
- Break-even
- never at this rate
Slippage from Extended: live order book, 20 min ago; Lighter: live order book, 18 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 Extended live order book, 20 min ago | 3.95 bp | 26.5 bp −$27 | 268.0 bp −$2,680 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 18 min ago | 11.89 bp | 18.7 bp −$19 | 127.6 bp −$1,276 | 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 | −0.0203% | 1h | 0.02523 | +0.131% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0023% | 8h | 0.02517 | −0.119% | $20.7M | $13.4M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02522 | +0.087% | $12K | $358K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0073% | 4h | 0.02519 | −0.028% | $16K | $48K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.0091% | 1h | 0.02522 | +0.076% | $112K | $151K | 10x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02520 | +0.012% | $845K | $732K | 10x | |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02518 | −0.049% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02523 | +0.117% | $413K | $584K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02520 | 0.000% | $33.9M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02520 | −0.008% | $101K | $222K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Orderly PERP_MON_USDC
Backpack MON_USDC_PERP
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02521 | +0.043% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02521 | +0.032% | $139K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02518 | −0.067% | $23.9M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02518 | −0.067% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.012% | $103K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02519 | −0.028% | $943K | $982K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02522 | +0.091% | $2.9M | $761K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02520 | +0.012% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02519 | −0.045% | $746K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02521 | +0.053% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02523 | +0.126% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02523 | +0.131% | $68K | $518K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02518 | −0.067% | $5K | $6K | 5x | as long as short |
| Extended MON-USDlong | +0.0104% | 1h | 0.02520 | long leg | $48K | $519K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02517 | −0.107% | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0187% | 1h | 0.02519 | −0.032% | $74K | $136K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0208% | 1h | 0.02519 | −0.008% | $6K | $1K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02517 | −0.087% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0325% | 1h | 0.02520 | +0.023% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02521 | +0.052% | $1.3M | $340K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0368% | 1h | 0.02526 | +0.262% | $110K | $57K | 50x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02521 | +0.040% | $114K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0723% | 1h | 0.02522 | +0.103% | $271K | $113K | 10x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Aevo MON-PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Perpl MON
Kraken Futures PF_MONUSD