Funding you earn now, next payment 22:00 UTC+0.0835%/8h= +91.4% APRnext payment +$1.04 per $10,000 · paid last 24h +0.028%
Price spread now: Lighter against Injective−0.271%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Lighter is 0.271% cheaper against Injective than usual: you would sell low and buy high (spread −0.271% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 26 hours of funding at the current rate (+$25 a day). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MON/USDC PERP | 0.02587 | −0.0739 | get 0.0092% / 1h | 49m 48s | $6K | $107 | 5.5x |
| Short | Lighter MON | 0.02580 | 0.0096 | get 0.0012% / 1h | 49m 48s | $845K | $753K | 10x |
Injective MON/USDC PERP
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. 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
- $175.3
- Price spread: −0.271% → 0.000%
- −$27.06
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $148.23
- Costs to cover
- 0.000%
- Break-even
- 1.1 days
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 35 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 35 min ago | 11.64 bp | 25.7 bp −$26 | 121.5 bp −$1,215 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPlong | −0.0739% | 1h | 0.02587 | long leg | $6K | $107 | 5.5x | |
| 01 Exchange MONUSD | −0.0128% | 1h | 0.02578 | −0.359% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02574 | −0.518% | $13K | $384K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02581 | −0.216% | $63K | $110K | 25x | as long as short |
| Bybit MONUSDT | +0.0002% | 8h | 0.02579 | −0.321% | $21.6M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02579 | −0.309% | $17K | $64K | 10x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02580 | −0.271% | $845K | $753K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02578 | −0.341% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02581 | −0.219% | $348K | $536K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02583 | −0.166% | $34.8M | $7.5M | 5x | as long as short |
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
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 | 0.02580 | −0.284% | $107K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02580 | −0.274% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02579 | −0.309% | $142K | $108K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02580 | −0.271% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02578 | −0.348% | $4.4M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02575 | −0.464% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02580 | −0.271% | $1.0M | $926K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02581 | −0.232% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02573 | −0.560% | $773K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02576 | −0.440% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02587 | +0.018% | $582K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02576 | −0.425% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02578 | −0.348% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02582 | −0.184% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02578 | −0.348% | $39K | — | 3x | as long as short |
| BloFin MON-USDT | +0.0123% | 4h | 0.02572 | −0.580% | $1.4M | $241K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02582 | −0.189% | $262K | $63K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.0213% | 1h | 0.02580 | −0.271% | $137K | $138K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0313% / S −0.1052% | 1h | 0.02581 | −0.232% | $13K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0356% | 4h | 0.02584 | −0.116% | $3.1M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0412% | 1h | 0.02584 | −0.107% | $2K | $73K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02579 | −0.298% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +1.480% | $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
BloFin MON-USDT
Kraken Futures PF_MONUSD
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX