Funding you earn now, next payment 00:00 UTC−0.0325%/8h= −35.6% APRnext payment −$0.41 per $10,000 · paid last 24h −0.165%
Price spread now: Lighter against Kraken Futures−0.189%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1011.009% of the position
Funding, last 7 days−0.435%−$44 on $10k
+Price spread, last 3 days (all we have)−0.122%−$12 · spread now −0.189%, 7d avg −0.015%
=Together, before fees−0.557%+ Points / potential airdropLighter: Season 3 · farm board−$56 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter is 0.174% cheaper against Kraken Futures than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02568 | 0.0421 | pay 0.0053% / 1h | 1m 18s | $270K | $78K | 10x |
| Short | Lighter MON | 0.02563 | 0.0096 | get 0.0012% / 1h | 1m 18s | $851K | $794K | 10x |
Kraken Futures PF_MONUSD
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$68.21
- Price spread: −0.189% → −0.015%
- −$17.41
- Slippage, 4 orders
- −$90.94
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$186.55
- Costs to cover
- 1.009%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 11 min ago; Lighter: live order book, 9 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 Kraken Futures live order book, 11 min ago | 17.59 bp | 34.4 bp −$34 | 8258.4 bp −$82.6K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 9.76 bp | 25.0 bp −$25 | 131.5 bp −$1,315 | 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 | −0.0121% | 1h | 0.02559 | −0.345% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02561 | −0.267% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0033% | 8h | 0.02561 | −0.267% | $21.1M | $12.1M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02565 | −0.123% | $13K | $360K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02564 | −0.135% | $69K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02562 | −0.228% | $17K | $64K | 10x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02563 | −0.189% | $851K | $794K | 10x | |
| Paradex MON-USD-PERP | +0.0097% | 8h | 0.02561 | −0.250% | $8K | $42 | 5x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02564 | −0.139% | $34.7M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02563 | −0.197% | $107K | $231K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Paradex MON-USD-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 | 0.02564 | −0.163% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02562 | −0.213% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02562 | −0.228% | $24.5M | $25.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02561 | −0.267% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −0.502% | $107K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02562 | −0.228% | $978K | $914K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02565 | −0.111% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02562 | −0.213% | $127K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02560 | −0.319% | $773K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02563 | −0.203% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02558 | −0.384% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02563 | −0.189% | $68K | $482K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02565 | −0.128% | $391K | $541K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02564 | −0.150% | $5K | $6K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0102% | 1h | 0.02561 | −0.268% | $3K | $75K | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02565 | −0.113% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02564 | −0.170% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0248% | 4h | 0.02567 | −0.033% | $3.0M | $719K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02562 | −0.209% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02562 | −0.228% | $1.3M | $307K | 75x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0421% | 1h | 0.02568 | long leg | $270K | $78K | 10x | |
| Perpl MON | +0.0447% | 43m | 0.02562 | −0.228% | $125K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02609 | +1.598% | $115K | $50K | 50x | as long as short |
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
SoDEX MON-USD
Aftermath Perps MONUSD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX