Funding you earn now, next payment 04:00 UTC−0.0394%/8h= −43.2% APRnext payment −$0.49 per $10,000 · paid last 24h +0.093%
Price spread now: Backpack against Lighter−0.036%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days+0.670%+$67 on $10k
+Price spread, last 4 days (all we have)−0.454%−$45 · spread now −0.036%, 7d avg −0.051%
=Together, before fees+0.217%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.670%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02521 | 0.0096 | pay 0.0012% / 1h | 55m 07s | $840K | $735K | 10x |
| Short | Backpack MON_USDC_PERP | 0.02520 | −0.0298 | pay 0.0037% / 1h | 55m 07s | $111K | $151K | 10x |
Lighter MON
Backpack MON_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- −$82.77
- Price spread: −0.036% → −0.051%
- $1.5
- Slippage, 4 orders
- −$52.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$143.85
- Costs to cover
- 0.626%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 65 min ago; Backpack: 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 Lighter live order book, 65 min ago | 9.86 bp | 18.6 bp −$19 | 110.9 bp −$1,109 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.20 bp | 10.8 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02517 | −0.159% | $12K | $359K | 5x | as long as short |
| Backpack MON_USDC_PERPshort | −0.0298% | 1h | 0.02520 | −0.036% | $111K | $151K | 10x | |
| 01 Exchange MONUSD | −0.0192% | 1h | 0.02519 | −0.060% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02517 | −0.159% | $5K | $109 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0147% | 1h | 0.02519 | −0.087% | $68K | $126K | 25x | as long as short |
| Bybit MONUSDT | −0.0132% | 8h | 0.02519 | −0.079% | $20.7M | $13.2M | 50x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02519 | −0.067% | $108K | $2.3M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0082% | 4h | 0.02519 | −0.079% | $16K | $41K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02521 | long leg | $840K | $735K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02518 | −0.135% | $8K | $42 | 5x | as long as short |
Phoenix MON
01 Exchange MONUSD
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Perpl MON
Orderly PERP_MON_USDC
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02522 | +0.032% | $411K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02521 | −0.004% | $34.1M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02521 | −0.016% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02521 | −0.018% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02521 | 0.000% | $140K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02520 | −0.040% | $24.0M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02519 | −0.079% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02515 | −0.238% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02519 | −0.079% | $953K | $968K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02521 | 0.000% | $2.8M | $746K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02520 | −0.040% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02521 | +0.003% | $748K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02511 | −0.383% | $41K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02519 | −0.099% | $563K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02517 | −0.159% | $68K | $505K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02517 | −0.159% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02521 | −0.009% | $52K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02519 | −0.071% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0257% | 1h | 0.02520 | −0.022% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02519 | −0.060% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02518 | −0.119% | $1.3M | $326K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02534 | +0.516% | $112K | $56K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0540% | 1h | 0.02521 | +0.014% | $268K | $113K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
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
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD