Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.030%
Price spread now: Bulk against Lighter+0.344%7-day average −0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$790.789% of the position
Funding, last 3 days (all we have)−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)−0.578%−$58 · spread now +0.344%, 7d avg −0.101%
=Together, before fees−0.633%+ Points / potential airdropLighter: Season 3 · farm board−$63 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: Bulk is 0.445% dearer against Lighter than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of −0.101%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02576 | 0.0096 | pay 0.0012% / 1h | 32m 26s | $855K | $793K | 10x |
| Short | Bulk MON-USD | 0.02585 | 0.0100 | get 0.0013% / 1h | 32m 26s | $108K | $3K | 10x |
Lighter MON
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $0.84
- Price spread: +0.344% → −0.101%
- $44.47
- Slippage, 4 orders
- −$71.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$33.58
- Costs to cover
- 0.789%
- Break-even
- 286.9 days
Slippage from Lighter: live order book, 43 min ago; Bulk: live order book, 46 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, 43 min ago | 11.64 bp | 21.4 bp −$21 | 130.8 bp −$1,308 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 46 min ago | 19.42 bp | 22.9 bp −$23 | 64.0 bp −$640 | 161.5 bp −$16.1K | 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 | 0.02576 | 0.000% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0056% | 1h | 0.02575 | −0.027% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0032% | 8h | 0.02573 | −0.116% | $21.3M | $12.0M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02578 | +0.078% | $13K | $360K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02577 | +0.023% | $126K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02577 | +0.027% | $70K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0069% | 4h | 0.02574 | −0.078% | $17K | $64K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0089% | 1h | 0.02579 | +0.127% | $2K | $75K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0094% | 8h | 0.02573 | −0.101% | $8K | $42 | 5x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02576 | long leg | $855K | $793K | 10x |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Aftermath Perps MONUSD
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02579 | +0.109% | $34.9M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02576 | −0.016% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02575 | −0.043% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02575 | −0.027% | $142K | $105K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02575 | −0.058% | $24.5M | $25.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02573 | −0.116% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02585 | +0.344% | $108K | $3K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02575 | −0.039% | $981K | $909K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02575 | −0.039% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02575 | −0.047% | $128K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02576 | +0.008% | $779K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02579 | +0.112% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02579 | +0.102% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02576 | 0.000% | $69K | $481K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02578 | +0.090% | $393K | $544K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02574 | −0.078% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02578 | +0.072% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02573 | −0.113% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02576 | −0.019% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0266% | 4h | 0.02580 | +0.155% | $3.0M | $716K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02572 | −0.155% | $1.4M | $308K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0419% | 1h | 0.02578 | +0.067% | $271K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02609 | +1.277% | $115K | $50K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
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
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX