Funding you earn now, next payment 02:00 UTC+0.0440%/8h= +48.2% APRnext payment +$0.55 per $10,000 · paid last 24h +0.198%
Price spread now: Coinbase International against Lighter+0.562%7-day average +0.447% · you sell dearer than you buy
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$2932.928% of the position
Funding, last 7 days+0.880%+$88 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.562%, 7d avg +0.447%
=Together, before fees+0.911%+ Points / potential airdropLighter: Season 3 · farm board+$91 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.115% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.447%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02527 | 0.0096 | pay 0.0012% / 1h | 15m 34s | $843K | $738K | 10x |
| Short | Coinbase International MON-PERP-INTX | 0.02541 | 0.0536 | get 0.0067% / 1h | 15m 34s | $112K | $58K | 50x |
Lighter MON
Coinbase International MON-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $92.4
- Price spread: +0.562% → +0.447%
- $11.46
- Slippage, 4 orders
- −$282.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$188.91
- Costs to cover
- 2.928%
- Break-even
- 21.3 days
Slippage from Lighter: live order book, 44 min ago; Coinbase International: live order book, 47 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, 44 min ago | 9.86 bp | 18.6 bp −$19 | 110.9 bp −$1,109 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 47 min ago | 20.13 bp | 105.3 bp −$105 | 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 | 0.02528 | +0.047% | $12K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0267% | 1h | 0.02533 | +0.222% | $112K | $152K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02535 | +0.317% | $6K | $111 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0156% | 8h | 0.02526 | −0.040% | $20.7M | $13.1M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0048% | 1h | 0.02523 | −0.142% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02528 | +0.051% | $105K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02534 | +0.285% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0084% | 4h | 0.02533 | +0.237% | $16K | $51K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02527 | long leg | $843K | $738K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02526 | −0.027% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Perpl MON
Deribit MON_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02531 | +0.154% | $34.2M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02532 | +0.181% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02531 | +0.168% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02528 | +0.040% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02527 | 0.000% | $24.0M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02526 | −0.040% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.276% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02527 | 0.000% | $951K | $965K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02532 | +0.198% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02529 | +0.079% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02533 | +0.238% | $752K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02530 | +0.130% | $42K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02532 | +0.199% | $567K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02530 | +0.119% | $68K | $503K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02530 | +0.120% | $413K | $544K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02533 | +0.237% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02528 | +0.058% | $48K | $518K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02532 | +0.198% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0248% | 1h | 0.02532 | +0.195% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02535 | +0.328% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02527 | 0.000% | $1.3M | $320K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0490% | 1h | 0.02537 | +0.380% | $271K | $112K | 10x | as long as short |
| Coinbase International MON-PERP-INTXshort | +0.0536% | 1h | 0.02541 | +0.562% | $112K | $58K | 50x |
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
Nado MON-PERP
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD