Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.004%
Price spread now: Deribit against Lighter+0.012%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)+0.237%+$24 · spread now +0.012%, 7d avg −0.043%
=Together, before fees+0.200%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.055% dearer against Lighter than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.043%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.037% in total) that is about 9.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02570 | 0.0096 | pay 0.0012% / 1h | 11m 46s | $851K | $773K | 10x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02570 | 0 | get 0.0000% / 1h | 11m 46s | $69K | $119K | 25x |
Lighter MON
Deribit MON_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$20.16
- Price spread: +0.012% → −0.043%
- $5.47
- Slippage, 4 orders
- −$45.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$67.54
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Deribit: 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, 3 min ago | 11.64 bp | 21.4 bp −$21 | 130.8 bp −$1,308 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 47 min ago | 6.39 bp | 9.9 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | −0.0061% | 8h | 0.02564 | −0.233% | $21.3M | $11.8M | 50x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02575 | +0.195% | $6K | $109 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02576 | +0.222% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02568 | −0.062% | $142K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02570 | +0.012% | $69K | $119K | 25x | |
| Aftermath Perps MONUSD | +0.0026% | 1h | 0.02574 | +0.171% | $2K | $73K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0032% | 1h | 0.02569 | −0.043% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0067% | 4h | 0.02567 | −0.117% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0087% | 8h | 0.02567 | −0.126% | $8K | $42 | 5x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02570 | long leg | $851K | $773K | 10x |
Bybit MONUSDT
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Aftermath Perps MONUSD
01 Exchange MONUSD
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 | 0.02572 | +0.060% | $387K | $540K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02571 | +0.058% | $34.8M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02569 | −0.024% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02569 | −0.026% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02569 | −0.039% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02568 | −0.078% | $24.4M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02566 | −0.156% | $4.4M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02578 | +0.295% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02569 | −0.039% | $995K | $873K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02569 | −0.039% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02568 | −0.074% | $127K | $138K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02571 | +0.046% | $779K | $406K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02574 | +0.174% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02577 | +0.272% | $578K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02576 | +0.233% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02569 | −0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02571 | +0.044% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02569 | −0.035% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0174% | 1h | 0.02572 | +0.077% | $270K | $78K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02569 | −0.031% | $8K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0300% | 4h | 0.02573 | +0.117% | $3.2M | $667K | 75x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02570 | 0.000% | $1.3M | $292K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +1.428% | $114K | $49K | 50x | 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
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
BloFin MON-USDT
Coinbase International MON-PERP-INTX