Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.067%
Price spread now: Hyperliquid against Lighter+0.155%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.155%, 7d avg +0.045%
=Together, before fees+0.033%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$3 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: Hyperliquid is 0.110% dearer against Lighter than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02517 | 0.0096 | pay 0.0012% / 1h | 0m 59s | $812K | $776K | 10x |
| Short | Hyperliquid MON | 0.02521 | 0.0100 | get 0.0013% / 1h | 0m 59s | $34.1M | $7.8M | 5x |
Lighter MON
Hyperliquid MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.155% → +0.045%
- $11.02
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $2.86
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 44 min ago; Hyperliquid: live order book, 12 min ago. Net counts fees only.
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 | 8.01 bp | 19.5 bp −$20 | 148.0 bp −$1,480 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 1.39 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0064% | 1h | 0.02518 | +0.036% | $114K | $154K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02517 | +0.004% | $12K | $355K | 5x | as long as short |
| Bybit MONUSDT | +0.0018% | 8h | 0.02515 | −0.083% | $20.7M | $13.7M | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0020% | 1h | 0.02519 | +0.083% | $5K | $97K | 10x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02506 | −0.437% | $5K | $114 | 5.5x | as long as short |
| 01 Exchange MONUSD | +0.0064% | 1h | 0.02519 | +0.083% | $7K | $2K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0084% | 4h | 0.02517 | 0.000% | $16K | $48K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02517 | long leg | $812K | $776K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02517 | −0.011% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02522 | +0.215% | $403K | $578K | 10x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Bybit MONUSDT
Aftermath Perps MONUSD
Injective MON/USDC PERP
01 Exchange MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MONshort | +0.0100% | 1h | 0.02521 | +0.155% | $34.1M | $7.8M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02518 | +0.025% | $100K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02519 | +0.067% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02520 | +0.107% | $139K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02517 | 0.000% | $23.9M | $27.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02516 | −0.040% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.114% | $103K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02518 | +0.040% | $943K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02520 | +0.119% | $2.9M | $767K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02518 | +0.040% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02523 | +0.221% | $748K | $413K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02517 | +0.013% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02520 | +0.117% | $560K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02522 | +0.199% | $68K | $532K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02517 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02520 | +0.122% | $53K | $262K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02516 | −0.020% | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0227% | 1h | 0.02518 | +0.024% | $74K | $135K | 25x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02515 | −0.075% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02522 | +0.199% | $1.3M | $349K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02518 | +0.056% | $115K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02542 | +1.013% | $112K | $56K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1010% | 1h | 0.02520 | +0.105% | $271K | $118K | 10x | as long as short |
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
Deribit MON_USDC-PERPETUAL
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD