Funding you earn now, next payment 05:00 UTC+0.0625%/8h= +68.4% APRnext payment +$0.78 per $10,000 · paid last 24h +0.164%
Price spread now: Kraken Futures against Lighter+0.049%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$950.949% of the position
Funding, last 7 days+0.532%+$53 on $10k
+Price spread, last 4 days (all we have)+0.275%+$27 · spread now +0.049%, 7d avg +0.020%
=Together, before fees+0.806%+ Points / potential airdropLighter: Season 3 · farm board+$81 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.029% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02528 | 0.0096 | pay 0.0012% / 1h | 30m 39s | $848K | $732K | 10x |
| Short | Kraken Futures PF_MONUSD | 0.02529 | 0.0721 | get 0.0090% / 1h | 30m 39s | $272K | $113K | 10x |
Lighter MON
Kraken Futures PF_MONUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $131.24
- Price spread: +0.049% → +0.020%
- $2.93
- Slippage, 4 orders
- −$84.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $39.23
- Costs to cover
- 0.949%
- Break-even
- 4.9 days
Slippage from Lighter: live order book, 19 min ago; Kraken Futures: live order book, 22 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, 19 min ago | 11.89 bp | 21.4 bp −$21 | 125.2 bp −$1,252 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 22 min ago | 13.81 bp | 26.9 bp −$27 | 477.5 bp −$4,775 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0203% | 1h | 0.02523 | −0.198% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0015% | 8h | 0.02524 | −0.154% | $20.8M | $13.4M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02520 | −0.309% | $12K | $358K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0073% | 4h | 0.02525 | −0.119% | $16K | $48K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.0080% | 1h | 0.02528 | +0.008% | $112K | $151K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02528 | long leg | $848K | $732K | 10x | |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02517 | −0.420% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02525 | −0.117% | $413K | $584K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02528 | +0.008% | $34.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02525 | −0.115% | $101K | $222K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Orderly PERP_MON_USDC
Backpack MON_USDC_PERP
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02522 | −0.253% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02527 | −0.040% | $139K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02525 | −0.119% | $24.0M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02525 | −0.119% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.316% | $103K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02524 | −0.158% | $944K | $982K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02527 | −0.040% | $2.9M | $761K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02526 | −0.079% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02525 | −0.136% | $747K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02520 | −0.328% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02522 | −0.248% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02522 | −0.237% | $68K | $519K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02527 | −0.040% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02528 | −0.007% | $48K | $519K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02525 | −0.119% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0208% | 1h | 0.02529 | +0.044% | $6K | $1K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02525 | −0.111% | $9K | — | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0265% | 1h | 0.02528 | −0.012% | $74K | $136K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0330% | 1h | 0.02521 | −0.276% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02523 | −0.198% | $1.3M | $341K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0368% | 1h | 0.02526 | −0.067% | $110K | $57K | 50x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02525 | −0.115% | $115K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.0721% | 1h | 0.02529 | +0.049% | $272K | $113K | 10x |
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
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Perpl MON