Funding you earn now, next payment 23:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.028%
Price spread now: KuCoin against Lighter+0.039%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1271.274% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.039%, 7d avg +0.005%
=Together, before fees−0.246%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and KuCoin is 0.033% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.098%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02577 | 0.0096 | pay 0.0012% / 1h | 32m 19s | $854K | $773K | 10x |
| Short | KuCoin MONUSDTM | 0.02578 | 0.0324 | get 0.0162% / 4h | 1h 32m | $3.2M | $724K | 75x |
Lighter MON
KuCoin MONUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $47.88
- Price spread: +0.039% → +0.005%
- $3.34
- Slippage, 4 orders
- −$115.41
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$76.19
- Costs to cover
- 1.274%
- Break-even
- 18.1 days
Slippage from Lighter: live order book, 48 min ago; KuCoin: live order book, 5 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, 48 min ago | 7.69 bp | 16.8 bp −$17 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 13.52 bp | 30.8 bp −$31 | 409.4 bp −$4,094 | 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 | −0.0053% | 1h | 0.02582 | +0.194% | $6K | $108 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0052% | 8h | 0.02570 | −0.256% | $21.4M | $11.7M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0048% | 1h | 0.02576 | −0.023% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0022% | 1h | 0.02574 | −0.116% | $69K | $119K | 25x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02580 | +0.113% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02576 | −0.031% | $143K | $1.8M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0021% | 1h | 0.02584 | +0.254% | $2K | $73K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0067% | 4h | 0.02571 | −0.233% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0079% | 8h | 0.02574 | −0.124% | $8K | $42 | 5x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02577 | long leg | $854K | $773K | 10x |
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Phoenix MON
Perpl MON
Aftermath Perps 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 | 0.02580 | +0.106% | $388K | $537K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02577 | −0.008% | $34.9M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02577 | 0.000% | $107K | $230K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02579 | +0.083% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02576 | −0.047% | $142K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02573 | −0.174% | $24.4M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02570 | −0.272% | $4.4M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02585 | +0.326% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02575 | −0.078% | $1.0M | $865K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02575 | −0.078% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02581 | +0.163% | $781K | $406K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02580 | +0.110% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02584 | +0.272% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02581 | +0.155% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02573 | −0.155% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02578 | +0.042% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02573 | −0.155% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0174% | 1h | 0.02578 | +0.020% | $271K | $77K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.0248% | 1h | 0.02579 | +0.062% | $138K | $136K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02574 | −0.136% | $9K | — | 50x | as long as short |
| KuCoin MONUSDTMshort | +0.0324% | 4h | 0.02578 | +0.039% | $3.2M | $724K | 75x | |
| BloFin MON-USDT | +0.0340% | 4h | 0.02577 | 0.000% | $1.3M | $293K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +1.153% | $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
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
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Coinbase International MON-PERP-INTX