Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%
Price spread now: Nado against Lighter−0.154%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$650.651% of the position
Funding, last 3 days (all we have)−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.455%+$45 · spread now −0.154%, 7d avg +0.072%
=Together, before fees+0.405%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$41 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: Nado is 0.226% cheaper against Lighter than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02485 | 0.0096 | pay 0.0012% / 1h | 22m 02s | $812K | $765K | 10x |
| Short | Nado MON-PERP | 0.02481 | 0.0100 | get 0.0012% / 1h | 22m 02s | $407K | $571K | 10x |
Lighter MON
Nado MON-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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: −0.154% → +0.072%
- −$22.59
- Slippage, 4 orders
- −$58.15
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$86.9
- Costs to cover
- 0.651%
- Break-even
- 731.1 days
Slippage from Lighter: live order book, 23 min ago; Nado: live order book, 26 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, 23 min ago | 8.01 bp | 19.5 bp −$20 | 148.0 bp −$1,480 | doesn't fit | doesn't fit |
| Sell Nado live order book, 26 min ago | 2.60 bp | 10.7 bp −$11 | 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 | −0.0144% | 1h | 0.02492 | +0.270% | $115K | $154K | 10x | as long as short |
| Bybit MONUSDT | −0.0023% | 8h | 0.02486 | +0.040% | $20.4M | $13.7M | 50x | as long as short |
| 01 Exchange MONUSD | 0.0000% | 1h | 0.02483 | −0.068% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02469 | −0.660% | $12K | $355K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02488 | +0.105% | $73K | $135K | 25x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02489 | +0.161% | $5K | $113 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02486 | +0.040% | $16K | $48K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02485 | long leg | $812K | $765K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02477 | −0.311% | $7K | $42 | 5x | as long as short |
| Nado MON-PERPshort | +0.0100% | 1h | 0.02481 | −0.154% | $407K | $571K | 10x |
Backpack MON_USDC_PERP
Bybit MONUSDT
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Injective MON/USDC PERP
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 | 0.02491 | +0.221% | $33.4M | $7.6M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02486 | +0.032% | $98K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02478 | −0.266% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02479 | −0.233% | $137K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02488 | +0.121% | $23.6M | $27.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02488 | +0.121% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02479 | −0.222% | $102K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02486 | +0.040% | $929K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02484 | −0.040% | $2.9M | $764K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02490 | +0.201% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02467 | −0.721% | $729K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02467 | −0.725% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02476 | −0.362% | $550K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02469 | −0.644% | $67K | $528K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02486 | +0.040% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02486 | +0.021% | $47K | $283K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02485 | +0.020% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0150% | 1h | 0.02477 | −0.338% | $5K | $81K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02485 | −0.008% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02474 | −0.443% | $1.3M | $346K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02481 | −0.145% | $113K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +1.811% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1022% | 1h | 0.02490 | +0.209% | $268K | $119K | 10x | as long as short |
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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD