Funding you earn now, next payment 23:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.030%
Price spread now: Orderly against Lighter−0.117%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.117% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| 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 | 12m 10s | $851K | $773K | 10x |
| Short | Orderly PERP_MON_USDC | 0.02567 | 0.0067 | get 0.0033% / 4h | 1h 12m | $17K | $64K | 10x |
Lighter MON
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$6.19
- Price spread: −0.117% → 0.000%
- −$11.67
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$23.86
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 3 min ago; Orderly: no order-book sample. 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, 3 min ago | 11.64 bp | 21.4 bp −$21 | 130.8 bp −$1,308 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0060% | 8h | 0.02565 | −0.191% | $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-PERPETUAL | 0.0000% | 1h | 0.02570 | +0.012% | $69K | $119K | 25x | as long as short |
| 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_USDCshort | +0.0067% | 4h | 0.02567 | −0.117% | $17K | $64K | 10x | |
| Paradex MON-USD-PERP | +0.0086% | 8h | 0.02567 | −0.134% | $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
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
01 Exchange MONUSD
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 | +0.039% | $34.8M | $7.4M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02571 | +0.034% | $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 | 0.02568 | −0.078% | $142K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02568 | −0.082% | $24.4M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02567 | −0.117% | $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 | 0.02568 | −0.078% | $995K | $873K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02570 | 0.000% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02567 | −0.117% | $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 | +0.036% | $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