Funding you earn now, next payment 20:36 UTC+0.0351%/8h= +38.4% APRpaid last 24h −0.054%
Price spread now: Perpl against Lighter+0.039%7-day average −0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 3 days (all we have)+0.409%+$41 · spread now +0.039%, 7d avg −0.039%
=Together, before fees+0.531%+ Points / potential airdropLighter: Season 3 · Perpl: Active · farm board+$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Perpl is 0.078% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.039%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.3% 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 | 0.02576 | 0.0096 | pay 0.0012% / 1h | 52m 13s | $844K | $753K | 10x |
| Short | Perpl MON | 0.02577 | 0.0447 | get 0.0040% / 43m | 39m 13s | $145K | $1.8M | 10x |
Lighter MON
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $73.61
- Price spread: +0.039% → −0.039%
- $7.79
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $67.6
- Costs to cover
- 0.138%
- Break-even
- 0.6 days
Slippage unknown: Lighter: live order book, 33 min ago; Perpl: 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, 33 min ago | 11.64 bp | 13.3 bp −$13 | 118.5 bp −$1,185 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02587 | +0.427% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0112% | 1h | 0.02574 | −0.070% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02574 | −0.093% | $13K | $384K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02578 | +0.062% | $62K | $104K | 25x | as long as short |
| Bybit MONUSDT | +0.0002% | 8h | 0.02574 | −0.097% | $21.5M | $11.8M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0092% | 4h | 0.02577 | +0.039% | $17K | $64K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02576 | long leg | $844K | $753K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02575 | −0.048% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02579 | +0.126% | $348K | $535K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02578 | +0.066% | $34.7M | $7.4M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02577 | +0.032% | $107K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02577 | +0.040% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02577 | +0.039% | $142K | $108K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02575 | −0.024% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02573 | −0.116% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02610 | +1.320% | $110K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02577 | +0.039% | $999K | $926K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02576 | 0.000% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02579 | +0.135% | $775K | $403K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02586 | +0.378% | $48K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02587 | +0.445% | $582K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02587 | +0.427% | $69K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02576 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02579 | +0.128% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02573 | −0.128% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02580 | +0.151% | $262K | $63K | 10x | as long as short |
| BloFin MON-USDT | +0.0132% | 4h | 0.02575 | −0.039% | $1.4M | $241K | 75x | as long as short |
| Backpack MON_USDC_PERP | +0.0177% | 1h | 0.02576 | 0.000% | $136K | $138K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0313% / S −0.1052% | 1h | 0.02577 | +0.058% | $13K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0362% | 4h | 0.02579 | +0.116% | $3.1M | $790K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0411% | 1h | 0.02587 | +0.443% | $2K | $73K | 10x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02577 | +0.039% | $145K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02625 | +1.914% | $115K | $51K | 50x | as long as short |
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
BloFin MON-USDT
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX