Settings8H · net · $10k
Funding arb · Price arb /

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h +0.008%
Price spread now: 01 Exchange against Lighter−0.075%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno 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 −$3 a day on $10k at the current rate, and 01 Exchange is 0.075% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MON0.025290.0096pay 0.0012% / 1h58m 09s$829K$737K10x
Short01 Exchange MONUSD0.02527−0.0008pay 0.0001% / 1h58m 09s$6K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$21.84
Price spread: −0.075% → 0.000%
−$7.51
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$36.35
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 49 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 49 min ago15.69 bp26.3 bp −$26140.2 bp −$1,402doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0246%1h0.02541+0.474%$6K$1015.5xas long as short
01 Exchange MONUSDshort−0.0008%1h0.02527−0.075%$6K$2K5x
Phoenix MON0.0000%1h0.02531+0.071%$13K$280K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02526−0.119%$74K$112K25xas long as short
Backpack MON_USDC_PERP+0.0052%1h0.02526−0.099%$113K$148K10xas long as short
Bybit MONUSDT+0.0079%8h0.02523−0.225%$21.2M$13.4M50xas long as short
Lighter MONlong+0.0096%1h0.02529long leg$829K$737K10x
Paradex MON-USD-PERP+0.0099%8h0.02525−0.150%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02533+0.139%$393K$571K10xas long as short
Hyperliquid MON+0.0100%1h0.02528−0.024%$33.9M$6.5M5xas long as short
Show all 33 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02527−0.063%$100K$205K10xas long as short
dYdX MON-USD+0.0100%1h0.02529+0.008%$13K5xas long as short
Pacifica MON+0.0100%1h0.02529−0.016%$140K$87K3xas long as short
Binance MONUSDT+0.0100%4h0.02525−0.145%$24.3M$26.7M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02524−0.198%$4.2M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02535+0.220%$104K−$010xas long as short
Gate MON_USDT+0.0100%4h0.02528−0.040%$1.1M$1.2M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.025290.000%$2.9M$754K75xas long as short
Bitget MONUSDT+0.0100%4h0.02527−0.079%$2.8M$2.3M25xas long as short
Variational Omni MON+0.0100%8h0.02522−0.261%$753K$378Kas long as short
edgeX MONUSDC+0.0100%4h0.02524−0.209%$42K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02532+0.119%$562K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02526−0.119%$68K$547K50xas long as short
Orderly PERP_MON_USDC+0.0100%4h0.02526−0.119%$16K$36K10xas long as short
SoDEX MON-USD+0.0100%1h0.02525−0.158%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.025290.000%$59K$323K10xas long as short
Aevo MON-PERP+0.0104%1h0.02526−0.127%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0246%1h0.02526−0.107%$6K50xas long as short
BloFin MON-USDT+0.0340%4h0.02525−0.158%$1.4M$389K75xas long as short
Perpl MON+0.0447%43m0.02528−0.036%$117K$2.1M10xas long as short
Kraken Futures PF_MONUSD+0.0695%1h0.02530+0.024%$273K$124K10xas long as short
Aftermath Perps MONUSD+0.0714%1h0.02529+0.011%$5K$96K10xas long as short
Coinbase International MON-PERP-INTX+0.0808%1h0.02539+0.384%$112K$50K50xas long as short