Funding you earn now, next payment 23:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h +0.017%
Price spread now: Lighter against BloFin+0.274%60s7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 3 days (all we have)−0.516%−$52 · spread now +0.274%, 7d avg +0.054%
=Together, before fees−0.632%+ Points / potential airdropLighter: Season 3 · farm board−$63 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.220% dearer against BloFin than usual: you sell high and buy low (spread +0.274% now, against its 7-day average of +0.054%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.116% in total) that is about 13 days. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% 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 | BloFin MON-USDT | 0.02555 | 0.0340 | pay 0.0170% / 4h | 1h 04m | $1.4M | $305K | 75x |
| Short | Lighter MON | 0.02562 | 0.0096 | get 0.0012% / 1h | 4m 03s | $855K | $784K | 10x |
BloFin MON-USDT
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$51.24
- Price spread: +0.274% → +0.054%
- $22
- Slippage, 4 orders
- −$61.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$102.46
- Costs to cover
- 0.732%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; Lighter: live order book, 11 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 BloFin live order book, 8 min ago | 5.84 bp | 15.1 bp −$15 | 34.8 bp −$348 | 163.6 bp −$16.4K | doesn't fit |
| Sell Lighter live order book, 11 min ago | 11.64 bp | 11.7 bp −$12 | 116.8 bp −$1,168 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | −0.0069% | 8h | 0.02559 | +0.157% | $21.2M | $11.9M | 50x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02575 | +0.783% | $6K | $109 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02565 | +0.380% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02561 | +0.250% | $128K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02562 | +0.290% | $69K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0034% | 1h | 0.02563 | +0.330% | $2K | $74K | 10x | as long as short |
| 01 Exchange MONUSD | +0.0040% | 1h | 0.02561 | +0.243% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0066% | 4h | 0.02560 | +0.196% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0088% | 8h | 0.02559 | +0.171% | $8K | $42 | 5x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02562 | +0.274% | $855K | $784K | 10x |
Bybit MONUSDT
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
01 Exchange 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 | 0.02562 | +0.284% | $389K | $543K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02563 | +0.325% | $34.6M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02560 | +0.210% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02560 | +0.183% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02561 | +0.235% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02561 | +0.233% | $24.4M | $24.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02559 | +0.157% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02569 | +0.531% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02560 | +0.196% | $991K | $879K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02562 | +0.274% | $2.7M | $1.8M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02561 | +0.243% | $127K | $142K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02553 | −0.072% | $770K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02550 | −0.184% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02570 | +0.575% | $576K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02553 | −0.078% | $68K | $482K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02562 | +0.274% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02563 | +0.331% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02561 | +0.254% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0175% | 1h | 0.02566 | +0.426% | $269K | $78K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02562 | +0.262% | $8K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0272% | 4h | 0.02563 | +0.313% | $3.0M | $707K | 75x | as long as short |
| BloFin MON-USDTlong | +0.0340% | 4h | 0.02555 | long leg | $1.4M | $305K | 75x | |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02565 | +0.384% | $113K | $50K | 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
Coinbase International MON-PERP-INTX