MON

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h −0.195%

Price spread now: Lighter against Coinbase International−0.207%7-day average −0.448% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$900.895% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.884%−$88 on $10k

Price spread, last 4 days (all we have)−0.354%−$35 · spread now −0.207%, 7d avg −0.448%

Together, before fees−1.238%+ Points / potential airdropLighter: Season 3 · farm board−$124 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.241% dearer against Coinbase International than usual: you sell high and buy low (spread −0.207% now, against its 7-day average of −0.448%): +$24 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02507	0.0408	pay 0.0051% / 1h	19m 19s	$109K	$57K	50x
Short	Lighter MON	0.02502	0.0096	get 0.0012% / 1h	19m 19s	$842K	$749K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.207%Rate

Funding earned: −$65.52
Price spread: −0.207% → −0.448%: $24.08
Slippage, 4 orders: −$79.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$130.95
Costs to cover: 0.895%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 38 min ago; Lighter: live order book, 36 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 Coinbase International live order book, 38 min ago	19.71 bp	24.7 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 36 min ago	9.92 bp	19.7 bp −$20	135.4 bp −$1,354	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
01 Exchange MONUSD	−0.0240%	1h	0.02502	−0.191%	$6K	$1K	5x	as long as short
Backpack MON_USDC_PERP	−0.0186%	1h	0.02503	−0.152%	$113K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02498	−0.367%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0147%	8h	0.02501	−0.247%	$20.6M	$13.3M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02502	−0.187%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02505	−0.096%	$107K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0030%	1h	0.02504	−0.124%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0072%	4h	0.02504	−0.128%	$16K	$38K	10x	as long as short
Variational Omni MON	+0.0076%	8h	0.02500	−0.306%	$738K	$409K	—	as long as short
Paradex MON-USD-PERP	+0.0093%	8h	0.02500	−0.284%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MONshort	+0.0096%	1h	0.02502	−0.207%	$842K	$749K	10x
Nado MON-PERP	+0.0100%	1h	0.02504	−0.114%	$424K	$574K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02505	−0.088%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02504	−0.118%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02503	−0.158%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02503	−0.175%	$138K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02503	−0.168%	$23.8M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02504	−0.128%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02505	−0.093%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02503	−0.168%	$939K	$993K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02506	−0.048%	$2.8M	$757K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02505	−0.088%	$2.7M	$2.2M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02503	−0.150%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	−0.041%	$562K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02502	−0.207%	$67K	$511K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02503	−0.168%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02505	−0.089%	$48K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02502	−0.187%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0255%	1h	0.02504	−0.126%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02503	−0.175%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	−0.287%	$1.3M	$337K	75x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0408%	1h	0.02507	long leg	$109K	$57K	50x
Kraken Futures PF_MONUSD	+0.0544%	1h	0.02506	−0.060%	$269K	$114K	10x	as long as short