Funding you earn now, next payment 11:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against Extended+0.017%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1051.047% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.017%, 7d avg −0.034%
=Together, before fees−0.055%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.051% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MON-USD | 0.02517 | 0.0104 | pay 0.0013% / 1h | 51m 44s | $59K | $323K | 10x |
| Short | Lighter MON | 0.02517 | 0.0096 | get 0.0012% / 1h | 51m 44s | $825K | $737K | 10x |
Extended MON-USD
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.017% → −0.034%
- $5.12
- Slippage, 4 orders
- −$99.69
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$101.25
- Costs to cover
- 1.047%
- Break-even
- never at this rate
Slippage from Extended: live order book, 58 min ago; Lighter: live order book, 56 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 Extended live order book, 58 min ago | 3.93 bp | 25.2 bp −$25 | 211.0 bp −$2,110 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 56 min ago | 15.69 bp | 27.9 bp −$28 | 165.6 bp −$1,656 | doesn't fit | doesn't fit |
MON on 33 exchanges
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 | −0.0246% | 1h | 0.02541 | +0.971% | $6K | $101 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0187% | 1h | 0.02516 | −0.027% | $74K | $112K | 25x | as long as short |
| Backpack MON_USDC_PERP | −0.0094% | 1h | 0.02517 | +0.017% | $113K | $150K | 10x | as long as short |
| 01 Exchange MONUSD | −0.0080% | 1h | 0.02515 | −0.054% | $6K | $2K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02522 | +0.228% | $13K | $281K | 5x | as long as short |
| Bybit MONUSDT | +0.0066% | 8h | 0.02513 | −0.142% | $21.1M | $13.4M | 50x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02517 | +0.017% | $825K | $737K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02514 | −0.103% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02519 | +0.105% | $392K | $571K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02517 | +0.005% | $33.7M | $6.5M | 5x | as long as short |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
Backpack MON_USDC_PERP
01 Exchange MONUSD
Phoenix MON
Bybit MONUSDT
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02518 | +0.057% | $100K | $205K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02520 | +0.124% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02517 | +0.017% | $139K | $87K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02513 | −0.129% | $24.2M | $26.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02514 | −0.102% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.148% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02518 | +0.057% | $1.1M | $1.2M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02518 | +0.057% | $2.9M | $753K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02518 | +0.057% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02520 | +0.131% | $753K | $378K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02522 | +0.208% | $42K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02525 | +0.352% | $571K | $1.4M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02523 | +0.256% | $68K | $547K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02518 | +0.057% | $16K | $36K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02515 | −0.062% | $5K | $6K | 5x | as long as short |
| Extended MON-USDlong | +0.0104% | 1h | 0.02517 | long leg | $59K | $323K | 10x | |
| Aevo MON-PERP | +0.0104% | 1h | 0.02515 | −0.078% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02517 | +0.013% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02520 | +0.136% | $1.4M | $388K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02523 | +0.268% | $117K | $2.1M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0698% | 1h | 0.02519 | +0.110% | $272K | $124K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0720% | 1h | 0.02524 | +0.314% | $5K | $96K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02539 | +0.879% | $112K | $50K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX