MON

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0164%/8h= −17.9% APRnext payment −$0.20 per $10,000 · paid last 24h −0.019%

Price spread now: Lighter against GMX+0.139%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.139% dearer against GMX than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MON/USD [ETH-USDC]	0.02511	L +0.0260% / S −0.0429%	pay 0.0032% / 1h	20m 38s	$9K	—	50x
Short	Lighter MON	0.02515	0.0096	get 0.0012% / 1h	20m 38s	$843K	$732K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$34.4
Price spread: +0.139% → 0.000%: $13.94
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.47
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 29 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 29 min ago	11.89 bp	18.7 bp −$19	127.6 bp −$1,276	doesn't fit	doesn't fit

GMX: 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	−0.0203%	1h	0.02523	+0.458%	$5K	$112	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02518	+0.279%	$12K	$358K	5x	as long as short
Bybit MONUSDT	+0.0001%	8h	0.02514	+0.100%	$20.7M	$13.5M	50x	as long as short
Backpack MON_USDC_PERP	+0.0049%	1h	0.02512	+0.020%	$110K	$152K	10x	as long as short
Orderly PERP_MON_USDC	+0.0074%	4h	0.02512	+0.020%	$16K	$48K	10x	as long as short
Lighter MONshort	+0.0096%	1h	0.02515	+0.139%	$843K	$732K	10x
Paradex MON-USD-PERP	+0.0100%	8h	0.02516	+0.173%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02513	+0.041%	$408K	$586K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02514	+0.111%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02510	−0.041%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02508	−0.121%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02513	+0.060%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02512	+0.036%	$23.9M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02514	+0.100%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02511	−0.021%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02512	+0.020%	$940K	$985K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02511	−0.020%	$2.9M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02515	+0.139%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02510	−0.057%	$744K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02511	−0.003%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	+0.338%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02513	+0.060%	$68K	$522K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02512	+0.020%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02516	+0.164%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02512	+0.020%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02518	+0.255%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]long	L +0.0260% / S −0.0429%	1h	0.02511	long leg	$9K	—	50x
Deribit MON_USDC-PERPETUAL	+0.0268%	1h	0.02513	+0.068%	$74K	$136K	25x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02507	−0.179%	$1.3M	$343K	75x	as long as short
Aftermath Perps MONUSD	+0.0349%	1h	0.02516	+0.165%	$3K	$77K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+0.737%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02514	+0.080%	$114K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0725%	1h	0.02515	+0.144%	$270K	$113K	10x	as long as short