Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.019%
Price spread now: Binance against Lighter−0.080%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.080%, 7d avg −0.079%
=Together, before fees−0.008%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02506 | 0.0096 | pay 0.0012% / 1h | 55m 24s | $809K | $782K | 10x |
| Short | Binance MONUSDT | 0.02504 | 0.0100 | get 0.0050% / 4h | 1h 55m | $23.8M | $27.7M | 75x |
Lighter MON
Binance MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $0.84
- Price spread: −0.080% → −0.079%
- −$0.06
- Slippage, 4 orders
- −$56.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.86
- Costs to cover
- 0.666%
- Break-even
- 555.8 days
Slippage from Lighter: live order book, 50 min ago; Binance: live order book, 1 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 Lighter live order book, 50 min ago | 8.01 bp | 19.5 bp −$20 | 148.0 bp −$1,480 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.00 bp | 11.5 bp −$12 | 54.7 bp −$547 | 290.4 bp −$29.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | 0.0000% | 1h | 0.02509 | +0.128% | $12K | $353K | 5x | as long as short |
| Backpack MON_USDC_PERP | +0.0032% | 1h | 0.02507 | +0.056% | $114K | $154K | 10x | as long as short |
| Bybit MONUSDT | +0.0032% | 8h | 0.02502 | −0.160% | $20.6M | $13.7M | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0077% | 1h | 0.02513 | +0.273% | $6K | $98K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0084% | 4h | 0.02505 | −0.040% | $16K | $48K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02506 | long leg | $809K | $782K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02503 | −0.100% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02507 | +0.044% | $401K | $578K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02505 | −0.025% | $99K | $221K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02507 | +0.030% | $13K | — | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Bybit MONUSDT
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02505 | −0.028% | $139K | $93K | 3x | as long as short |
| Binance MONUSDTshort | +0.0100% | 4h | 0.02504 | −0.080% | $23.8M | $27.7M | 75x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02503 | −0.120% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.553% | $103K | $1K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02507 | +0.040% | $938K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02510 | +0.160% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02506 | 0.000% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02507 | +0.022% | $743K | $413K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02513 | +0.277% | $41K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02513 | +0.271% | $558K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02509 | +0.120% | $68K | $532K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02506 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02508 | +0.066% | $53K | $262K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02507 | +0.036% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02506 | 0.000% | $5K | $108 | 5.5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02503 | −0.108% | $6K | — | 50x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0268% | 1h | 0.02509 | +0.108% | $74K | $135K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0272% | 1h | 0.02503 | −0.132% | $7K | $2K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02511 | +0.200% | $1.3M | $348K | 75x | as long as short |
| Hyperliquid MON | +0.0390% | 1h | 0.02508 | +0.072% | $33.9M | $7.8M | 5x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02505 | −0.048% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02542 | +1.457% | $112K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0842% | 1h | 0.02509 | +0.122% | $269K | $118K | 10x | as long as short |
Pacifica MON
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
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
GMX MON/USD [ETH-USDC]
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
BloFin MON-USDT
Hyperliquid MON
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD