Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.030%
Price spread now: Binance against Lighter−0.066%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$680.675% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.064%−$6 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.066%, 7d avg −0.079%
Together, before fees−0.034%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MON0.025540.0096pay 0.0012% / 1h55m 06s$848K$739K10x
ShortBinance MONUSDT0.025520.0100get 0.0050% / 4h3h 55m$24.4M$25.5M75x

Funding 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 it
latest
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: −0.066% → −0.079%
$1.32
Slippage, 4 orders
−$57.53
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$65.37
Costs to cover
0.675%
Break-even
551.8 days
Slippage from Lighter: live order book, 15 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 15 min ago9.76 bp14.0 bp −$14102.1 bp −$1,021doesn't fitdoesn't fit
Sell Binance live order book, 1 min ago1.95 bp14.4 bp −$1460.6 bp −$606455.3 bp −$45.5Kdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0444%1h0.02556+0.078%$6K$1055.5xas long as short
Bybit MONUSDT−0.0167%8h0.02550−0.157%$21.0M$12.1M50xas long as short
Backpack MON_USDC_PERP−0.0043%1h0.02554+0.004%$127K$141K10xas long as short
Phoenix MON0.0000%1h0.02559+0.211%$13K$351K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02553−0.031%$69K$119K25xas long as short
01 Exchange MONUSD+0.0024%1h0.02553−0.055%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0070%4h0.02553−0.039%$17K$64K10xas long as short
Lighter MONlong+0.0096%1h0.02554long leg$848K$739K10x
Paradex MON-USD-PERP+0.0097%8h0.02554+0.011%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02557+0.116%$390K$540K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02556+0.059%$34.6M$7.7M5xas long as short
Aster MONUSDT+0.0100%4h0.02557+0.114%$106K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02559+0.200%$13K5xas long as short
Pacifica MON+0.0100%1h0.02557+0.125%$141K$104K3xas long as short
Binance MONUSDTshort+0.0100%4h0.02552−0.066%$24.4M$25.5M75x
OKX MON-USDT-SWAP+0.0100%4h0.02552−0.078%$4.3M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02560+0.235%$107K−$010xas long as short
Gate MON_USDT+0.0100%4h0.02553−0.039%$976K$889K50xas long as short
Bitget MONUSDT+0.0100%4h0.02555+0.039%$2.7M$1.9M25xas long as short
Variational Omni MON+0.0100%8h0.02556+0.084%$772K$407Kas long as short
edgeX MONUSDC+0.0100%4h0.02557+0.132%$47K$243K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02560+0.223%$580K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02559+0.196%$68K$482K50xas long as short
SoDEX MON-USD+0.0100%1h0.02552−0.078%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02556+0.074%$51K$404K10xas long as short
Aevo MON-PERP+0.0104%1h0.02555+0.043%$39K3xas long as short
Aftermath Perps MONUSD+0.0125%1h0.02560+0.234%$3K$75K10xas long as short
KuCoin MONUSDTM+0.0224%4h0.02559+0.196%$3.0M$720K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0598%1h0.02553−0.031%$8K50xas long as short
BloFin MON-USDT+0.0340%4h0.02557+0.117%$1.3M$306K75xas long as short
Perpl MON+0.0447%43m0.02556+0.063%$124K$1.8M10xas long as short
Kraken Futures PF_MONUSD+0.0468%1h0.02555+0.056%$268K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0808%1h0.02609+2.150%$115K$50K50xas long as short