Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.019%
Price spread now: Bulk against Lighter0.000%7-day average −0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 4 days (all we have)−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now 0.000%, 7d avg −0.091%
=Together, before fees−0.288%+ Points / potential airdropLighter: Season 3 · farm board−$29 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: Bulk is 0.091% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02490 | 0.0096 | pay 0.0012% / 1h | 34m 58s | $833K | $743K | 10x |
| Short | Bulk MON-USD | 0.02490 | 0.0100 | get 0.0013% / 1h | 34m 58s | $102K | $1K | 10x |
Lighter MON
Bulk MON-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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: 0.000% → −0.091%
- $9.06
- Slippage, 4 orders
- −$80.44
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$77.54
- Costs to cover
- 0.874%
- Break-even
- 653.2 days
Slippage from Lighter: live order book, 10 min ago; Bulk: live order book, 14 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, 10 min ago | 8.01 bp | 19.5 bp −$20 | 148.0 bp −$1,480 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 14 min ago | 20.04 bp | 23.5 bp −$24 | 29.0 bp −$290 | 92.2 bp −$9,218 | 551.1 bp −$275.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0114% | 1h | 0.02490 | −0.012% | $115K | $156K | 10x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02484 | −0.253% | $12K | $355K | 5x | as long as short |
| Bybit MONUSDT | +0.0005% | 8h | 0.02479 | −0.458% | $20.4M | $13.6M | 50x | as long as short |
| 01 Exchange MONUSD | +0.0032% | 1h | 0.02492 | +0.076% | $6K | $1K | 5x | as long as short |
| Injective MON/USDC PERP | +0.0039% | 1h | 0.02496 | +0.241% | $5K | $111 | 5.5x | as long as short |
| Orderly PERP_MON_USDC | +0.0083% | 4h | 0.02490 | 0.000% | $16K | $48K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02490 | long leg | $833K | $743K | 10x | |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02492 | +0.092% | $7K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02495 | +0.192% | $406K | $580K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02490 | −0.020% | $33.4M | $7.6M | 5x | as long as short |
Backpack MON_USDC_PERP
Phoenix MON
Bybit MONUSDT
01 Exchange MONUSD
Injective MON/USDC PERP
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02486 | −0.169% | $98K | $220K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02486 | −0.165% | $12K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02490 | +0.016% | $137K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02484 | −0.233% | $23.6M | $27.3M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02479 | −0.442% | $4.1M | $6.0M | 50x | as long as short |
| Bulk MON-USDshort | +0.0100% | 1h | 0.02490 | 0.000% | $102K | $1K | 10x | |
| Gate MON_USDT | +0.0100% | 4h | 0.02485 | −0.201% | $928K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02492 | +0.080% | $2.9M | $765K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02486 | −0.161% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02482 | −0.317% | $737K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02483 | −0.270% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02488 | −0.095% | $560K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02487 | −0.120% | $68K | $529K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02491 | +0.040% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02485 | −0.220% | $47K | $288K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02490 | −0.008% | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0111% | 1h | 0.02491 | +0.060% | $73K | $136K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0221% | 1h | 0.02487 | −0.122% | $5K | $81K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02490 | +0.016% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02491 | +0.040% | $1.3M | $345K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02492 | +0.096% | $114K | $2.2M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0456% | 1h | 0.02530 | +1.606% | $110K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1021% | 1h | 0.02493 | +0.138% | $268K | $114K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
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
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD