Funding you earn now, next payment 21:00 UTC+0.0552%/8h= +60.4% APRnext payment +$0.69 per $10,000 · paid last 24h +0.192%
Price spread now: Coinbase International against Lighter+0.957%7-day average +0.398% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Funding, last 7 days+0.857%+$86 on $10k
+Price spread, last 3 days (all we have)−0.396%−$40 · spread now +0.957%, 7d avg +0.398%
=Together, before fees+0.461%+ Points / potential airdropLighter: Season 3 · farm board+$46 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Coinbase International is 0.559% dearer against Lighter than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.398%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02582 | 0.0096 | pay 0.0012% / 1h | 1m 21s | $844K | $763K | 10x |
| Short | Coinbase International MON-PERP-INTX | 0.02607 | 0.0648 | get 0.0081% / 1h | 1m 21s | $114K | $50K | 50x |
Lighter MON
Coinbase International MON-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $115.92
- Price spread: +0.957% → +0.398%
- $55.86
- Slippage, 4 orders
- −$79.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $81.8
- Costs to cover
- 0.900%
- Break-even
- 2.1 days
Slippage from Lighter: live order book, 19 min ago; Coinbase International: live order book, 21 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, 19 min ago | 7.69 bp | 16.8 bp −$17 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 21 min ago | 16.34 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0739% | 1h | 0.02599 | +0.658% | $6K | $110 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0360% | 1h | 0.02577 | −0.194% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0098% | 1h | 0.02583 | +0.019% | $66K | $114K | 25x | as long as short |
| Bybit MONUSDT | −0.0033% | 8h | 0.02579 | −0.108% | $21.5M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02581 | −0.031% | $13K | $384K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0066% | 1h | 0.02586 | +0.142% | $2K | $73K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0070% | 8h | 0.02580 | −0.067% | $8K | $42 | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0076% | 4h | 0.02580 | −0.077% | $17K | $64K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02582 | long leg | $844K | $763K | 10x | |
| Nado MON-PERP | +0.0100% | 1h | 0.02583 | +0.031% | $388K | $536K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Phoenix MON
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Orderly PERP_MON_USDC
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02583 | +0.054% | $34.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02584 | +0.086% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02583 | +0.056% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02582 | 0.000% | $143K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02581 | −0.039% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02581 | −0.039% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02580 | −0.079% | $108K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02582 | 0.000% | $1.0M | $936K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02583 | +0.039% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02579 | −0.101% | $778K | $412K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02580 | −0.064% | $47K | $243K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02581 | −0.040% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02581 | −0.039% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02580 | −0.077% | $5K | $6K | 5x | as long as short |
| BloFin MON-USDT | +0.0101% | 4h | 0.02576 | −0.232% | $1.4M | $244K | 75x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02583 | +0.045% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02582 | −0.019% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02585 | +0.109% | $266K | $67K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02584 | +0.070% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0275% | 1h | 0.02582 | −0.004% | $138K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0310% | 4h | 0.02585 | +0.116% | $3.1M | $747K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02583 | +0.023% | $144K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTXshort | +0.0648% | 1h | 0.02607 | +0.957% | $114K | $50K | 50x |
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
BloFin MON-USDT
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON