MON

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0349%/8h= −38.2% APRnext payment −$0.44 per $10,000 · paid last 24h +0.001%

Price spread now: Deribit against Lighter−0.031%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 3 days (all we have)+0.275%+$27 · spread now −0.031%, 7d avg −0.046%

Together, before fees+0.242%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MON	0.02584	0.0096	pay 0.0012% / 1h	1m 11s	$845K	$763K	10x
Short	Deribit MON_USDC-PERPETUAL	0.02583	−0.0253	pay 0.0032% / 1h	1m 11s	$66K	$114K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee LighterbpFee DeribitbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$73.29
Price spread: −0.031% → −0.046%: $1.51
Slippage, 4 orders: −$55.96
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$134.74
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from Lighter: live order book, 19 min ago; Deribit: live order book, 63 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 Deribit live order book, 63 min ago	8.25 bp	14.3 bp −$14	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	+0.580%	$6K	$110	5.5x	as long as short
01 Exchange MONUSD	−0.0360%	1h	0.02577	−0.271%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUALshort	−0.0253%	1h	0.02583	−0.031%	$66K	$114K	25x
Bybit MONUSDT	−0.0033%	8h	0.02579	−0.186%	$21.5M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02581	−0.108%	$13K	$384K	5x	as long as short
Aftermath Perps MONUSD	+0.0066%	1h	0.02586	+0.065%	$2K	$73K	10x	as long as short
Paradex MON-USD-PERP	+0.0070%	8h	0.02580	−0.144%	$8K	$42	5x	as long as short
Orderly PERP_MON_USDC	+0.0076%	4h	0.02580	−0.155%	$17K	$64K	10x	as long as short
Lighter MONlong	+0.0096%	1h	0.02584	long leg	$845K	$763K	10x
Nado MON-PERP	+0.0100%	1h	0.02583	−0.047%	$388K	$536K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02583	−0.023%	$34.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02584	+0.009%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02583	−0.022%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02582	−0.077%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02581	−0.116%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02581	−0.116%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.157%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02582	−0.077%	$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	−0.179%	$778K	$412K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02580	−0.142%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02581	−0.117%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02581	−0.116%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02581	−0.116%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02583	−0.025%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02582	−0.097%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02586	+0.080%	$267K	$67K	10x	as long as short
BloFin MON-USDT	+0.0150%	4h	0.02579	−0.193%	$1.4M	$245K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02584	−0.008%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0275%	1h	0.02583	−0.035%	$138K	$137K	10x	as long as short
KuCoin MONUSDTM	+0.0310%	4h	0.02586	+0.077%	$3.1M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02583	−0.054%	$144K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.878%	$114K	$50K	50x	as long as short