MON

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0150%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.072%

Price spread now: GMX against Lighter−0.096%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.096% cheaper against Lighter than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MON	0.02509	0.0096	pay 0.0012% / 1h	17m 04s	$805K	$785K	10x
Short	GMX MON/USD [ETH-USDC]	0.02507	L +0.0231% / S −0.0246%	get 0.0031% / 1h	17m 04s	$6K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $31.57
Price spread: −0.096% → 0.000%: −$9.57
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.01
Costs to cover: 0.120%
Break-even: 4.8 days

Slippage unknown: Lighter: live order book, 18 min ago; GMX: no order-book sample. Net counts fees only.

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, 18 min ago	9.99 bp	20.4 bp −$20	117.0 bp −$1,170	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0032%	1h	0.02503	−0.239%	$5K	$111	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02497	−0.466%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02507	−0.088%	$122K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02507	−0.064%	$73K	$138K	25x	as long as short
Lighter MONlong	+0.0096%	1h	0.02509	long leg	$805K	$785K	10x
Paradex MON-USD-PERP	+0.0100%	8h	0.02503	−0.224%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02510	+0.056%	$393K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02506	−0.136%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02499	−0.394%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02505	−0.167%	$139K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02506	−0.129%	$23.8M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02506	−0.136%	$20.9M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02505	−0.159%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02508	−0.040%	$940K	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02505	−0.159%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02507	−0.080%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02508	−0.032%	$109K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02492	−0.675%	$740K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02502	−0.275%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	−0.138%	$558K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02504	−0.199%	$68K	$541K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02507	−0.080%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02506	−0.120%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.372%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02510	+0.030%	$47K	$314K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02506	−0.120%	$38K	—	3x	as long as short
Hyperliquid MON	+0.0158%	1h	0.02510	+0.044%	$33.9M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02509	−0.016%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0231% / S −0.0246%	1h	0.02507	−0.096%	$6K	—	50x
BloFin MON-USDT	+0.0340%	4h	0.02506	−0.120%	$1.3M	$334K	75x	as long as short
Aftermath Perps MONUSD	+0.0606%	1h	0.02501	−0.301%	$4K	$102K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.231%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1202%	1h	0.02508	−0.030%	$269K	$118K	10x	as long as short