Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.092%
Price spread now: Hyperliquid against Lighter+0.050%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.050%, 7d avg +0.044%
=Together, before fees+0.141%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02597 | 0.0096 | pay 0.0012% / 1h | 25m 15s | $851K | $753K | 10x |
| Short | Hyperliquid MON | 0.02598 | 0.0100 | get 0.0013% / 1h | 25m 15s | $35.0M | $7.5M | 5x |
Lighter MON
Hyperliquid MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.050% → +0.044%
- $0.61
- Slippage, 4 orders
- −$53.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$61.37
- Costs to cover
- 0.628%
- Break-even
- 518.4 days
Slippage from Lighter: live order book, 59 min ago; Hyperliquid: live order book, 8 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, 59 min ago | 11.64 bp | 13.3 bp −$13 | 118.5 bp −$1,185 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.19 bp | 13.3 bp −$13 | 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 | 0.02596 | −0.039% | $6K | $109 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0248% | 1h | 0.02597 | +0.015% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0004% | 8h | 0.02595 | −0.085% | $21.6M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02594 | −0.112% | $13K | $384K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02598 | +0.019% | $63K | $110K | 25x | as long as short |
| BloFin MON-USDT | +0.0083% | 4h | 0.02597 | 0.000% | $1.4M | $245K | 75x | as long as short |
| Orderly PERP_MON_USDC | +0.0091% | 4h | 0.02595 | −0.077% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02595 | −0.061% | $8K | $42 | 5x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02597 | long leg | $851K | $753K | 10x | |
| Nado MON-PERP | +0.0100% | 1h | 0.02599 | +0.061% | $374K | $527K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
BloFin MON-USDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MONshort | +0.0100% | 1h | 0.02598 | +0.050% | $35.0M | $7.5M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02596 | −0.048% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02597 | +0.006% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02597 | 0.000% | $143K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02596 | −0.029% | $24.6M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02594 | −0.116% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02600 | +0.115% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02597 | 0.000% | $1.0M | $934K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02598 | +0.039% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02596 | −0.042% | $777K | $407K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02592 | −0.191% | $48K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02594 | −0.097% | $584K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02594 | −0.116% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02596 | −0.039% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02598 | +0.043% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02595 | −0.077% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02602 | +0.177% | $268K | $67K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0198% | 1h | 0.02595 | −0.079% | $2K | $73K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02597 | +0.015% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0263% | 1h | 0.02597 | +0.015% | $137K | $136K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0352% | 4h | 0.02602 | +0.193% | $3.2M | $745K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02596 | −0.042% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02600 | +0.100% | $114K | $49K | 50x | as long as short |
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
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX