Funding you earn now, next payment 22:00 UTC−0.0835%/8h= −91.4% APRnext payment −$1.04 per $10,000 · paid last 24h −0.028%
Price spread now: Injective against Lighter+0.658%96s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
The price spread pays, funding is against you. Injective is 0.658% dearer against Lighter than usual: you sell high and buy low (spread +0.658% now, against zero (this spread has no 7-day history yet)): +$66 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 2.6 days. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 3m 31s | $844K | $763K | 10x |
| Short | Injective MON/USDC PERP | 0.02599 | −0.0739 | pay 0.0092% / 1h | 3m 31s | $6K | $110 | 5.5x |
Lighter MON
Injective MON/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$175.3
- Price spread: +0.658% → 0.000%
- $65.84
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$109.48
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 17 min ago; Injective: 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, 17 min ago | 7.69 bp | 16.8 bp −$17 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 PERPshort | −0.0739% | 1h | 0.02599 | +0.658% | $6K | $110 | 5.5x | |
| Deribit MON_USDC-PERPETUAL | −0.0370% | 1h | 0.02581 | −0.050% | $66K | $114K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0344% | 1h | 0.02576 | −0.252% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0027% | 8h | 0.02580 | −0.077% | $21.5M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02591 | +0.341% | $13K | $384K | 5x | as long as short |
| Paradex MON-USD-PERP | +0.0070% | 8h | 0.02581 | −0.022% | $8K | $42 | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0077% | 4h | 0.02579 | −0.116% | $17K | $64K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0081% | 1h | 0.02589 | +0.269% | $2K | $73K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02582 | long leg | $844K | $763K | 10x | |
| Nado MON-PERP | +0.0100% | 1h | 0.02585 | +0.113% | $388K | $536K | 10x | as long as short |
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Paradex MON-USD-PERP
Orderly PERP_MON_USDC
Aftermath Perps MONUSD
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 | +0.031% | $34.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02583 | +0.026% | $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 | −0.008% | $142K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02580 | −0.071% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02579 | −0.116% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02600 | +0.697% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02581 | −0.039% | $1.0M | $935K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02584 | +0.077% | $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 | 0.02579 | −0.124% | $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 | 0.02578 | −0.155% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02585 | +0.102% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02578 | −0.151% | $39K | — | 3x | as long as short |
| BloFin MON-USDT | +0.0109% | 4h | 0.02576 | −0.232% | $1.4M | $244K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02584 | +0.070% | $266K | $67K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02581 | −0.023% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0270% | 1h | 0.02581 | −0.046% | $138K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0326% | 4h | 0.02583 | +0.039% | $3.1M | $747K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02580 | −0.089% | $144K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.957% | $114K | $50K | 50x | as long as short |
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
Extended MON-USD
Aevo MON-PERP
BloFin MON-USDT
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX