Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.040%

Price spread now: KuCoin against Lighter0.000%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1041.043% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now 0.000%, 7d avg +0.010%

Together, before fees−0.122%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MON	0.02532	0.0096	pay 0.0012% / 1h	2m 16s	$830K	$737K	10x
Short	KuCoin MONUSDTM	0.02532	0.0100	get 0.0050% / 4h	1h 02m	$2.9M	$698K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → +0.010%: −$1.03
Slippage, 4 orders: −$92.32
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$104.51
Costs to cover: 1.043%
Break-even: 877.9 days

Slippage from Lighter: live order book, 41 min ago; KuCoin: live order book, 3 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, 41 min ago	9.94 bp	15.6 bp −$16	124.0 bp −$1,240	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	11.87 bp	52.2 bp −$52	472.0 bp −$4,720	doesn't fit	doesn't fit

MON on 33 exchanges

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
01 Exchange MONUSD	−0.0448%	1h	0.02531	−0.043%	$6K	$2K	5x	as long as short
Backpack MON_USDC_PERP	−0.0308%	1h	0.02533	+0.020%	$114K	$146K	10x	as long as short
Injective MON/USDC PERP	−0.0246%	1h	0.02541	+0.355%	$6K	$101	5.5x	as long as short
Bybit MONUSDT	−0.0138%	8h	0.02527	−0.205%	$21.5M	$13.5M	50x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0066%	1h	0.02529	−0.130%	$80K	$119K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02524	−0.332%	$12K	$281K	5x	as long as short
Paradex MON-USD-PERP	+0.0037%	8h	0.02529	−0.134%	$8K	$42	5x	as long as short
Lighter MONlong	+0.0096%	1h	0.02532	long leg	$830K	$737K	10x
Nado MON-PERP	+0.0100%	1h	0.02534	+0.062%	$404K	$576K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02531	−0.036%	$33.9M	$6.3M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02530	−0.079%	$100K	$204K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02532	−0.017%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02532	−0.012%	$140K	$85K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02529	−0.124%	$24.3M	$26.3M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02527	−0.197%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.473%	$103K	$238	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02532	0.000%	$1.2M	$1.3M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02532	0.000%	$2.9M	$698K	75x
Bitget MONUSDT	+0.0100%	4h	0.02531	−0.039%	$2.8M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	−0.441%	$752K	$368K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02521	−0.429%	$42K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02525	−0.276%	$567K	$1.4M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02525	−0.276%	$68K	$547K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02529	−0.118%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02528	−0.158%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02531	−0.054%	$58K	$320K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02527	−0.178%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02526	−0.245%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02531	−0.039%	$1.4M	$392K	75x	as long as short
Aftermath Perps MONUSD	+0.0374%	1h	0.02527	−0.185%	$5K	$97K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02530	−0.067%	$117K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0694%	1h	0.02533	+0.028%	$277K	$127K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02538	+0.221%	$107K	$55K	50x	as long as short