Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h −0.026%
Price spread now: Orderly against Lighter−0.080%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.080% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02510 | 0.0096 | pay 0.0012% / 1h | 17m 15s | $845K | $749K | 10x |
| Short | Orderly PERP_MON_USDC | 0.02508 | 0.0072 | get 0.0036% / 4h | 17m 15s | $16K | $35K | 10x |
Lighter MON
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$5.1
- Price spread: −0.080% → 0.000%
- −$7.97
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$19.07
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 38 min ago; Orderly: 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, 38 min ago | 9.92 bp | 20.0 bp −$20 | 138.2 bp −$1,382 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MONUSD | −0.0232% | 1h | 0.02508 | −0.076% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0177% | 1h | 0.02510 | +0.008% | $113K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0176% | 1h | 0.02498 | −0.478% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0141% | 8h | 0.02506 | −0.159% | $20.7M | $13.3M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02502 | −0.299% | $12K | $359K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02508 | −0.092% | $107K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02509 | −0.036% | $74K | $136K | 25x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0072% | 4h | 0.02508 | −0.080% | $16K | $35K | 10x | |
| Variational Omni MON | +0.0076% | 8h | 0.02500 | −0.417% | $738K | $409K | — | as long as short |
| Paradex MON-USD-PERP | +0.0093% | 8h | 0.02505 | −0.181% | $8K | $42 | 5x | as long as short |
01 Exchange MONUSD
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Variational Omni MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MONlong | +0.0096% | 1h | 0.02510 | long leg | $845K | $749K | 10x | |
| Nado MON-PERP | +0.0100% | 1h | 0.02508 | −0.087% | $423K | $575K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02510 | 0.000% | $33.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02505 | −0.188% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02503 | −0.269% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02506 | −0.151% | $138K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02507 | −0.112% | $23.8M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02506 | −0.159% | $4.2M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | −0.205% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02504 | −0.239% | $939K | $994K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02508 | −0.080% | $2.8M | $757K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02508 | −0.080% | $2.7M | $2.2M | 25x | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02501 | −0.341% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02505 | −0.199% | $561K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02505 | −0.199% | $67K | $512K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02508 | −0.080% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02510 | −0.014% | $49K | $519K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02508 | −0.080% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0259% | 1h | 0.02505 | −0.207% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02508 | −0.068% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02507 | −0.120% | $1.3M | $338K | 75x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0408% | 1h | 0.02507 | −0.112% | $109K | $57K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0542% | 1h | 0.02511 | +0.059% | $269K | $114K | 10x | as long as short |
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD