Funding you earn now, next payment 21:20 UTC+0.0351%/8h= +38.4% APRpaid last 24h −0.054%
Price spread now: Perpl against Lighter+0.136%7-day average −0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 3 days (all we have)+0.157%+$16 · spread now +0.136%, 7d avg −0.038%
=Together, before fees+0.278%+ Points / potential airdropLighter: Season 3 · Perpl: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Perpl is 0.174% dearer against Lighter than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02581 | 0.0096 | pay 0.0012% / 1h | 5m 36s | $847K | $758K | 10x |
| Short | Perpl MON | 0.02584 | 0.0447 | get 0.0040% / 43m | 35m 36s | $144K | $1.8M | 10x |
Lighter MON
Perpl MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $73.61
- Price spread: +0.136% → −0.038%
- $17.4
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $77.21
- Costs to cover
- 0.138%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 14 min ago; Perpl: 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, 14 min ago | 7.69 bp | 16.8 bp −$17 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | −0.0739% | 1h | 0.02599 | +0.697% | $6K | $110 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0369% | 1h | 0.02582 | +0.050% | $66K | $114K | 25x | as long as short |
| 01 Exchange MONUSD | −0.0320% | 1h | 0.02573 | −0.310% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0025% | 8h | 0.02577 | −0.155% | $21.5M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02592 | +0.418% | $13K | $384K | 5x | as long as short |
| BloFin MON-USDT | +0.0068% | 4h | 0.02587 | +0.232% | $1.4M | $245K | 75x | as long as short |
| Paradex MON-USD-PERP | +0.0071% | 8h | 0.02579 | −0.063% | $8K | $42 | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0079% | 4h | 0.02580 | −0.039% | $17K | $64K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0088% | 1h | 0.02593 | +0.461% | $2K | $73K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02581 | long leg | $847K | $758K | 10x |
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
BloFin MON-USDT
Paradex MON-USD-PERP
Orderly PERP_MON_USDC
Aftermath Perps MONUSDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02583 | +0.062% | $388K | $536K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02583 | +0.058% | $34.8M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02585 | +0.155% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02583 | +0.093% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02581 | 0.000% | $142K | $106K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02578 | −0.098% | $24.5M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02577 | −0.155% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02600 | +0.736% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02584 | +0.116% | $1.0M | $935K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02583 | +0.077% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02588 | +0.289% | $782K | $412K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02589 | +0.299% | $47K | $242K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02592 | +0.438% | $583K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02589 | +0.310% | $69K | $479K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02581 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02582 | +0.051% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02580 | −0.039% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0132% | 1h | 0.02586 | +0.183% | $267K | $67K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02584 | +0.116% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0277% | 1h | 0.02583 | +0.058% | $138K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0334% | 4h | 0.02589 | +0.310% | $3.2M | $747K | 75x | as long as short |
| Perpl MONshort | +0.0447% | 43m | 0.02584 | +0.136% | $144K | $1.8M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.996% | $114K | $50K | 50x | 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
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
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX