Funding you earn now, next payment 09:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.010%
Price spread now: Lighter against 01 Exchange−0.044%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.044% cheaper against 01 Exchange than usual: you would sell low and buy high (−$4 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 | 01 Exchange MONUSD | 0.02498 | 0.0120 | pay 0.0015% / 1h | 28m 57s | $6K | $3K | 5x |
| Short | Lighter MON | 0.02497 | 0.0096 | get 0.0012% / 1h | 28m 57s | $802K | $766K | 10x |
01 Exchange MONUSD
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against 01 Exchange. 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
- −$5.04
- Price spread: −0.044% → 0.000%
- −$4.4
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$16.44
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 1 min ago. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 1 min ago | 10.00 bp | 22.8 bp −$23 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0146% | 1h | 0.02498 | −0.024% | $111K | $157K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | +0.276% | $5K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02498 | −0.008% | $13K | $346K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02497 | −0.060% | $72K | $137K | 25x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02497 | −0.044% | $802K | $766K | 10x | |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02498 | −0.023% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02500 | +0.060% | $388K | $575K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02498 | +0.008% | $33.7M | $7.8M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02497 | −0.052% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02499 | +0.019% | $12K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02498 | +0.004% | $138K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02495 | −0.110% | $23.8M | $27.7M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02494 | −0.156% | $20.8M | $13.9M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02494 | −0.164% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | +0.861% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02497 | −0.044% | $936K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02498 | −0.004% | $2.9M | $771K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02497 | −0.044% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02497 | −0.061% | $741K | $378K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02498 | −0.002% | $41K | $252K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02498 | +0.013% | $566K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02498 | −0.004% | $68K | $544K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02497 | −0.044% | $16K | $40K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02496 | −0.084% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02498 | −0.002% | $57K | $332K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02494 | −0.144% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSDlong | +0.0120% | 1h | 0.02498 | long leg | $6K | $3K | 5x | |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02497 | −0.032% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02495 | −0.124% | $1.3M | $368K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02498 | −0.020% | $118K | $2.2M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0494% | 1h | 0.02505 | +0.270% | $5K | $103K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02525 | +1.077% | $111K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0801% | 1h | 0.02497 | −0.026% | $268K | $118K | 10x | as long as short |
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD