Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.030%
Price spread now: Lighter against Binance+0.100%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$680.677% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.100%, 7d avg +0.080%
=Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.021% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MONUSDT | 0.02592 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $24.6M | $24.6M | 75x |
| Short | Lighter MON | 0.02595 | 0.0096 | get 0.0012% / 1h | 12m 13s | $852K | $758K | 10x |
Binance MONUSDT
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$0.84
- Price spread: +0.100% → +0.080%
- $2.05
- Slippage, 4 orders
- −$57.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$66.5
- Costs to cover
- 0.677%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Lighter: live order book, 8 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 Binance live order book, 14 min ago | 1.93 bp | 13.3 bp −$13 | 49.3 bp −$493 | 493.3 bp −$49.3K | doesn't fit |
| Sell Lighter live order book, 8 min ago | 7.69 bp | 20.1 bp −$20 | 133.8 bp −$1,338 | doesn't fit | doesn't fit |
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 | +0.254% | $6K | $110 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0232% | 1h | 0.02591 | −0.062% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.0097% | 1h | 0.02594 | +0.081% | $63K | $110K | 25x | as long as short |
| Bybit MONUSDT | −0.0003% | 8h | 0.02590 | −0.104% | $21.6M | $11.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02599 | +0.247% | $14K | $384K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0090% | 4h | 0.02593 | +0.023% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02593 | +0.010% | $8K | $42 | 5x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02595 | +0.100% | $852K | $758K | 10x | |
| Nado MON-PERP | +0.0100% | 1h | 0.02597 | +0.172% | $383K | $533K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02597 | +0.170% | $35.0M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Phoenix MON
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02595 | +0.089% | $108K | $233K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02598 | +0.232% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02595 | +0.100% | $143K | $106K | 3x | as long as short |
| Binance MONUSDTlong | +0.0100% | 4h | 0.02592 | long leg | $24.6M | $24.6M | 75x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02590 | −0.093% | $4.4M | $6.0M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02602 | +0.370% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02596 | +0.139% | $1.0M | $935K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02596 | +0.139% | $2.8M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02596 | +0.154% | $782K | $412K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02600 | +0.306% | $48K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02598 | +0.226% | $585K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02600 | +0.293% | $69K | $480K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02593 | +0.023% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02597 | +0.165% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02593 | +0.004% | $39K | — | 3x | as long as short |
| BloFin MON-USDT | +0.0125% | 4h | 0.02599 | +0.254% | $1.4M | $246K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0130% | 1h | 0.02598 | +0.220% | $2K | $73K | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0131% | 1h | 0.02598 | +0.214% | $268K | $67K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02594 | +0.077% | $9K | — | 50x | as long as short |
| Backpack MON_USDC_PERP | +0.0302% | 1h | 0.02594 | +0.073% | $138K | $137K | 10x | as long as short |
| KuCoin MONUSDTM | +0.0382% | 4h | 0.02602 | +0.370% | $3.2M | $747K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02594 | +0.058% | $145K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0648% | 1h | 0.02607 | +0.551% | $114K | $50K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
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
Aftermath Perps MONUSD
Kraken Futures PF_MONUSD
GMX MON/USD [ETH-USDC]
Backpack MON_USDC_PERP
KuCoin MONUSDTM
Perpl MON
Coinbase International MON-PERP-INTX