Funding you earn now, next payment 02:00 UTC−0.0440%/8h= −48.2% APRnext payment −$0.55 per $10,000 · paid last 24h −0.202%
Price spread now: Lighter against Coinbase International−0.892%7-day average −0.442% · you buy dearer than you sell
Net, funding: paid 7d − costs−$380as in the Funding arb table
Net, price: spread back to 7d avg − costs−$338as in the Price arb table
costs, in and out, $10k−$2932.928% of the position
Funding, last 7 days−0.875%−$88 on $10k
+Price spread, last 3 days (all we have)+0.354%+$35 · spread now −0.892%, 7d avg −0.442%
=Together, before fees−0.521%+ Points / potential airdropLighter: Season 3 · farm board−$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Lighter is 0.450% cheaper against Coinbase International than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.442%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MON-PERP-INTX | 0.02556 | 0.0536 | pay 0.0067% / 1h | 59m 08s | $112K | $52K | 50x |
| Short | Lighter MON | 0.02533 | 0.0096 | get 0.0012% / 1h | 59m 08s | $844K | $738K | 10x |
Coinbase International MON-PERP-INTX
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$92.4
- Price spread: −0.892% → −0.442%
- −$45
- Slippage, 4 orders
- −$282.77
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$430.17
- Costs to cover
- 2.928%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Lighter: live order book, 1 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 Coinbase International live order book, 4 min ago | 20.13 bp | 149.0 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 9.86 bp | 19.9 bp −$20 | 120.9 bp −$1,209 | doesn't fit | doesn't fit |
MON on 32 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 | −0.0253% | 1h | 0.02546 | −0.383% | $6K | $105 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0112% | 1h | 0.02529 | −1.033% | $6K | $1K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0110% | 1h | 0.02533 | −0.904% | $118K | $152K | 10x | as long as short |
| Bybit MONUSDT | −0.0072% | 8h | 0.02531 | −0.970% | $20.8M | $12.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02536 | −0.759% | $13K | $345K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02531 | −0.966% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0077% | 4h | 0.02531 | −0.970% | $16K | $51K | 10x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02533 | −0.892% | $844K | $738K | 10x | |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02531 | −0.969% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02533 | −0.891% | $406K | $539K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Backpack MON_USDC_PERP
Bybit MONUSDT
Phoenix MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MON | +0.0100% | 1h | 0.02534 | −0.833% | $34.4M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02534 | −0.868% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02533 | −0.894% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02532 | −0.931% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02532 | −0.931% | $24.1M | $25.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02531 | −0.970% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02531 | −0.985% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02531 | −0.970% | $940K | $898K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02535 | −0.814% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02532 | −0.931% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02533 | −0.909% | $753K | $404K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02535 | −0.811% | $43K | $249K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02539 | −0.657% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02537 | −0.736% | $68K | $499K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02530 | −1.009% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02533 | −0.876% | $49K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02530 | −1.029% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02530 | −0.994% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0314% | 1h | 0.02537 | −0.718% | $2K | $74K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02532 | −0.939% | $106K | $2.3M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0491% | 1h | 0.02532 | −0.917% | $267K | $97K | 10x | as long as short |
| Coinbase International MON-PERP-INTXlong | +0.0536% | 1h | 0.02556 | long leg | $112K | $52K | 50x |
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
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
Perpl MON
Kraken Futures PF_MONUSD