MON

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0484%/8h= +53.0% APRnext payment +$0.60 per $10,000 · paid last 24h +0.031%

Price spread now: Lighter against Injective−0.157%66s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Lighter is 0.157% cheaper against Injective than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 26 hours of funding at the current rate (+$15 a day). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MON/USDC PERP	0.02546	−0.0388	get 0.0048% / 1h	4m 14s	$6K	$109	5.5x
Short	Lighter MON	0.02542	0.0096	get 0.0012% / 1h	4m 14s	$847K	$743K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee LighterbpOrdersPrice spread, now −0.157%Rate

Funding earned: $101.63
Price spread: −0.157% → 0.000%: −$15.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $85.9
Costs to cover: 0.000%
Break-even: 1.1 days

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 61 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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 61 min ago	11.60 bp	15.2 bp −$15	107.9 bp −$1,079	doesn't fit	doesn't fit

Injective: 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 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 PERPlong	−0.0388%	1h	0.02546	long leg	$6K	$109	5.5x
Bybit MONUSDT	−0.0093%	8h	0.02539	−0.275%	$20.9M	$12.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02538	−0.330%	$13K	$349K	5x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02542	−0.153%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0026%	1h	0.02541	−0.181%	$69K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0076%	4h	0.02541	−0.196%	$16K	$51K	10x	as long as short
Lighter MONshort	+0.0096%	1h	0.02542	−0.157%	$847K	$743K	10x
Paradex MON-USD-PERP	+0.0098%	8h	0.02539	−0.289%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02544	−0.081%	$408K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02544	−0.082%	$34.5M	$7.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02541	−0.204%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02540	−0.231%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02540	−0.251%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02541	−0.205%	$24.2M	$25.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02538	−0.314%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02531	−0.603%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02539	−0.275%	$949K	$906K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02541	−0.196%	$2.9M	$743K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02541	−0.196%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02538	−0.302%	$118K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02536	−0.391%	$754K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02538	−0.323%	$43K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	−0.353%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02540	−0.236%	$68K	$497K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02540	−0.236%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02543	−0.112%	$49K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02540	−0.236%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02541	−0.204%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0308%	1h	0.02542	−0.153%	$2K	$79K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02543	−0.134%	$106K	$2.3M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02556	+0.385%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0841%	1h	0.02543	−0.101%	$268K	$97K	10x	as long as short