Funding you earn now, next payment 01:00 UTC−0.0366%/8h= −40.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.164%
Price spread now: Lighter against Kraken Futures−0.111%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
Funding, last 7 days−0.450%−$45 on $10k
+Price spread, last 3 days (all we have)−0.161%−$16 · spread now −0.111%, 7d avg −0.017%
=Together, before fees−0.611%+ Points / potential airdropLighter: Season 3 · farm board−$61 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Lighter is 0.094% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MONUSD | 0.02588 | 0.0462 | pay 0.0058% / 1h | 5m 17s | $272K | $78K | 10x |
| Short | Lighter MON | 0.02585 | 0.0096 | get 0.0012% / 1h | 5m 17s | $861K | $755K | 10x |
Kraken Futures PF_MONUSD
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$76.79
- Price spread: −0.111% → −0.017%
- −$9.41
- Slippage, 4 orders
- −$89.57
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$185.77
- Costs to cover
- 0.996%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 65 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 Kraken Futures live order book, 2 min ago | 21.19 bp | 30.1 bp −$30 | 7786.1 bp −$77.9K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 65 min ago | 9.76 bp | 25.0 bp −$25 | 131.5 bp −$1,315 | 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 | −0.0444% | 1h | 0.02570 | −0.691% | $6K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02592 | +0.171% | $13K | $351K | 5x | as long as short |
| 01 Exchange MONUSD | +0.0008% | 1h | 0.02582 | −0.242% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0021% | 1h | 0.02584 | −0.150% | $70K | $119K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0063% | 4h | 0.02583 | −0.188% | $17K | $59K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0093% | 8h | 0.02582 | −0.233% | $8K | $42 | 5x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02585 | −0.111% | $861K | $755K | 10x | |
| Bybit MONUSDT | +0.0099% | 8h | 0.02583 | −0.188% | $21.5M | $12.2M | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02590 | +0.074% | $399K | $523K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02588 | +0.024% | $35.3M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Phoenix MON
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Bybit MONUSDT
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 | 0.02587 | −0.033% | $108K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02588 | −0.005% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02584 | −0.150% | $143K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02583 | −0.188% | $24.7M | $25.4M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02582 | −0.227% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02595 | +0.275% | $108K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02584 | −0.150% | $974K | $931K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02589 | +0.043% | $2.9M | $728K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02586 | −0.072% | $2.8M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02585 | −0.115% | $129K | $142K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02582 | −0.226% | $776K | $410K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02591 | +0.102% | $44K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02600 | +0.485% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02599 | +0.430% | $69K | $487K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02583 | −0.188% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02590 | +0.079% | $49K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02583 | −0.208% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0210% | 1h | 0.02590 | +0.066% | $4K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02583 | −0.204% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02592 | +0.159% | $1.4M | $309K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02585 | −0.103% | $118K | $2.1M | 10x | as long as short |
| Kraken Futures PF_MONUSDlong | +0.0462% | 1h | 0.02588 | long leg | $272K | $78K | 10x | |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02608 | +0.785% | $114K | $52K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Perpl MON
Coinbase International MON-PERP-INTX