Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.040%
Price spread now: Bybit against Lighter−0.309%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$760.765% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.309%, 7d avg −0.170%
=Together, before fees−0.031%+ Points / potential airdropLighter: Season 3 · farm board−$3 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: Bybit is 0.138% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.170%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02591 | 0.0096 | pay 0.0012% / 1h | 6m 22s | $863K | $755K | 10x |
| Short | Bybit MONUSDT | 0.02583 | 0.0100 | get 0.0100% / 8h | 7h 06m | $21.5M | $12.2M | 50x |
Lighter MON
Bybit MONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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: −0.309% → −0.170%
- −$13.85
- Slippage, 4 orders
- −$65.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$89.47
- Costs to cover
- 0.765%
- Break-even
- 752.6 days
Slippage from Lighter: live order book, 64 min ago; Bybit: live order book, 2 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 Lighter live order book, 64 min ago | 9.76 bp | 14.0 bp −$14 | 102.1 bp −$1,021 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.93 bp | 19.1 bp −$19 | 64.1 bp −$641 | 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 | −0.810% | $6K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02599 | +0.316% | $14K | $351K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02592 | +0.046% | $70K | $119K | 25x | as long as short |
| 01 Exchange MONUSD | +0.0016% | 1h | 0.02581 | −0.382% | $6K | $1K | 5x | as long as short |
| Orderly PERP_MON_USDC | +0.0063% | 4h | 0.02585 | −0.232% | $17K | $59K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0093% | 8h | 0.02584 | −0.275% | $8K | $42 | 5x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02591 | long leg | $863K | $755K | 10x | |
| Nado MON-PERP | +0.0100% | 1h | 0.02590 | −0.024% | $399K | $523K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02590 | −0.058% | $35.3M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02589 | −0.067% | $108K | $231K | 10x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
01 Exchange MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MON
Aster MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX MON-USD | +0.0100% | 1h | 0.02590 | −0.029% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02589 | −0.066% | $143K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02585 | −0.229% | $24.7M | $25.4M | 75x | as long as short |
| Bybit MONUSDTshort | +0.0100% | 8h | 0.02583 | −0.309% | $21.5M | $12.2M | 50x | |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02583 | −0.309% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02595 | +0.154% | $108K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02587 | −0.154% | $975K | $931K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02592 | +0.039% | $2.9M | $728K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02586 | −0.193% | $2.8M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02593 | +0.062% | $129K | $142K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02593 | +0.061% | $780K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02598 | +0.256% | $44K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02600 | +0.364% | $581K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02599 | +0.309% | $69K | $487K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02591 | 0.000% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02592 | +0.051% | $50K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02583 | −0.309% | $39K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0210% | 1h | 0.02591 | −0.004% | $4K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02584 | −0.286% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02592 | +0.039% | $1.4M | $309K | 75x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02587 | −0.162% | $118K | $2.1M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0460% | 1h | 0.02596 | +0.178% | $273K | $78K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0808% | 1h | 0.02608 | +0.664% | $114K | $52K | 50x | as long as short |
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
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX