MON

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0333%/8h= +36.5% APRnext payment +$0.42 per $10,000 · paid last 24h +0.065%

Price spread now: GMX against Lighter−0.024%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.024% cheaper against Lighter than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MON	0.02502	0.0096	pay 0.0012% / 1h	19m 44s	$842K	$749K	10x
Short	GMX MON/USD [ETH-USDC]	0.02501	L +0.0260% / S −0.0429%	get 0.0054% / 1h	19m 44s	$9K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $69.99
Price spread: −0.024% → 0.000%: −$2.4
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $55.59
Costs to cover: 0.120%
Break-even: 1.4 days

Slippage unknown: Lighter: live order book, 35 min ago; GMX: no order-book sample. 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 Lighter live order book, 35 min ago	9.92 bp	20.0 bp −$20	138.2 bp −$1,382	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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
01 Exchange MONUSD	−0.0240%	1h	0.02504	+0.088%	$6K	$1K	5x	as long as short
Backpack MON_USDC_PERP	−0.0186%	1h	0.02503	+0.056%	$113K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02498	−0.160%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0147%	8h	0.02500	−0.080%	$20.6M	$13.3M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02505	+0.112%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02503	+0.028%	$107K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02502	+0.008%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0071%	4h	0.02502	0.000%	$16K	$39K	10x	as long as short
Variational Omni MON	+0.0076%	8h	0.02500	−0.098%	$738K	$409K	—	as long as short
Paradex MON-USD-PERP	+0.0093%	8h	0.02500	−0.076%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MONlong	+0.0096%	1h	0.02502	long leg	$842K	$749K	10x
Hyperliquid MON	+0.0100%	1h	0.02503	+0.024%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02504	+0.070%	$100K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02503	+0.050%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02503	+0.032%	$138K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02501	−0.031%	$23.8M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02500	−0.080%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02505	+0.115%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02502	0.000%	$938K	$993K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02505	+0.120%	$2.8M	$757K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02502	0.000%	$2.7M	$2.2M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02503	+0.058%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	+0.167%	$562K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02505	+0.120%	$67K	$510K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02507	+0.181%	$425K	$573K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02502	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02503	+0.059%	$48K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02501	−0.028%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0255%	1h	0.02505	+0.103%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0260% / S −0.0429%	1h	0.02501	−0.024%	$9K	—	50x
BloFin MON-USDT	+0.0340%	4h	0.02500	−0.080%	$1.3M	$337K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02507	+0.208%	$109K	$57K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0544%	1h	0.02505	+0.115%	$269K	$114K	10x	as long as short