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: Injective against Lighter+0.157%66s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Injective

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

The price spread pays, funding is against you. Injective is 0.157% dearer against Lighter than usual: you sell high and buy low (spread +0.157% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 26 hours. 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	Lighter MON	0.02542	0.0096	pay 0.0012% / 1h	3m 57s	$847K	$743K	10x
Short	Injective MON/USDC PERP	0.02546	−0.0388	pay 0.0048% / 1h	3m 57s	$6K	$109	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.157%Rate

Funding earned: −$101.63
Price spread: +0.157% → 0.000%: $15.74
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$85.92
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 61 min ago; Injective: 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, 61 min ago	11.60 bp	20.5 bp −$20	132.4 bp −$1,324	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 PERPshort	−0.0388%	1h	0.02546	+0.157%	$6K	$109	5.5x
Bybit MONUSDT	−0.0093%	8h	0.02541	−0.039%	$20.9M	$12.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02538	−0.173%	$13K	$349K	5x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02542	+0.004%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0026%	1h	0.02541	−0.024%	$69K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0076%	4h	0.02541	−0.039%	$16K	$51K	10x	as long as short
Lighter MONlong	+0.0096%	1h	0.02542	long leg	$847K	$743K	10x
Paradex MON-USD-PERP	+0.0098%	8h	0.02539	−0.132%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02544	+0.076%	$408K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02542	+0.020%	$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	−0.035%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02540	−0.074%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02540	−0.094%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02542	−0.006%	$24.2M	$25.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02539	−0.118%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02531	−0.447%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02540	−0.079%	$949K	$906K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02541	−0.039%	$2.9M	$743K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02541	−0.039%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02542	−0.004%	$118K	$153K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02536	−0.234%	$754K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02538	−0.166%	$43K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	−0.196%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02540	−0.079%	$68K	$497K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02540	−0.079%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02543	+0.040%	$49K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02540	−0.079%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02541	−0.047%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0308%	1h	0.02542	+0.004%	$2K	$79K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02543	+0.024%	$106K	$2.3M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02556	+0.543%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0841%	1h	0.02543	+0.056%	$268K	$97K	10x	as long as short