After costs, if the gap returns to its 7d average, $10k−$94
spread now+0.070%7d average+0.005%fees + slippage, in and out−$100spread needed1.001%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02569 | 0.0096 | pay 0.0012% / 1h | 46m 49s | $875K | $770K | 10x |
| Short | Kraken Futures PF_MONUSD | 0.02571 | 0.0991 | get 0.0124% / 1h | 46m 49s | $255K | $70K | 10x |
Lighter MON
Kraken Futures PF_MONUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.98
- Funding while held
- $26.84
- Slippage, 4 orders
- −$90.09
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$66.27
- Spread needed to break even
- 1.001%
Slippage from Lighter: live order book, 60 min ago; Kraken Futures: live order book, 62 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0895%
- Per $10,000 a day
- +$26.84
- Average in range /8h
- —
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, 60 min ago | 5.70 bp | 13.0 bp −$13 | 95.7 bp −$957 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 62 min ago | 13.30 bp | 32.0 bp −$32 | 680.0 bp −$6,800 | doesn't fit | doesn't fit |
MON price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.02564cheapestOKX0.02565+0.047%Backpack0.02565+0.059%GMX0.02566+0.078%Gate0.02566+0.086%Aster0.02566+0.094%Bitget0.02567+0.125%Orderly0.02567+0.125%SoDEX0.02567+0.125%Deribit0.02568+0.152%Aevo0.02568+0.164%Binance0.02569+0.190%
Bybit
OKX
Backpack
GMX
Gate
Aster
Bitget
Orderly
SoDEX
Deribit
Aevo
BinanceLighter0.02569+0.203%
BloFin0.02570+0.242%Hyperliquid0.02570+0.254%
BloFin
HyperliquidKraken Futures0.02571+0.273%
KuCoin0.02571+0.281%Extended0.02572+0.304%01 Exchange0.02572+0.308%Perpl0.02573+0.351%Paradex0.02573+0.378%Pacifica0.02574+0.386%Variational Omni0.02574+0.387%dYdX0.02575+0.417%ApeX Omni0.02575+0.437%edgeX0.02576+0.456%Phoenix0.02577+0.503%Aftermath Perps0.02578+0.565%Nado0.02580+0.622%Injective0.02588+0.944%Bulk0.02590+1.022%Coinbase International0.02606+1.638%
KuCoin
Extended
Perpl
Paradex
Pacifica
Variational Omni
dYdX
ApeX Omni
Phoenix
Nado
Injective
Bulk
Coinbase InternationalMON on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | −0.202% | +0.0015% | 8h | $21.3M | $11.2M | 50x | as long as short |
| OKX MON-USDT-SWAP | −0.156% | +0.0100% | 4h | $4.4M | $6.5M | 50x | as long as short |
| Backpack MON_USDC_PERP | −0.144% | +0.0314% | 1h | $125K | $127K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | −0.125% | L +0.0231% / S −0.0343% | 1h | $6K | — | 50x | as long as short |
| Gate MON_USDT | −0.117% | +0.0100% | 4h | $967K | $925K | 50x | as long as short |
| Aster MONUSDT | −0.109% | +0.0100% | 4h | $113K | $222K | 10x | as long as short |
| Bitget MONUSDT | −0.078% | +0.0100% | 4h | $2.7M | $1.7M | 25x | as long as short |
| Orderly PERP_MON_USDC | −0.078% | +0.0100% | 4h | $17K | $71K | 10x | as long as short |
| SoDEX MON-USD | −0.078% | +0.0100% | 1h | $5K | $6K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | −0.051% | +0.0335% | 1h | $44K | $70K | 25x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo MON-PERP | −0.039% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| Binance MONUSDT | −0.013% | +0.0100% | 4h | $24.4M | $23.3M | 75x | as long as short |
| Lighter MONlong | 0.000% | +0.0096% | 1h | $875K | $770K | 10x | |
| BloFin MON-USDT | +0.039% | +0.0110% | 4h | $1.4M | $198K | 75x | as long as short |
| Hyperliquid MON | +0.051% | +0.0121% | 1h | $34.6M | $7.8M | 5x | as long as short |
| Kraken Futures PF_MONUSDshort | +0.070% | +0.0991% | 1h | $255K | $70K | 10x | |
| KuCoin MONUSDTM | +0.078% | +0.0422% | 4h | $2.6M | $702K | 75x | as long as short |
| Extended MON-USD | +0.101% | +0.0104% | 1h | $45K | $402K | 10x | as long as short |
| 01 Exchange MONUSD | +0.105% | +0.0400% | 1h | $6K | $2K | 5x | as long as short |
| Perpl MON | +0.148% | +0.0447% | 43m | $219K | $1.6M | 10x | as long as short |
| Paradex MON-USD-PERP | +0.174% | +0.0100% | 8h | $8K | — | 5x | as long as short |
| Pacifica MON | +0.183% | +0.0100% | 1h | $162K | $89K | 3x | as long as short |
| Variational Omni MON | +0.184% | +0.0100% | 8h | $796K | $314K | — | as long as short |
| dYdX MON-USD | +0.214% | +0.0100% | 1h | $13K | — | 5x | as long as short |
| ApeX Omni MONUSDT | +0.234% | +0.0100% | 1h | $69K | $498K | 50x | as long as short |
| edgeX MONUSDC | +0.253% | +0.0100% | 4h | $47K | $240K | 10x | as long as short |
| Phoenix MON | +0.300% | +0.0310% | 1h | $13K | $420K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.361% | +0.1357% | 1h | $6K | $83K | 10x | as long as short |
| Nado MON-PERP | +0.418% | +0.0100% | 1h | $300K | $514K | 10x | as long as short |
| Injective MON/USDC PERP | +0.740% | +0.0199% | 1h | $6K | $108 | 5.5x | as long as short |
| Bulk MON-USD | +0.817% | +0.0100% | 1h | $101K | $20K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +1.432% | +0.1176% | 1h | $115K | $41K | 50x | as long as short |