Funding you earn now, next payment 05:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.026%
Price spread now: Orderly against Lighter−0.040%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.040% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MON | 0.02527 | 0.0096 | pay 0.0012% / 1h | 27m 59s | $847K | $732K | 10x |
| Short | Orderly PERP_MON_USDC | 0.02526 | 0.0073 | get 0.0037% / 4h | 3h 27m | $16K | $48K | 10x |
Lighter MON
Orderly PERP_MON_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$4.77
- Price spread: −0.040% → 0.000%
- −$3.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$14.72
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 22 min ago; Orderly: 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, 22 min ago | 11.89 bp | 21.4 bp −$21 | 125.2 bp −$1,252 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0203% | 1h | 0.02523 | −0.158% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0008% | 8h | 0.02523 | −0.158% | $20.8M | $13.4M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02525 | −0.067% | $12K | $358K | 5x | as long as short |
| Orderly PERP_MON_USDCshort | +0.0073% | 4h | 0.02526 | −0.040% | $16K | $48K | 10x | |
| Backpack MON_USDC_PERP | +0.0092% | 1h | 0.02526 | −0.028% | $112K | $150K | 10x | as long as short |
| Lighter MONlong | +0.0096% | 1h | 0.02527 | long leg | $847K | $732K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02526 | −0.037% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02529 | +0.094% | $413K | $585K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02526 | −0.024% | $34.0M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02525 | −0.060% | $101K | $222K | 10x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
Backpack MON_USDC_PERP
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 | 0.02524 | −0.115% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02524 | −0.107% | $139K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02524 | −0.099% | $24.0M | $26.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02523 | −0.158% | $4.2M | $6.1M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.277% | $103K | $2K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02526 | −0.040% | $944K | $983K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02529 | +0.079% | $2.9M | $761K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02526 | −0.040% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02525 | −0.097% | $747K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02522 | −0.204% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02527 | −0.002% | $569K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02526 | −0.040% | $69K | $520K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02525 | −0.079% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02527 | −0.018% | $48K | $519K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02525 | −0.099% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0216% | 1h | 0.02525 | −0.095% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0225% | 1h | 0.02526 | −0.024% | $74K | $136K | 25x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02525 | −0.091% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02523 | −0.158% | $1.3M | $336K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0351% | 1h | 0.02524 | −0.134% | $2K | $74K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0368% | 1h | 0.02530 | +0.119% | $110K | $57K | 50x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02528 | +0.032% | $115K | $2.2M | 10x | as long as short |
| Kraken Futures PF_MONUSD | +0.0721% | 1h | 0.02528 | +0.050% | $272K | $113K | 10x | 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
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Perpl MON
Kraken Futures PF_MONUSD