Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRnext payment $0.14 per $10,000 · paid last 24h +0.027%
Price spread now: 01 Exchange against Lighter+0.126%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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. 01 Exchange is 0.126% dearer against Lighter than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MON0.025390.0096pay 0.0012% / 1h56m 23s$846K$738K10x
Short01 Exchange MONUSD0.02542−0.0016pay 0.0002% / 1h56m 23s$6K$1K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$23.52
Price spread: +0.126% → 0.000%
$12.6
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$17.92
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Lighter: live order book, 4 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago9.86 bp18.6 bp −$19110.9 bp −$1,109doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0253%1h0.02546+0.276%$6K$1055.5xas long as short
Backpack MON_USDC_PERP−0.0152%1h0.02525−0.532%$117K$149K10xas long as short
Bybit MONUSDT−0.0061%8h0.02535−0.158%$20.8M$12.8M50xas long as short
01 Exchange MONUSDshort−0.0016%1h0.02542+0.126%$6K$1K5x
Phoenix MON0.0000%1h0.02536−0.102%$13K$345K5xas long as short
Deribit MON_USDC-PERPETUAL+0.0065%1h0.02539−0.016%$68K$125K25xas long as short
Orderly PERP_MON_USDC+0.0077%4h0.02538−0.039%$16K$51K10xas long as short
Lighter MONlong+0.0096%1h0.02539long leg$846K$738K10x
Paradex MON-USD-PERP+0.0098%8h0.02537−0.077%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02543+0.158%$407K$539K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02544+0.185%$34.5M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02540+0.054%$102K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02536−0.121%$13K5xas long as short
Pacifica MON+0.0100%1h0.02534−0.181%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02539+0.018%$24.2M$25.9M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02536−0.118%$4.2M$5.8M50xas long as short
Bulk MON-USD+0.0100%1h0.02531−0.329%$105K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.02538−0.039%$941K$902K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02538−0.039%$2.9M$742K75xas long as short
Bitget MONUSDT+0.0100%4h0.02540+0.039%$2.7M$2.0M25xas long as short
Variational Omni MON+0.0100%8h0.02533−0.254%$753K$404Kas long as short
edgeX MONUSDC+0.0100%4h0.02535−0.155%$43K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02534−0.211%$567K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02532−0.276%$68K$498K50xas long as short
SoDEX MON-USD+0.0100%1h0.02537−0.079%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02539+0.015%$48K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02537−0.067%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02541+0.059%$9K50xas long as short
Aftermath Perps MONUSD+0.0307%1h0.02534−0.182%$2K$74K10xas long as short
Perpl MON+0.0447%43m0.02541+0.095%$106K$2.3M10xas long as short
Kraken Futures PF_MONUSD+0.0490%1h0.02540+0.033%$268K$97K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02530−0.358%$111K$51K50xas long as short