Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Nado+0.010%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$590.592% of the position
Funding, last 3 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.459%−$46 · spread now +0.010%, 7d avg −0.073%
=Together, before fees−0.410%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.083% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MON-PERP | 0.02522 | 0.0100 | pay 0.0012% / 1h | 7m 29s | $410K | $543K | 10x |
| Short | Lighter MON | 0.02522 | 0.0096 | get 0.0012% / 1h | 7m 29s | $841K | $738K | 10x |
Nado MON-PERP
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- −$0.84
- Price spread: +0.010% → −0.073%
- $8.27
- Slippage, 4 orders
- −$52.16
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.73
- Costs to cover
- 0.592%
- Break-even
- never at this rate
Slippage from Nado: live order book, 56 min ago; Lighter: live order book, 53 min ago.
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 Nado live order book, 56 min ago | 1.77 bp | 9.9 bp −$10 | 1164.1 bp −$11.6K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 53 min ago | 9.86 bp | 19.9 bp −$20 | 120.9 bp −$1,209 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02522 | +0.022% | $12K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0257% | 1h | 0.02523 | +0.049% | $111K | $152K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02528 | +0.248% | $5K | $112 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0129% | 8h | 0.02516 | −0.212% | $20.7M | $13.1M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0072% | 1h | 0.02519 | −0.117% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02523 | +0.057% | $104K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02523 | +0.057% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0085% | 4h | 0.02523 | +0.049% | $16K | $50K | 10x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02522 | +0.010% | $841K | $738K | 10x | |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02518 | −0.149% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERPlong | +0.0100% | 1h | 0.02522 | long leg | $410K | $543K | 10x | |
| Hyperliquid MON | +0.0100% | 1h | 0.02522 | −0.006% | $34.1M | $7.5M | 5x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02522 | +0.005% | $101K | $222K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02522 | −0.002% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02521 | −0.030% | $140K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02518 | −0.153% | $23.9M | $26.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02517 | −0.189% | $4.2M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02520 | −0.053% | $103K | $5K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02520 | −0.070% | $949K | $969K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02524 | +0.089% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02520 | −0.070% | $2.7M | $2.1M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02523 | +0.050% | $749K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02522 | +0.024% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02524 | +0.089% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02523 | +0.049% | $68K | $504K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02523 | +0.049% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02519 | −0.090% | $48K | $513K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02523 | +0.030% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02522 | +0.010% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0261% | 1h | 0.02527 | +0.196% | $2K | $74K | 10x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02518 | −0.149% | $1.3M | $325K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0492% | 1h | 0.02526 | +0.176% | $269K | $113K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02534 | +0.486% | $112K | $57K | 50x | as long as short |
Hyperliquid MON
Aster MONUSDT
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
GMX MON/USD [ETH-USDC]
Aftermath Perps MONUSD
BloFin MON-USDT
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX