Funding you earn now, next payment 01:38 UTC−0.0351%/8h= −38.4% APRpaid last 24h +0.043%
Price spread now: Lighter against Perpl+0.016%7-day average +0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)−1.046%−$105 · spread now +0.016%, 7d avg +0.032%
=Together, before fees−1.180%+ Points / potential airdropPerpl: Active · Lighter: Season 3 · farm board−$118 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl MON | 0.02543 | 0.0447 | pay 0.0040% / 43m | 8m 46s | $106K | $2.3M | 10x |
| Short | Lighter MON | 0.02543 | 0.0096 | get 0.0012% / 1h | 3m 46s | $847K | $743K | 10x |
Perpl MON
Lighter MONFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Perpl. 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
- −$73.61
- Price spread: +0.016% → +0.032%
- −$1.62
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$89.03
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Lighter: live order book, 61 min ago. 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 61 min ago | 11.60 bp | 15.2 bp −$15 | 107.9 bp −$1,079 | doesn't fit | doesn't fit |
Perpl: 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 PERP | −0.0388% | 1h | 0.02546 | +0.134% | $6K | $109 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0085% | 8h | 0.02538 | −0.177% | $20.9M | $12.8M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02538 | −0.197% | $13K | $349K | 5x | as long as short |
| 01 Exchange MONUSD | +0.0024% | 1h | 0.02542 | −0.020% | $6K | $1K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0026% | 1h | 0.02541 | −0.047% | $69K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0076% | 4h | 0.02541 | −0.063% | $16K | $51K | 10x | as long as short |
| Lighter MONshort | +0.0096% | 1h | 0.02543 | +0.016% | $847K | $743K | 10x | |
| Paradex MON-USD-PERP | +0.0098% | 8h | 0.02539 | −0.156% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02544 | +0.052% | $408K | $545K | 10x | as long as short |
| Hyperliquid MON | +0.0100% | 1h | 0.02544 | +0.071% | $34.5M | $7.5M | 5x | as long as short |
Injective MON/USDC PERP
Bybit MONUSDT
Phoenix MON
01 Exchange MONUSD
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Nado MON-PERP
Hyperliquid MONShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02541 | −0.058% | $102K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02540 | −0.097% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02541 | −0.047% | $141K | $104K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02542 | −0.042% | $24.2M | $25.9M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02538 | −0.181% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02531 | −0.471% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02540 | −0.102% | $949K | $906K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02541 | −0.063% | $2.9M | $743K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02542 | −0.024% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02542 | −0.028% | $118K | $153K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02536 | −0.257% | $754K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02538 | −0.190% | $43K | $248K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02537 | −0.219% | $568K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02540 | −0.102% | $68K | $497K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02540 | −0.102% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02543 | +0.016% | $49K | $517K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02540 | −0.102% | $38K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02541 | −0.071% | $9K | — | 50x | as long as short |
| Aftermath Perps MONUSD | +0.0308% | 1h | 0.02542 | −0.020% | $2K | $79K | 10x | as long as short |
| Perpl MONlong | +0.0447% | 43m | 0.02543 | long leg | $106K | $2.3M | 10x | |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02556 | +0.519% | $112K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0841% | 1h | 0.02543 | +0.032% | $268K | $97K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
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
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD