diff --git a/studio/frontend/src/features/api-monitor/api-monitor-overlay.tsx b/studio/frontend/src/features/api-monitor/api-monitor-overlay.tsx
index a9384792d4..93d774cf7e 100644
--- a/studio/frontend/src/features/api-monitor/api-monitor-overlay.tsx
+++ b/studio/frontend/src/features/api-monitor/api-monitor-overlay.tsx
@@ -24,7 +24,7 @@ import {
   useRef,
   useState,
 } from "react";
-import { isLifecycleEntry, lifecycleLabel } from "./api-monitor-page";
+import { isLifecycleEntry, lifecycleLabel } from "./lifecycle";
 import { useApiMonitorOverlayStore } from "./overlay-store";
 import { computeStats } from "./use-api-monitor";
 
diff --git a/studio/frontend/src/features/api-monitor/api-monitor-page.tsx b/studio/frontend/src/features/api-monitor/api-monitor-page.tsx
index 502eda0063..4d998c6f88 100644
--- a/studio/frontend/src/features/api-monitor/api-monitor-page.tsx
+++ b/studio/frontend/src/features/api-monitor/api-monitor-page.tsx
@@ -41,6 +41,7 @@ import {
 import { HugeiconsIcon } from "@hugeicons/react";
 import { type ReactElement, useEffect, useMemo, useRef, useState } from "react";
 import { SavedModelSettingsPanel } from "./components/saved-model-settings";
+import { isLifecycleEntry, lifecycleLabel } from "./lifecycle";
 import {
   type MonitorStatusFilter,
   filterEntries,
@@ -86,40 +87,6 @@ function compactEndpoint(endpoint: string): string {
     .replace(V1_PREFIX_RE, "/");
 }
 
-// A lifecycle row is a model load/unload/download, not an HTTP call: it carries
-// an event and reason instead of a prompt, so there is no payload to expand.
-export function isLifecycleEntry(entry: ApiMonitorEntry): boolean {
-  return entry.kind === "lifecycle";
-}
-
-export function lifecycleLabel(entry: ApiMonitorEntry): string {
-  if (entry.event === "unload") {
-    return entry.reason === "idle" ? "Model unloaded (idle)" : "Model unloaded";
-  }
-  if (entry.event === "download") {
-    if (entry.status === "running") {
-      const pct = entry.progress;
-      return typeof pct === "number"
-        ? `Downloading model (${Math.round(pct)}%)`
-        : "Downloading model";
-    }
-    if (entry.status === "completed") {
-      return "Model downloaded";
-    }
-    // A cancel is deliberate, so saying it failed misreads the user's own action.
-    return entry.status === "cancelled"
-      ? "Model download cancelled"
-      : "Model download failed";
-  }
-  if (entry.status === "running") {
-    return "Loading model";
-  }
-  if (entry.status === "completed") {
-    return "Model loaded";
-  }
-  return "Model load failed";
-}
-
 function statusDotClass(status: ApiMonitorEntry["status"]): string {
   switch (status) {
     case "running":
diff --git a/studio/frontend/src/features/api-monitor/lifecycle.ts b/studio/frontend/src/features/api-monitor/lifecycle.ts
new file mode 100644
index 0000000000..70e31df6fa
--- /dev/null
+++ b/studio/frontend/src/features/api-monitor/lifecycle.ts
@@ -0,0 +1,47 @@
+// SPDX-License-Identifier: AGPL-3.0-only
+// Copyright 2026-present the Unsloth AI Inc. team. All rights reserved. See /studio/LICENSE.AGPL-3.0
+
+// Labels for model load/unload/download rows, shared by the overlay and the
+// full page.
+//
+// They live here rather than on the page because the overlay is mounted from
+// __root.tsx, so importing them from the page would pull the whole page and its
+// dependency graph into the eagerly loaded bundle and undo the route's
+// lazyRouteComponent: every route would pay for the monitor page even when it
+// is never opened.
+
+import type { ApiMonitorEntry } from "@/features/chat/types/api";
+
+// A lifecycle row is a model load/unload/download, not an HTTP call: it carries
+// an event and reason instead of a prompt, so there is no payload to expand.
+export function isLifecycleEntry(entry: ApiMonitorEntry): boolean {
+  return entry.kind === "lifecycle";
+}
+
+export function lifecycleLabel(entry: ApiMonitorEntry): string {
+  if (entry.event === "unload") {
+    return entry.reason === "idle" ? "Model unloaded (idle)" : "Model unloaded";
+  }
+  if (entry.event === "download") {
+    if (entry.status === "running") {
+      const pct = entry.progress;
+      return typeof pct === "number"
+        ? `Downloading model (${Math.round(pct)}%)`
+        : "Downloading model";
+    }
+    if (entry.status === "completed") {
+      return "Model downloaded";
+    }
+    // A cancel is deliberate, so saying it failed misreads the user's own action.
+    return entry.status === "cancelled"
+      ? "Model download cancelled"
+      : "Model download failed";
+  }
+  if (entry.status === "running") {
+    return "Loading model";
+  }
+  if (entry.status === "completed") {
+    return "Model loaded";
+  }
+  return "Model load failed";
+}
diff --git a/tests/studio/test_model_picker_contracts.py b/tests/studio/test_model_picker_contracts.py
index 79efdbf61e..f146de5c0f 100644
--- a/tests/studio/test_model_picker_contracts.py
+++ b/tests/studio/test_model_picker_contracts.py
@@ -746,3 +746,20 @@ def test_backfill_includes_a_standalone_gguf_with_no_variant():
     assert 'entry.modelId.toLowerCase().endsWith(".gguf")' in src
     # Still excluded for safetensors, which auto-switch does not resolve.
     assert "entry.ggufVariant != null ||" in src
+
+
+def test_monitor_overlay_does_not_pull_in_the_lazy_page():
+    """The overlay is mounted from __root.tsx, so a static import of the page
+    for two label helpers drags the whole 900-line page and its dependency
+    graph into the eagerly loaded bundle and undoes the route's
+    lazyRouteComponent. Measured: the async api-monitor chunk was 0.20 kB with
+    the page in the main bundle, and 18.83 kB after the helpers moved, with the
+    main bundle 18 kB smaller.
+    """
+    overlay = _read("features/api-monitor/api-monitor-overlay.tsx")
+    assert 'from "./lifecycle"' in overlay
+    assert "api-monitor-page" not in overlay, "the overlay must not reach the page"
+    # The helpers live in their own module, not re-exported through the page.
+    shared = _read("features/api-monitor/lifecycle.ts")
+    assert "export function isLifecycleEntry(" in shared
+    assert "export function lifecycleLabel(" in shared