MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0761%/8h= −83.3% APRnext payment −$0.95 per $10,000 · paid last 24h −0.067%

Price spread now: gTrade (Gains Network) against Backpack+0.067%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.067% dearer against Backpack than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MNT_USDC_PERP	0.6544	0.0760	pay 0.0095% / 1h	42m 15s	$38K	$48K	10x
Short	gTrade (Gains Network) MNT/USD	0.6548	L +0.0010% / S 0.0000%	pay 0.0000% / 1h	42m 15s	$786	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Backpack. 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

Position, each leg$Hold fordaysFee BackpackbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.067%Rate

Funding earned: −$159.76
Price spread: +0.067% → 0.000%: $6.74
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$173.02
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; gTrade (Gains Network): 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 Backpack no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Backpack and gTrade (Gains Network): 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.

MNT on 15 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
GMX MNT/USD [ETH-USDC]	L −0.2622% / S +0.0192%	1h	0.6548	+0.063%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USDshort	L +0.0010% / S 0.0000%	1h	0.6548	+0.067%	$786	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.275%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6547	+0.046%	$43.1M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6525	−0.290%	$423K	$154K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6545	+0.015%	$2.5M	$587K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6546	+0.031%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6532	−0.184%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6531	−0.199%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6550	+0.092%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MNT	+0.0197%	1h	0.6560	+0.244%	$6.7M	$1.0M	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6547	+0.046%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0456%	1h	0.6563	+0.287%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0591%	1h	0.6545	+0.014%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERPlong	+0.0760%	1h	0.6544	long leg	$38K	$48K	10x