MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0951%/8h= −104.2% APRnext payment −$1.19 per $10,000 · paid last 24h −0.119%

Price spread now: GMX against Backpack+0.027%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 GMX

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. GMX is 0.027% dearer against Backpack than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MNT_USDC_PERP	0.6550	0.0760	pay 0.0095% / 1h	20m 11s	$38K	$47K	10x
Short	GMX MNT/USD [ETH-USDC]	0.6552	L −0.2622% / S +0.0192%	pay 0.0024% / 1h	20m 11s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$199.79
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$219.13
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Backpack and GMX: 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]short	L −0.2622% / S +0.0192%	1h	0.6552	+0.027%	$19	—	100x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6555	+0.073%	$787	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.366%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6551	+0.008%	$43.2M	$14.3M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6540	−0.153%	$424K	$157K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6553	+0.046%	$2.5M	$593K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6550	0.000%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6557	+0.113%	$296K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6560	+0.153%	$11K	$637K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6558	+0.122%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MNT-USDT	+0.0220%	8h	0.6566	+0.244%	$90K	$222K	25x	as long as short
Hyperliquid MNT	+0.0237%	1h	0.6563	+0.200%	$6.7M	$979K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0588%	1h	0.6580	+0.455%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0600%	1h	0.6571	+0.321%	$141K	$70K	5x	as long as short
Backpack MNT_USDC_PERPlong	+0.0760%	1h	0.6550	long leg	$38K	$47K	10x