MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0701%/8h= −76.7% APRnext payment −$0.88 per $10,000 · paid last 24h −0.065%

Price spread now: Injective against Backpack−0.122%72s7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.526%−$53 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Injective is 0.122% cheaper against Backpack than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MNT_USDC_PERP	0.6534	0.0734	pay 0.0092% / 1h	43m 58s	$38K	$48K	10x
Short	Injective MNT/USDC PERP	0.6526	0.0033	get 0.0004% / 1h	43m 58s	$3K	$210K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.122%Rate

Funding earned: −$147.14
Price spread: −0.122% → 0.000%: −$12.24
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$169.4
Costs to cover: 0.100%
Break-even: never at this rate

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

Backpack and Injective: 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	0.6536	+0.028%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6537	+0.043%	$785	—	150x	as long as short
Injective MNT/USDC PERPshort	+0.0033%	1h	0.6526	−0.122%	$3K	$210K	12x
Bybit MNTUSDT	+0.0100%	8h	0.6538	+0.066%	$43.1M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6519	−0.230%	$423K	$154K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6537	+0.046%	$2.5M	$587K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6537	+0.046%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6532	−0.031%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6524	−0.153%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6538	+0.061%	$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	+0.0184%	1h	0.6548	+0.207%	$6.7M	$1.0M	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6533	−0.015%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0448%	1h	0.6555	+0.315%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0592%	1h	0.6531	−0.048%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERPlong	+0.0734%	1h	0.6534	long leg	$38K	$48K	10x