MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1440%/8h= −157.7% APRnext payment −$1.80 per $10,000 · paid last 24h +0.053%

Price spread now: Kraken Futures against Backpack+0.160%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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. Kraken Futures is 0.160% dearer against Backpack than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MNT_USDC_PERP	0.6521	0.0708	pay 0.0088% / 1h	31m 38s	$37K	$59K	10x
Short	Kraken Futures PF_MNTUSD	0.6531	−0.0732	pay 0.0091% / 1h	31m 38s	$17K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$302.35
Price spread: +0.160% → 0.000%: $15.96
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$306.39
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—

Backpack and Kraken Futures: 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	0.6523	+0.030%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSDshort	−0.0732%	1h	0.6531	+0.160%	$17K	$39K	20x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6524	+0.040%	$783	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.077%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6534	+0.199%	$6.7M	$885K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6524	+0.040%	$43.0M	$15.0M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6515	−0.092%	$446K	$173K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6521	0.000%	$2.4M	$105K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6525	+0.061%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6524	+0.044%	$289K	$110K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6530	+0.138%	$11K	$639K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6529	+0.123%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6528	+0.107%	$90K	$217K	25x	as long as short
Lighter MNT	+0.0440%	1h	0.6543	+0.340%	$149K	$83K	5x	as long as short
Backpack MNT_USDC_PERPlong	+0.0708%	1h	0.6521	long leg	$37K	$59K	10x