Funding you earn now, next payment 00:00 UTC−0.0739%/8h= −81.0% APRpaid last 24h −0.053%
Price spread now: MEXC against Backpack−0.077%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.465%−$47 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 −$22 a day on $10k at the current rate, and MEXC is 0.077% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.465% in total (about -24.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MNT_USDC_PERP | 0.6502 | 0.0839 | pay 0.0105% / 1h | 32m 11s | $40K | $46K | 10x |
| Short | MEXC MNT_USDT | 0.6497 | 0.0100 | get 0.0100% / 8h | 32m 11s | $2.5M | $586K | 100x |
Backpack MNT_USDC_PERP
MEXC MNT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$155.29
- Price spread: −0.077% → 0.000%
- −$7.69
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$180.98
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; MEXC: live order book, 5 min ago. 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 MEXC live order book, 5 min ago | 0.77 bp | 8.2 bp −$8 | 52.0 bp −$520 | 103.8 bp −$10.4K | doesn't fit |
Backpack: 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 | 0.6503 | +0.019% | $19 | — | 100x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6503 | +0.017% | $781 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +0.369% | $3K | $210K | 12x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6513 | +0.174% | $6.6M | $952K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6501 | −0.015% | $42.8M | $14.5M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6475 | −0.415% | $405K | $148K | 25x | as long as short |
| MEXC MNT_USDTshort | +0.0100% | 8h | 0.6497 | −0.077% | $2.5M | $586K | 100x | |
| BingX MNT-USDT | +0.0100% | 8h | 0.6499 | −0.046% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6519 | +0.265% | $296K | $169K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6516 | +0.215% | $11K | $630K | 50x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Hyperliquid MNT
Bybit MNTUSDT
Gate MNT_USDT
BingX MNT-USDT
Variational Omni MNT
ApeX Omni MNTUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6508 | +0.092% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6494 | −0.123% | $89K | $218K | 25x | as long as short |
| Lighter MNT | +0.0440% | 1h | 0.6520 | +0.277% | $142K | $69K | 5x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0648% | 1h | 0.6511 | +0.139% | $17K | $20K | 20x | as long as short |
| Backpack MNT_USDC_PERPlong | +0.0839% | 1h | 0.6502 | long leg | $40K | $46K | 10x |
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Lighter MNT
Kraken Futures PF_MNTUSD