Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.008%
Price spread now: Injective against BingX+0.912%72s7-day average +0.300% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)−2.686%−$269 · spread now +0.912%, 7d avg +0.300%
=The price spread pays, funding is against you. Injective is 0.612% dearer against BingX than usual: you sell high and buy low (spread +0.912% now, against its 7-day average of +0.300%): +$61 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 days. At the pace of the last 7 days (−0.059% in total) that is about 2 months. 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 | BingX MNT-USDT | 0.6467 | 0.0100 | pay 0.0100% / 8h | 2h 41m | — | $2.5M | — |
| Short | Injective MNT/USDC PERP | 0.6526 | 0.0033 | get 0.0004% / 1h | 41m 55s | $3K | $210K | 12x |
BingX MNT-USDT
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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
- −$14
- Price spread: +0.912% → +0.300%
- $61.19
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $37.17
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 3 min ago; 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 BingX live order book, 3 min ago | 1.54 bp | 20.7 bp −$21 | 65.0 bp −$650 | 239.5 bp −$24.0K | 814.6 bp −$407.3K |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | 0.6470 | +0.054% | $19 | — | 100x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6471 | +0.056% | $777 | — | 150x | as long as short |
| Injective MNT/USDC PERPshort | +0.0033% | 1h | 0.6526 | +0.912% | $3K | $210K | 12x | |
| Hyperliquid MNT | +0.0100% | 1h | 0.6479 | +0.179% | $6.6M | $756K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6468 | +0.014% | $42.6M | $14.6M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6467 | 0.000% | $438K | $176K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6466 | −0.015% | $2.4M | $105K | 125x | as long as short |
| BingX MNT-USDTlong | +0.0100% | 8h | 0.6467 | long leg | — | $2.5M | — | |
| Variational Omni MNT | +0.0100% | 8h | 0.6478 | +0.176% | $287K | $110K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6482 | +0.232% | $11K | $638K | 50x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Hyperliquid MNT
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
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 | 0.6478 | +0.170% | $1K | $74 | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6471 | +0.062% | $90K | $212K | 25x | as long as short |
| Lighter MNT | +0.0384% | 1h | 0.6489 | +0.332% | $148K | $85K | 5x | as long as short |
| Backpack MNT_USDC_PERP | +0.0672% | 1h | 0.6469 | +0.031% | $36K | $57K | 10x | as long as short |
| Kraken Futures PF_MNTUSD | +0.1005% | 1h | 0.6472 | +0.084% | $16K | $39K | 20x | as long as short |
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Lighter MNT
Backpack MNT_USDC_PERP
Kraken Futures PF_MNTUSD