Funding you earn now, next payment 22:00 UTC−0.0192%/8h= −21.1% APRpaid last 24h −0.006%
Price spread now: Injective against Bybit+0.169%7-day average +0.216% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 3 days (all we have)−1.856%−$186 · spread now +0.169%, 7d avg +0.216%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.047% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.216%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% 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 | Bybit MNTUSDT | 0.6511 | 0.0100 | pay 0.0100% / 8h | 2h 37m | $43.0M | $13.6M | 25x |
| Short | Injective MNT/USDC PERP | 0.6522 | −0.0092 | pay 0.0012% / 1h | 37m 09s | $3K | $171K | 12x |
Bybit MNTUSDT
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$40.37
- Price spread: +0.169% → +0.216%
- −$4.71
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$56.1
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 1.54 bp | 21.5 bp −$22 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| 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 | 0.6515 | +0.054% | $19 | — | 100x | as long as short |
| Injective MNT/USDC PERPshort | −0.0092% | 1h | 0.6522 | +0.169% | $3K | $171K | 12x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6513 | +0.036% | $782 | — | 150x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6523 | +0.180% | $6.6M | $896K | 5x | as long as short |
| Bybit MNTUSDTlong | +0.0100% | 8h | 0.6511 | long leg | $43.0M | $13.6M | 25x | |
| Gate MNT_USDT | +0.0100% | 4h | 0.6502 | −0.138% | $413K | $115K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6508 | −0.046% | $2.5M | $584K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6508 | −0.046% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6512 | +0.016% | $293K | $117K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6513 | +0.031% | $11K | $640K | 50x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Hyperliquid MNT
Gate MNT_USDT
MEXC 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 | 0.6527 | +0.246% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6507 | −0.061% | $89K | $217K | 25x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0228% | 1h | 0.6516 | +0.069% | $17K | $20K | 20x | as long as short |
| Backpack MNT_USDC_PERP | +0.0611% | 1h | 0.6513 | +0.031% | $40K | $35K | 10x | as long as short |
| Lighter MNT | +0.0656% | 1h | 0.6530 | +0.284% | $139K | $69K | 5x | as long as short |
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP
Lighter MNT