MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.033%

Price spread now: ApeX Omni against Hyperliquid−0.066%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$29 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now −0.066%, 7d avg −0.107%

Together, before fees−0.357%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.041% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.107%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.285% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MNT	0.6518	0.0113	pay 0.0014% / 1h	14m 42s	$6.6M	$897K	5x
Short	ApeX Omni MNTUSDT	0.6514	0.0100	get 0.0013% / 1h	14m 42s	$11K	$641K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.066%Rate

Funding earned: −$2.76
Price spread: −0.066% → −0.107%: $4.07
Slippage, 4 orders: −$40.29
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.98
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; ApeX Omni: live order book, 8 min ago.

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 Hyperliquid live order book, 7 min ago	1.68 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	4.59 bp	13.5 bp −$13	103.3 bp −$1,033	doesn't fit	doesn't fit

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	0.6508	−0.151%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0092%	1h	0.6526	+0.118%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6508	−0.151%	$781	—	150x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6506	−0.186%	$42.9M	$13.6M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6498	−0.311%	$413K	$115K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6505	−0.204%	$2.5M	$585K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6505	−0.204%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6513	−0.078%	$293K	$117K	—	as long as short
ApeX Omni MNTUSDTshort	+0.0100%	1h	0.6514	−0.066%	$11K	$641K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6520	+0.026%	$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 MNTlong	+0.0113%	1h	0.6518	long leg	$6.6M	$897K	5x
BloFin MNT-USDT	+0.0220%	8h	0.6511	−0.112%	$89K	$217K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0228%	1h	0.6523	+0.067%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0640%	1h	0.6526	+0.114%	$140K	$70K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0669%	1h	0.6507	−0.173%	$40K	$34K	10x	as long as short