MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.010%

Price spread now: Backpack against Hyperliquid−0.185%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Backpack is 0.185% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.185% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 33 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.165% in total) that is about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MNT	0.6445	0.0100	pay 0.0013% / 1h	52m 37s	$6.6M	$940K	5x
Short	Backpack MNT_USDC_PERP	0.6433	0.0119	get 0.0015% / 1h	52m 37s	$40K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.185%Rate

Funding earned: $3.94
Price spread: −0.185% → 0.000%: −$18.46
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$33.53
Costs to cover: 0.190%
Break-even: 66.6 days

Slippage unknown: Hyperliquid: live order book, 9 min ago; Backpack: 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 Hyperliquid live order book, 9 min ago	0.77 bp	24.0 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	0.6424	−0.326%	$19	—	100x	as long as short
ApeX Omni MNTUSDT	−0.0584%	1h	0.6444	−0.014%	$11K	$637K	50x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S −0.0008%	1h	0.6423	−0.338%	$12K	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.258%	$3K	$210K	12x	as long as short
Hyperliquid MNTlong	+0.0100%	1h	0.6445	long leg	$6.6M	$940K	5x
Bybit MNTUSDT	+0.0100%	8h	0.6434	−0.169%	$42.3M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6410	−0.542%	$413K	$161K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6425	−0.309%	$2.4M	$102K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6432	−0.200%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6416	−0.456%	$285K	$173K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6428	−0.262%	$1K	—	10x	as long as short
Backpack MNT_USDC_PERPshort	+0.0119%	1h	0.6433	−0.185%	$40K	$49K	10x
BloFin MNT-USDT	+0.0220%	8h	0.6424	−0.324%	$90K	$224K	25x	as long as short
Lighter MNT	+0.0240%	1h	0.6457	+0.182%	$139K	$71K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0384%	1h	0.6424	−0.321%	$16K	$20K	20x	as long as short