Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.051%
Price spread now: Injective against Hyperliquid+1.227%113s7-day average +0.129% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.365%−$36 on $10k
+Price spread, last 4 days (all we have)−3.114%−$311 · spread now +1.227%, 7d avg +0.129%
=Together, before fees−3.479%+ Points / potential airdropHyperliquid: Season 2 · farm board−$348 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.098% dearer against Hyperliquid than usual: you sell high and buy low (spread +1.227% now, against its 7-day average of +0.129%): +$110 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 55 days. At the pace of the last 7 days (−0.365% in total) that is about 21 days. The two prices were read 113 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 | Hyperliquid MNT | 0.6447 | 0.0100 | pay 0.0013% / 1h | 45m 33s | $6.6M | $897K | 5x |
| Short | Injective MNT/USDC PERP | 0.6526 | 0.0033 | get 0.0004% / 1h | 45m 33s | $3K | $210K | 12x |
Hyperliquid MNT
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Hyperliquid. 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: +1.227% → +0.129%
- $109.83
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $86.81
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago | 2.63 bp | 20.7 bp −$21 | doesn't fit | 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 | 0.6435 | −0.182% | $19 | — | 100x | as long as short |
| Kraken Futures PF_MNTUSD | −0.0449% | 1h | 0.6433 | −0.215% | $16K | $28K | 20x | as long as short |
| ApeX Omni MNTUSDT | −0.0298% | 1h | 0.6436 | −0.169% | $11K | $643K | 50x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6438 | −0.145% | $773 | — | 150x | as long as short |
| Injective MNT/USDC PERPshort | +0.0033% | 1h | 0.6526 | +1.227% | $3K | $210K | 12x | |
| Hyperliquid MNTlong | +0.0100% | 1h | 0.6447 | long leg | $6.6M | $897K | 5x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6435 | −0.185% | $42.1M | $14.7M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6412 | −0.541% | $420K | $169K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6432 | −0.231% | $2.4M | $103K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6434 | −0.200% | — | $2.5M | — | as long as short |
GMX MNT/USD [ETH-USDC]
Kraken Futures PF_MNTUSD
ApeX Omni MNTUSDT
gTrade (Gains Network) MNT/USD
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MNT | +0.0100% | 8h | 0.6430 | −0.264% | $285K | $173K | — | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6445 | −0.029% | $1K | — | 10x | as long as short |
| Lighter MNT | +0.0144% | 1h | 0.6448 | +0.020% | $142K | $75K | 5x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6428 | −0.293% | — | $211K | 25x | as long as short |
| Backpack MNT_USDC_PERP | +0.0479% | 1h | 0.6433 | −0.216% | $44K | $56K | 10x | as long as short |
Variational Omni MNT
Orderly PERP_MNT_USDC
Lighter MNT
BloFin MNT-USDT
Backpack MNT_USDC_PERP