Funding you earn now, next payment 01:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.034%
Price spread now: BloFin against Injective+0.322%7-day average −0.148% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)+1.458%+$146 · spread now +0.322%, 7d avg −0.148%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.470% dearer against Injective than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of −0.148%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% 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 | Injective MNT/USDC PERP | 0.6526 | 0.0033 | pay 0.0004% / 1h | 40m 30s | $3K | $210K | 12x |
| Short | BloFin MNT-USDT | 0.6547 | 0.0220 | get 0.0220% / 8h | 7h 40m | $89K | $219K | 25x |
Injective MNT/USDC PERP
BloFin MNT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $39.2
- Price spread: +0.322% → −0.148%
- $47
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $74.18
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 25 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 25 min ago | 0.77 bp | 14.7 bp −$15 | 47.0 bp −$470 | doesn't fit | doesn't fit |
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 | 0.6545 | +0.288% | $19 | — | 100x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6545 | +0.296% | $786 | — | 150x | as long as short |
| Injective MNT/USDC PERPlong | +0.0033% | 1h | 0.6526 | long leg | $3K | $210K | 12x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6548 | +0.333% | $43.1M | $14.4M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6525 | −0.015% | $423K | $154K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6545 | +0.291% | $2.5M | $587K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6545 | +0.291% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6541 | +0.230% | $296K | $168K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6531 | +0.077% | $11K | $636K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6547 | +0.322% | $1K | — | 10x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDT
BingX MNT-USDT
Variational Omni MNT
ApeX Omni MNTUSDT
Orderly PERP_MNT_USDCShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MNT | +0.0187% | 1h | 0.6559 | +0.507% | $6.7M | $1.0M | 5x | as long as short |
| BloFin MNT-USDTshort | +0.0220% | 8h | 0.6547 | +0.322% | $89K | $219K | 25x | |
| Lighter MNT | +0.0488% | 1h | 0.6564 | +0.588% | $141K | $70K | 5x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0591% | 1h | 0.6544 | +0.282% | $17K | $20K | 20x | as long as short |
| Backpack MNT_USDC_PERP | +0.0786% | 1h | 0.6543 | +0.260% | $38K | $48K | 10x | as long as short |
Hyperliquid MNT
Lighter MNT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP