Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.051%
Price spread now: Hyperliquid against Injective−0.518%93s7-day average −0.089% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.367%+$37 on $10k
+Price spread, last 3 days (all we have)+2.456%+$246 · spread now −0.518%, 7d avg −0.089%
=Together, before fees+2.823%+ Points / potential airdropHyperliquid: Season 2 · farm board+$282 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.429% cheaper against Injective than usual: you would sell low and buy high (spread −0.518% now, against its 7-day average of −0.089%). If the spread goes back, that is −$43 on $10k: about 7.9 days of funding at the current rate (+$5 a day). The two prices were read 93 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 | Injective MNT/USDC PERP | 0.6526 | −0.0080 | get 0.0010% / 1h | 55m 54s | $3K | $210K | 12x |
| Short | Hyperliquid MNT | 0.6492 | 0.0100 | get 0.0013% / 1h | 55m 54s | $6.6M | $903K | 5x |
Injective MNT/USDC PERP
Hyperliquid MNTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $37.81
- Price spread: −0.518% → −0.089%
- −$42.93
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$14.14
- Costs to cover
- 0.090%
- Break-even
- 9.6 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago | 0.08 bp | 14.1 bp −$14 | doesn't fit | 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 | 0.6479 | −0.723% | $19 | — | 100x | as long as short |
| Injective MNT/USDC PERPlong | −0.0080% | 1h | 0.6526 | long leg | $3K | $210K | 12x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6479 | −0.720% | $778 | — | 150x | as long as short |
| Hyperliquid MNTshort | +0.0100% | 1h | 0.6492 | −0.518% | $6.6M | $903K | 5x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6478 | −0.736% | $42.5M | $14.0M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6468 | −0.889% | $428K | $119K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6477 | −0.751% | $2.5M | $593K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6478 | −0.736% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6469 | −0.877% | $288K | $120K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6472 | −0.827% | $10K | $639K | 50x | 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 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 | 0.6481 | −0.690% | $1K | — | 10x | as long as short |
| Lighter MNT | +0.0192% | 1h | 0.6496 | −0.464% | $139K | $69K | 5x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6469 | −0.873% | $90K | $216K | 25x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0320% | 1h | 0.6486 | −0.619% | $17K | $20K | 20x | as long as short |
| Backpack MNT_USDC_PERP | +0.0769% | 1h | 0.6478 | −0.736% | $48K | $44K | 10x | as long as short |
Orderly PERP_MNT_USDC
Lighter MNT
BloFin MNT-USDT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP