MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0920%/8h= +100.8% APRnext payment +$1.15 per $10,000 · paid last 24h −0.055%

Price spread now: Backpack against Kraken Futures−0.016%51s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$28 a day on $10k at the current rate. The two prices were read 51 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	Kraken Futures PF_MNTUSD	0.6477	−0.0446	get 0.0056% / 1h	16m 18s	$16K	$28K	20x
Short	Backpack MNT_USDC_PERP	0.6476	0.0474	get 0.0059% / 1h	16m 18s	$44K	$56K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Kraken Futures. 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 Kraken FuturesbpFee BackpackbpOrdersPrice spread, now −0.016%Rate

Funding earned: $193.29
Price spread: −0.016% → 0.000%: −$1.56
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $171.73
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Kraken Futures and 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	0.6480	+0.042%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSDlong	−0.0446%	1h	0.6477	long leg	$16K	$28K	20x
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6480	+0.043%	$778	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.756%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6490	+0.196%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6476	−0.014%	$42.4M	$14.8M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6469	−0.124%	$428K	$171K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6474	−0.046%	$2.4M	$105K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6476	−0.016%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6481	+0.066%	$288K	$173K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6484	+0.108%	$11K	$645K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6485	+0.123%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6483	+0.092%	$91K	$212K	25x	as long as short
Lighter MNT	+0.0336%	1h	0.6496	+0.296%	$143K	$75K	5x	as long as short
Backpack MNT_USDC_PERPshort	+0.0474%	1h	0.6476	−0.016%	$44K	$56K	10x