Funding you earn now, next payment 02:00 UTC−0.0284%/8h= −31.1% APRnext payment −$0.35 per $10,000 · paid last 24h −0.068%
Price spread now: Hyperliquid against Kraken Futures−0.223%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hyperliquid is 0.223% cheaper against Kraken Futures than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MNTUSD | 0.6427 | 0.0384 | pay 0.0048% / 1h | 53m 33s | $16K | $20K | 20x |
| Short | Hyperliquid MNT | 0.6413 | 0.0100 | get 0.0013% / 1h | 53m 33s | $6.6M | $939K | 5x |
Kraken Futures PF_MNTUSD
Hyperliquid MNTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$59.62
- Price spread: −0.223% → 0.000%
- −$22.33
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$100.95
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 9 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 0.77 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: 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 | 0.6401 | −0.399% | $19 | — | 100x | as long as short |
| ApeX Omni MNTUSDT | −0.0584% | 1h | 0.6444 | +0.265% | $11K | $637K | 50x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S −0.0008% | 1h | 0.6402 | −0.386% | $12K | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +1.541% | $3K | $210K | 12x | as long as short |
| Hyperliquid MNTshort | +0.0100% | 1h | 0.6413 | −0.223% | $6.6M | $939K | 5x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6417 | −0.155% | $42.2M | $14.7M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6392 | −0.544% | $412K | $161K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6400 | −0.419% | $2.4M | $102K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6400 | −0.419% | — | $2.5M | — | as long as short |
| Backpack MNT_USDC_PERP | +0.0100% | 1h | 0.6404 | −0.357% | $40K | $49K | 10x | as long as short |
GMX MNT/USD [ETH-USDC]
ApeX Omni MNTUSDT
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDT
Backpack MNT_USDC_PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MNT | +0.0100% | 8h | 0.6416 | −0.178% | $285K | $173K | — | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6412 | −0.233% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6400 | −0.419% | $89K | $223K | 25x | as long as short |
| Lighter MNT | +0.0224% | 1h | 0.6424 | −0.051% | $138K | $71K | 5x | as long as short |
| Kraken Futures PF_MNTUSDlong | +0.0384% | 1h | 0.6427 | long leg | $16K | $20K | 20x |
Variational Omni MNT
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Lighter MNT