MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.050%

Price spread now: Backpack against Lighter−0.306%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Backpack is 0.306% cheaper against Lighter than usual: you would sell low and buy high (spread −0.306% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 6.1 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.152% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MNT	0.6570	0.0592	pay 0.0074% / 1h	19m 41s	$141K	$70K	5x
Short	Backpack MNT_USDC_PERP	0.6550	0.0760	get 0.0095% / 1h	19m 41s	$38K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee BackpackbpOrdersPrice spread, now −0.306%Rate

Funding earned: $35.21
Price spread: −0.306% → 0.000%: −$30.59
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$5.39
Costs to cover: 0.100%
Break-even: 8.1 days

Slippage unknown: Lighter: live order book, 35 min ago; 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 Lighter live order book, 35 min ago	7.58 bp	34.0 bp −$34	96.3 bp −$963	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	0.6552	−0.279%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6555	−0.233%	$787	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.671%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6554	−0.245%	$43.2M	$14.3M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6539	−0.473%	$424K	$157K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6550	−0.306%	$2.5M	$593K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6548	−0.336%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6557	−0.193%	$296K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6560	−0.154%	$11K	$637K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6558	−0.184%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MNT-USDT	+0.0220%	8h	0.6566	−0.062%	$90K	$222K	25x	as long as short
Hyperliquid MNT	+0.0237%	1h	0.6562	−0.122%	$6.7M	$979K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0588%	1h	0.6580	+0.147%	$17K	$20K	20x	as long as short
Lighter MNTlong	+0.0592%	1h	0.6570	long leg	$141K	$70K	5x
Backpack MNT_USDC_PERPshort	+0.0760%	1h	0.6550	−0.306%	$38K	$47K	10x