Funding you earn now, next payment 01:00 UTC−0.0484%/8h= −53.0% APRpaid last 24h −0.106%
Price spread now: Bybit against Lighter−0.218%7-day average −0.154% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$900.898% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.218%, 7d avg −0.154%
=Together, before fees−0.251%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.064% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.154%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.321% in total (about -16.8% 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 | Lighter MNT | 0.6547 | 0.0584 | pay 0.0073% / 1h | 17m 45s | $140K | $70K | 5x |
| Short | Bybit MNTUSDT | 0.6533 | 0.0100 | get 0.0100% / 8h | 7h 17m | $43.1M | $14.4M | 25x |
Lighter MNT
Bybit MNTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- −$101.64
- Price spread: −0.218% → −0.154%
- −$6.4
- Slippage, 4 orders
- −$78.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$197.81
- Costs to cover
- 0.898%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 37 min ago; Bybit: live order book, 1 min ago.
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, 37 min ago | 7.58 bp | 34.0 bp −$34 | 96.3 bp −$963 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.53 bp | 20.6 bp −$21 | 86.9 bp −$869 | doesn't fit | doesn't fit |
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 | 0.6537 | −0.154% | $19 | — | 100x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6540 | −0.107% | $785 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | −0.325% | $3K | $210K | 12x | as long as short |
| Bybit MNTUSDTshort | +0.0100% | 8h | 0.6533 | −0.218% | $43.1M | $14.4M | 25x | |
| Gate MNT_USDT | +0.0100% | 4h | 0.6522 | −0.386% | $423K | $157K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6538 | −0.142% | $2.5M | $593K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6533 | −0.218% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6557 | +0.155% | $296K | $168K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6560 | +0.194% | $11K | $637K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6543 | −0.066% | $1K | — | 10x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MNT-USDT | +0.0220% | 8h | 0.6550 | +0.041% | $89K | $222K | 25x | as long as short |
| Hyperliquid MNT | +0.0237% | 1h | 0.6543 | −0.058% | $6.7M | $979K | 5x | as long as short |
| Lighter MNTlong | +0.0584% | 1h | 0.6547 | long leg | $140K | $70K | 5x | |
| Kraken Futures PF_MNTUSD | +0.0589% | 1h | 0.6565 | +0.267% | $17K | $20K | 20x | as long as short |
| Backpack MNT_USDC_PERP | +0.0737% | 1h | 0.6533 | −0.218% | $38K | $47K | 10x | as long as short |
BloFin MNT-USDT
Hyperliquid MNT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP