Funding you earn now, next payment 03:00 UTC−0.0236%/8h= −25.8% APRnext payment −$0.29 per $10,000 · paid last 24h −0.058%
Price spread now: Hyperliquid against Lighter−0.115%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.115%, 7d avg −0.024%
=Together, before fees+0.094%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hyperliquid is 0.092% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. 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 | 0.6497 | 0.0336 | pay 0.0042% / 1h | 18m 29s | $143K | $75K | 5x |
| Short | Hyperliquid MNT | 0.6489 | 0.0100 | get 0.0013% / 1h | 18m 29s | $6.6M | $878K | 5x |
Lighter MNT
Hyperliquid MNTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$49.56
- Price spread: −0.115% → −0.024%
- −$9.19
- Slippage, 4 orders
- −$74
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$141.75
- Costs to cover
- 0.830%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 26 min ago; Hyperliquid: live order book, 4 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, 26 min ago | 7.67 bp | 31.7 bp −$32 | 104.9 bp −$1,049 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.85 bp | 15.2 bp −$15 | doesn't fit | 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 | 0.6481 | −0.242% | $19 | — | 100x | as long as short |
| Kraken Futures PF_MNTUSD | −0.0446% | 1h | 0.6478 | −0.286% | $16K | $28K | 20x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6481 | −0.248% | $778 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +0.451% | $3K | $210K | 12x | as long as short |
| Hyperliquid MNTshort | +0.0100% | 1h | 0.6489 | −0.115% | $6.6M | $878K | 5x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6478 | −0.296% | $42.4M | $14.8M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6461 | −0.550% | $425K | $170K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6475 | −0.334% | $2.4M | $105K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6475 | −0.334% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6481 | −0.237% | $288K | $173K | — | as long as short |
GMX MNT/USD [ETH-USDC]
Kraken Futures PF_MNTUSD
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDT
Variational Omni MNTShow 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 | −0.195% | $11K | $645K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6481 | −0.242% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6482 | −0.226% | $90K | $212K | 25x | as long as short |
| Lighter MNTlong | +0.0336% | 1h | 0.6497 | long leg | $143K | $75K | 5x | |
| Backpack MNT_USDC_PERP | +0.0491% | 1h | 0.6479 | −0.272% | $44K | $56K | 10x | as long as short |
ApeX Omni MNTUSDT
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Backpack MNT_USDC_PERP