MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0375%/8h= −41.0% APRnext payment −$0.47 per $10,000 · paid last 24h −0.112%

Price spread now: Injective against Lighter+0.642%7-day average +0.111% · you sell dearer than you buy

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

Price spread, last 4 days (all we have)−2.556%−$256 · spread now +0.642%, 7d avg +0.111%

Together, before fees−2.935%+ Points / potential airdropLighter: Season 3 · farm board−$294 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.531% dearer against Lighter than usual: you sell high and buy low (spread +0.642% now, against its 7-day average of +0.111%): +$53 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.379% in total) that is about 9.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MNT	0.6484	0.0408	pay 0.0051% / 1h	0m 47s	$142K	$75K	5x
Short	Injective MNT/USDC PERP	0.6526	0.0033	get 0.0004% / 1h	0m 47s	$3K	$210K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.642%Rate

Funding earned: −$78.68
Price spread: +0.642% → +0.111%: $53.1
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$25.6
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 39 min ago; Injective: 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, 39 min ago	11.44 bp	31.7 bp −$32	100.8 bp −$1,008	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.6467	−0.273%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0565%	1h	0.6467	−0.274%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6467	−0.264%	$777	—	150x	as long as short
Injective MNT/USDC PERPshort	+0.0033%	1h	0.6526	+0.642%	$3K	$210K	12x
Hyperliquid MNT	+0.0100%	1h	0.6478	−0.105%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6467	−0.264%	$42.4M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6446	−0.592%	$434K	$175K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6463	−0.330%	$2.4M	$107K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6466	−0.284%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6466	−0.278%	$287K	$111K	—	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	0.6466	−0.284%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6462	−0.345%	$1K	—	10x	as long as short
Backpack MNT_USDC_PERP	+0.0157%	1h	0.6466	−0.284%	$40K	$55K	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6471	−0.207%	$90K	$214K	25x	as long as short
Lighter MNTlong	+0.0408%	1h	0.6484	long leg	$142K	$75K	5x