Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.006%
Price spread now: Injective against MEXC+2.385%85s7-day average +0.319% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)−4.119%−$412 · spread now +2.385%, 7d avg +0.319%
=The price spread pays, funding is against you. Injective is 2.065% dearer against MEXC than usual: you sell high and buy low (spread +2.385% now, against its 7-day average of +0.319%): +$207 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.050% in total) that is about 10 months. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MNT_USDC | 0.6374 | 0.0100 | pay 0.0100% / 8h | 2h 19m | $2.4M | $107K | 125x |
| Short | Injective MNT/USDC PERP | 0.6526 | 0.0033 | get 0.0004% / 1h | 19m 49s | $3K | $210K | 12x |
MEXC MNT_USDC
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- −$14
- Price spread: +2.385% → +0.319%
- $206.53
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $184.51
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 1.57 bp | 10.3 bp −$10 | 59.6 bp −$596 | 205.1 bp −$20.5K | 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 | 0.6379 | +0.083% | $19 | — | 100x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6379 | +0.071% | $766 | — | 150x | as long as short |
| Injective MNT/USDC PERPshort | +0.0033% | 1h | 0.6526 | +2.385% | $3K | $210K | 12x | |
| ApeX Omni MNTUSDT | +0.0066% | 1h | 0.6358 | −0.251% | $10K | $639K | 50x | as long as short |
| Lighter MNT | +0.0096% | 1h | 0.6391 | +0.275% | $145K | $89K | 5x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6382 | +0.132% | $6.4M | $901K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6379 | +0.078% | $41.9M | $15.1M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6363 | −0.173% | $434K | $183K | 25x | as long as short |
| MEXC MNT_USDClong | +0.0100% | 8h | 0.6374 | long leg | $2.4M | $107K | 125x | |
| BingX MNT-USDT | +0.0100% | 8h | 0.6380 | +0.094% | — | $2.5M | — | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
ApeX Omni MNTUSDT
Lighter MNT
Hyperliquid MNT
Bybit MNTUSDT
Gate MNT_USDT
BingX MNT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MNT | +0.0100% | 8h | 0.6365 | −0.135% | $283K | $109K | — | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6381 | +0.110% | $1K | $74 | 10x | as long as short |
| BloFin MNT-USDT | +0.0101% | 8h | 0.6361 | −0.204% | $90K | $221K | 25x | as long as short |
| Backpack MNT_USDC_PERP | +0.0366% | 1h | 0.6377 | +0.047% | $42K | $60K | 10x | as long as short |
| Kraken Futures PF_MNTUSD | +0.1015% | 1h | 0.6405 | +0.492% | $16K | $39K | 20x | as long as short |
Variational Omni MNT
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Backpack MNT_USDC_PERP
Kraken Futures PF_MNTUSD