MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0350%/8h= −38.3% APRnext payment −$0.44 per $10,000 · paid last 24h −0.064%

Price spread now: Injective against Backpack+2.192%72s7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.521%−$52 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 2.192% dearer against Backpack than usual: you sell high and buy low (spread +2.192% now, against zero (this spread has no 7-day history yet)): +$219 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 21 days. The two prices were read 72 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	Backpack MNT_USDC_PERP	0.6386	0.0383	pay 0.0048% / 1h	16m 09s	$41K	$61K	10x
Short	Injective MNT/USDC PERP	0.6526	0.0033	get 0.0004% / 1h	16m 09s	$3K	$210K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Backpack. 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 BackpackbpFee InjectivebpOrdersPrice spread, now +2.192%Rate

Funding earned: −$73.41
Price spread: +2.192% → 0.000%: $219.23
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $135.8
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Backpack: no order-book sample; 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 Backpack no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Backpack and 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	0.6389	+0.054%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6391	+0.078%	$767	—	150x	as long as short
Injective MNT/USDC PERPshort	+0.0033%	1h	0.6526	+2.192%	$3K	$210K	12x
ApeX Omni MNTUSDT	+0.0071%	1h	0.6387	+0.016%	$10K	$639K	50x	as long as short
Lighter MNT	+0.0096%	1h	0.6399	+0.208%	$145K	$89K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6391	+0.080%	$6.4M	$908K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6383	−0.047%	$41.9M	$15.1M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6379	−0.110%	$435K	$184K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6383	−0.047%	$2.4M	$107K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6385	−0.016%	—	$2.5M	—	as long as short

Show 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	−0.323%	$283K	$109K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6389	+0.047%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0109%	8h	0.6392	+0.094%	$90K	$222K	25x	as long as short
Backpack MNT_USDC_PERPlong	+0.0383%	1h	0.6386	long leg	$41K	$61K	10x
Kraken Futures PF_MNTUSD	+0.1014%	1h	0.6411	+0.387%	$16K	$39K	20x	as long as short