MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1178%/8h= −129.0% APRnext payment −$1.47 per $10,000 · paid last 24h +0.057%

Price spread now: Kraken Futures against Backpack−0.020%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$35 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MNT_USDC_PERP	0.6412	0.0727	pay 0.0091% / 1h	57m 59s	$45K	$55K	10x
Short	Kraken Futures PF_MNTUSD	0.6411	−0.0451	pay 0.0056% / 1h	57m 59s	$16K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Kraken FuturesbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$247.34
Price spread: −0.020% → 0.000%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$269.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—

Backpack and Kraken Futures: 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 14 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	0.6414	+0.032%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSDshort	−0.0451%	1h	0.6411	−0.020%	$16K	$28K	20x
ApeX Omni MNTUSDT	−0.0088%	1h	0.6398	−0.218%	$11K	$641K	50x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6415	+0.039%	$770	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.778%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6421	+0.142%	$6.6M	$919K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6407	−0.078%	$42.0M	$14.6M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6401	−0.172%	$416K	$166K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6407	−0.078%	$2.4M	$102K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6406	−0.094%	—	$2.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6395	−0.259%	$284K	$173K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6420	+0.125%	$1K	—	10x	as long as short
Lighter MNT	+0.0104%	1h	0.6431	+0.293%	$140K	$74K	5x	as long as short
Backpack MNT_USDC_PERPlong	+0.0727%	1h	0.6412	long leg	$45K	$55K	10x