Funding you earn now, next payment 22:00 UTC−0.0192%/8h= −21.1% APRpaid last 24h −0.008%
Price spread now: Injective against BingX+0.354%7-day average +0.226% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 3 days (all we have)−2.073%−$207 · spread now +0.354%, 7d avg +0.226%
=The price spread pays, funding is against you. Injective is 0.128% dearer against BingX than usual: you sell high and buy low (spread +0.354% now, against its 7-day average of +0.226%): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.059% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment. 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 | BingX MNT-USDT | 0.6503 | 0.0100 | pay 0.0100% / 8h | 2h 10m | — | $2.5M | — |
| Short | Injective MNT/USDC PERP | 0.6526 | −0.0092 | pay 0.0012% / 1h | 10m 54s | $3K | $210K | 12x |
BingX MNT-USDT
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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
- −$40.37
- Price spread: +0.354% → +0.226%
- $12.81
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$37.58
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago | 2.30 bp | 17.6 bp −$18 | 49.0 bp −$490 | 212.6 bp −$21.3K | 835.4 bp −$417.7K |
| 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 | 0.6504 | +0.019% | $19 | — | 100x | as long as short |
| Injective MNT/USDC PERPshort | −0.0092% | 1h | 0.6526 | +0.354% | $3K | $210K | 12x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6506 | +0.043% | $781 | — | 150x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6504 | +0.015% | $42.9M | $13.6M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6494 | −0.138% | $413K | $115K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6502 | −0.015% | $2.5M | $593K | 100x | as long as short |
| BingX MNT-USDTlong | +0.0100% | 8h | 0.6503 | long leg | — | $2.5M | — | |
| Variational Omni MNT | +0.0100% | 8h | 0.6513 | +0.157% | $293K | $117K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6512 | +0.138% | $11K | $640K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6512 | +0.138% | $1K | — | 10x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDT
Variational Omni MNT
ApeX Omni MNTUSDT
Orderly PERP_MNT_USDCShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MNT | +0.0121% | 1h | 0.6514 | +0.171% | $6.6M | $897K | 5x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6505 | +0.031% | $89K | $217K | 25x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0228% | 1h | 0.6521 | +0.282% | $17K | $20K | 20x | as long as short |
| Lighter MNT | +0.0632% | 1h | 0.6522 | +0.286% | $140K | $70K | 5x | as long as short |
| Backpack MNT_USDC_PERP | +0.0670% | 1h | 0.6503 | 0.000% | $40K | $34K | 10x | as long as short |
Hyperliquid MNT
BloFin MNT-USDT
Kraken Futures PF_MNTUSD
Lighter MNT
Backpack MNT_USDC_PERP