Funding you earn now, next payment 22:00 UTC−0.0192%/8h= −21.1% APRpaid last 24h −0.006%
Price spread now: Injective against Bybit+0.866%78s7-day average +0.216% · 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 3 days (all we have)−2.553%−$255 · spread now +0.866%, 7d avg +0.216%
=The price spread pays, funding is against you. Injective is 0.650% dearer against Bybit than usual: you sell high and buy low (spread +0.866% now, against its 7-day average of +0.216%): +$65 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.050% in total) that is about 3 months. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% 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 | Bybit MNTUSDT | 0.6470 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $42.5M | $14.0M | 25x |
| Short | Injective MNT/USDC PERP | 0.6526 | −0.0092 | pay 0.0012% / 1h | 4m 03s | $3K | $210K | 12x |
Bybit MNTUSDT
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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: +0.866% → +0.216%
- $64.95
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $13.56
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 0.77 bp | 24.9 bp −$25 | 67.3 bp −$673 | 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 | 0.6472 | +0.029% | $19 | — | 100x | as long as short |
| Injective MNT/USDC PERPshort | −0.0092% | 1h | 0.6526 | +0.866% | $3K | $210K | 12x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6471 | +0.020% | $777 | — | 150x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6480 | +0.156% | $6.5M | $901K | 5x | as long as short |
| Bybit MNTUSDTlong | +0.0100% | 8h | 0.6470 | long leg | $42.5M | $14.0M | 25x | |
| Gate MNT_USDT | +0.0100% | 4h | 0.6453 | −0.263% | $427K | $126K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6466 | −0.062% | $2.5M | $598K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6468 | −0.031% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6471 | +0.019% | $288K | $120K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6502 | +0.495% | $11K | $639K | 50x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Hyperliquid MNT
Gate MNT_USDT
MEXC MNT_USDT
BingX MNT-USDT
Variational Omni MNT
ApeX Omni MNTUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6472 | +0.031% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6468 | −0.031% | — | $216K | 25x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0229% | 1h | 0.6481 | +0.174% | $17K | $20K | 20x | as long as short |
| Lighter MNT | +0.0608% | 1h | 0.6486 | +0.255% | $139K | $70K | 5x | as long as short |
| Backpack MNT_USDC_PERP | +0.0645% | 1h | 0.6470 | 0.000% | $50K | $43K | 10x | as long as short |
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Kraken Futures PF_MNTUSD
Lighter MNT
Backpack MNT_USDC_PERP