MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.2722%/8h= +298.1% APRnext payment +$3.40 per $10,000 · paid last 24h +0.820%

Price spread now: Backpack against GMX−0.045%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Backpack is 0.045% cheaper against GMX than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 1 hour of funding at the current rate (+$82 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MNT/USD [ETH-USDC]	0.6388	L −0.2622% / S +0.0192%	get 0.0328% / 1h	31m 02s	$19	—	100x
Short	Backpack MNT_USDC_PERP	0.6385	0.0100	get 0.0013% / 1h	31m 02s	$40K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now −0.045%Rate

Funding earned: $571.65
Price spread: −0.045% → 0.000%: −$4.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $545.19
Costs to cover: 0.220%
Break-even: 0.3 days

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

GMX and Backpack: 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]long	L −0.2622% / S +0.0192%	1h	0.6388	long leg	$19	—	100x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+2.163%	$3K	$210K	12x	as long as short
BloFin MNT-USDT	+0.0090%	8h	0.6378	−0.154%	$90K	$222K	25x	as long as short
Lighter MNT	+0.0096%	1h	0.6402	+0.218%	$146K	$90K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6394	+0.098%	$6.4M	$919K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6382	−0.092%	$41.9M	$15.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6380	−0.123%	$443K	$184K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6382	−0.092%	$2.4M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6383	−0.076%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERPshort	+0.0100%	1h	0.6385	−0.045%	$40K	$61K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6378	−0.148%	$283K	$109K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6386	−0.029%	$10K	$639K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6395	+0.112%	$1K	$74	10x	as long as short
Kraken Futures PF_MNTUSD	+0.0796%	1h	0.6386	−0.022%	$16K	$39K	20x	as long as short