Settings8H · net · $10k
Funding arb · Price arb /

MNT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0693%/8h= +75.9% APRnext payment +$0.87 per $10,000 · paid last 24h +0.057%
Price spread now: Kraken Futures against Hyperliquid+0.179%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.179% dearer against Hyperliquid than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MNT0.64000.0100pay 0.0013% / 1h56m 20s$6.4M$918K5x
ShortKraken Futures PF_MNTUSD0.64120.0793get 0.0099% / 1h56m 20s$16K$39K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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

Funding earned
$145.47
Price spread: +0.179% → 0.000%
$17.88
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$144.35
Costs to cover
0.190%
Break-even
0.1 days
Slippage unknown: Hyperliquid: live order book, 6 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago1.63 bp16.3 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
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 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MNT/USD [ETH-USDC]L −0.2622% / S +0.0192%1h0.6395−0.074%$19100xas long as short
gTrade (Gains Network) MNT/USDL +0.0010% / S 0.0000%1h0.6397−0.055%$768150xas long as short
Injective MNT/USDC PERP+0.0033%1h0.6526+1.967%$3K$210K12xas long as short
Lighter MNT+0.0096%1h0.6410+0.153%$145K$89K5xas long as short
Hyperliquid MNTlong+0.0100%1h0.6400long leg$6.4M$918K5x
Bybit MNTUSDT+0.0100%8h0.6394−0.097%$42.0M$15.2M25xas long as short
Gate MNT_USDT+0.0100%4h0.6393−0.111%$444K$184K25xas long as short
MEXC MNT_USDC+0.0100%8h0.6394−0.095%$2.4M$105K125xas long as short
BingX MNT-USDT+0.0100%8h0.6396−0.064%$2.5Mas long as short
Backpack MNT_USDC_PERP+0.0100%1h0.6394−0.095%$40K$61K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MNT+0.0100%8h0.6406+0.097%$284K$109Kas long as short
ApeX Omni MNTUSDT+0.0100%1h0.6408+0.123%$11K$642K50xas long as short
Orderly PERP_MNT_USDC+0.0100%8h0.6408+0.123%$1K$7410xas long as short
BloFin MNT-USDT+0.0301%8h0.6399−0.017%$90K$223K25xas long as short
Kraken Futures PF_MNTUSDshort+0.0793%1h0.6412+0.179%$16K$39K20x