MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.060%

Price spread now: Lighter against Hyperliquid+0.101%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$830.834% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.101%, 7d avg +0.019%

Together, before fees−0.118%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.082% dearer against Hyperliquid than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MNT	0.6522	0.0100	pay 0.0013% / 1h	56m 20s	$6.7M	$1.0M	5x
Short	Lighter MNT	0.6529	0.0232	get 0.0029% / 1h	56m 20s	$140K	$68K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee HyperliquidbpFee LighterbpOrdersPrice spread, now +0.101%Rate

Funding earned: $27.72
Price spread: +0.101% → +0.019%: $8.19
Slippage, 4 orders: −$74.43
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$47.52
Costs to cover: 0.834%
Break-even: 19.0 days

Slippage from Hyperliquid: live order book, 6 min ago; Lighter: live order book, 64 min ago.

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 Hyperliquid live order book, 6 min ago	1.07 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 64 min ago	9.75 bp	10.9 bp −$11	83.6 bp −$836	doesn't fit	doesn't fit

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	0.6512	−0.165%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6512	−0.153%	$782	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.055%	$3K	$210K	12x	as long as short
MEXC MNT_USDT	+0.0037%	8h	0.6509	−0.205%	$2.5M	$581K	100x	as long as short
Hyperliquid MNTlong	+0.0100%	1h	0.6522	long leg	$6.7M	$1.0M	5x
Bybit MNTUSDT	+0.0100%	8h	0.6508	−0.218%	$42.9M	$14.5M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6494	−0.435%	$419K	$153K	25x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6506	−0.251%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6510	−0.196%	$294K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6511	−0.175%	$11K	$634K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6513	−0.144%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0181%	8h	0.6510	−0.190%	$89K	$219K	25x	as long as short
Lighter MNTshort	+0.0232%	1h	0.6529	+0.101%	$140K	$68K	5x
Backpack MNT_USDC_PERP	+0.0414%	1h	0.6511	−0.175%	$38K	$47K	10x	as long as short
Kraken Futures PF_MNTUSD	+0.0594%	1h	0.6510	−0.196%	$17K	$20K	20x	as long as short