MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.068%

Price spread now: Backpack against Injective−2.176%72s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.518%+$52 on $10k

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 2.176% cheaper against Injective than usual: you would sell low and buy high (spread −2.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$218 on $10k: about 4 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.518% in total) that is about 29 days. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MNT/USDC PERP	0.6526	0.0033	pay 0.0004% / 1h	33m 44s	$3K	$210K	12x
Short	Backpack MNT_USDC_PERP	0.6384	0.0100	get 0.0013% / 1h	33m 44s	$40K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BackpackbpOrdersPrice spread, now −2.176%Rate

Funding earned: $14
Price spread: −2.176% → 0.000%: −$217.59
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$213.61
Costs to cover: 0.100%
Break-even: 113.8 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Injective 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 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	0.6385	−2.165%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6386	−2.152%	$767	—	150x	as long as short
Injective MNT/USDC PERPlong	+0.0033%	1h	0.6526	long leg	$3K	$210K	12x
Lighter MNT	+0.0096%	1h	0.6405	−1.860%	$146K	$90K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6394	−2.015%	$6.4M	$919K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6389	−2.095%	$41.9M	$15.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6380	−2.237%	$443K	$184K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6383	−2.191%	$2.4M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6389	−2.099%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERPshort	+0.0100%	1h	0.6384	−2.176%	$40K	$61K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6378	−2.262%	$283K	$109K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6382	−2.207%	$10K	$639K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6395	−2.007%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0124%	8h	0.6377	−2.283%	$90K	$222K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0796%	1h	0.6383	−2.188%	$16K	$39K	20x	as long as short