Funding you earn now, next payment 08:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.031%
Price spread now: BloFin against Injective−1.762%7-day average −0.251% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+3.655%+$366 · spread now −1.762%, 7d avg −0.251%
=Funding pays, the price is against you. BloFin is 1.511% cheaper against Injective than usual: you would sell low and buy high (spread −1.762% now, against its 7-day average of −0.251%). If the spread goes back, that is −$151 on $10k: about 19 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.069% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% 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 | Injective MNT/USDC PERP | 0.6526 | 0.0033 | pay 0.0004% / 1h | 15m 29s | $3K | $210K | 12x |
| Short | BloFin MNT-USDT | 0.6411 | 0.0304 | get 0.0304% / 8h | 15m 29s | $91K | $222K | 25x |
Injective MNT/USDC PERP
BloFin MNT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $56.75
- Price spread: −1.762% → −0.251%
- −$151.12
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$106.39
- Costs to cover
- 0.120%
- Break-even
- 20.1 days
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 56 min ago. 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 BloFin live order book, 56 min ago | 3.12 bp | 15.0 bp −$15 | 54.8 bp −$548 | doesn't fit | doesn't fit |
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 | 0.6424 | −1.565% | $19 | — | 100x | as long as short |
| Kraken Futures PF_MNTUSD | −0.0088% | 1h | 0.6435 | −1.402% | $16K | $40K | 20x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6423 | −1.579% | $771 | — | 150x | as long as short |
| Injective MNT/USDC PERPlong | +0.0033% | 1h | 0.6526 | long leg | $3K | $210K | 12x | |
| Lighter MNT | +0.0096% | 1h | 0.6434 | −1.407% | $146K | $90K | 5x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6427 | −1.519% | $6.4M | $924K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6421 | −1.609% | $42.2M | $15.2M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6418 | −1.655% | $451K | $177K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6417 | −1.670% | $2.4M | $109K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6416 | −1.686% | — | $2.6M | — | as long as short |
GMX MNT/USD [ETH-USDC]
Kraken Futures PF_MNTUSD
gTrade (Gains Network) MNT/USD
Lighter MNT
Hyperliquid MNT
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack MNT_USDC_PERP | +0.0100% | 1h | 0.6421 | −1.609% | $40K | $61K | 10x | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6421 | −1.617% | $287K | $112K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6418 | −1.655% | $11K | $636K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6421 | −1.609% | $1K | $74 | 10x | as long as short |
| BloFin MNT-USDTshort | +0.0304% | 8h | 0.6411 | −1.762% | $91K | $222K | 25x |
Backpack MNT_USDC_PERP
Variational Omni MNT
ApeX Omni MNTUSDT
Orderly PERP_MNT_USDC