Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.054%
Price spread now: Hyperliquid against Injective+0.277%73s7-day average −0.097% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 3 days (all we have)+1.617%+$162 · spread now +0.277%, 7d avg −0.097%
=Together, before fees+1.987%+ Points / potential airdropHyperliquid: Season 2 · farm board+$199 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.374% dearer against Injective than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.097%. The two prices were read 73 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 | 52m 03s | $3K | $210K | 12x |
| Short | Hyperliquid MNT | 0.6544 | 0.0100 | get 0.0013% / 1h | 52m 03s | $6.6M | $930K | 5x |
Injective MNT/USDC PERP
Hyperliquid MNTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $14
- Price spread: +0.277% → −0.097%
- $37.42
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $42.4
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago | 1.31 bp | 15.5 bp −$15 | doesn't fit | 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 | 0.6535 | +0.139% | $19 | — | 100x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6535 | +0.139% | $785 | — | 150x | as long as short |
| Injective MNT/USDC PERPlong | +0.0033% | 1h | 0.6526 | long leg | $3K | $210K | 12x | |
| Hyperliquid MNTshort | +0.0100% | 1h | 0.6544 | +0.277% | $6.6M | $930K | 5x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6534 | +0.126% | $42.9M | $14.2M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6519 | −0.107% | $410K | $145K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6531 | +0.077% | $2.5M | $585K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6530 | +0.061% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6508 | −0.282% | $272K | $146K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6507 | −0.291% | $11K | $633K | 50x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDT
BingX MNT-USDT
Variational Omni MNT
ApeX Omni MNTUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6535 | +0.138% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6528 | +0.031% | $89K | $219K | 25x | as long as short |
| Lighter MNT | +0.0248% | 1h | 0.6551 | +0.389% | $140K | $68K | 5x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0646% | 1h | 0.6534 | +0.117% | $17K | $20K | 20x | as long as short |
| Backpack MNT_USDC_PERP | +0.0980% | 1h | 0.6533 | +0.107% | $41K | $46K | 10x | as long as short |
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Lighter MNT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP