MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0759%/8h= +83.1% APRnext payment +$0.95 per $10,000 · paid last 24h +0.131%

Price spread now: Kraken Futures against Injective−1.686%63s7-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 Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 1.686% cheaper against Injective than usual: you would sell low and buy high (spread −1.686% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$169 on $10k: about 7.4 days of funding at the current rate (+$23 a day). The two prices were read 63 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	14m 13s	$3K	$210K	12x
Short	Kraken Futures PF_MNTUSD	0.6416	0.0792	get 0.0099% / 1h	14m 13s	$16K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −1.686%Rate

Funding earned: $159.35
Price spread: −1.686% → 0.000%: −$168.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$19.23
Costs to cover: 0.100%
Break-even: 7.8 days

Slippage unknown: Injective: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Injective and 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.

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	0.6417	−1.670%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6419	−1.644%	$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	0.6432	−1.447%	$146K	$90K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6424	−1.557%	$6.4M	$919K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6418	−1.656%	$42.1M	$15.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6399	−1.946%	$444K	$184K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6415	−1.701%	$2.4M	$107K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6416	−1.686%	—	$2.6M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6416	−1.686%	$40K	$61K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6418	−1.657%	$284K	$109K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6421	−1.609%	$11K	$639K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6419	−1.640%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0304%	8h	0.6421	−1.609%	$90K	$224K	25x	as long as short
Kraken Futures PF_MNTUSDshort	+0.0792%	1h	0.6416	−1.686%	$16K	$39K	20x