Funding you earn now, next payment 22:00 UTC+0.0660%/8h= +72.3% APRnext payment +$0.83 per $10,000 · paid last 24h +0.102%
Price spread now: Lighter against Injective−0.565%96s7-day average −0.069% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.358%+$36 on $10k
+Price spread, last 3 days (all we have)+2.480%+$248 · spread now −0.565%, 7d avg −0.069%
=Together, before fees+2.838%+ Points / potential airdropLighter: Season 3 · farm board+$284 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.497% cheaper against Injective than usual: you would sell low and buy high (spread −0.565% now, against its 7-day average of −0.069%). If the spread goes back, that is −$50 on $10k: about 2.5 days of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.358% in total) that is about 9.7 days. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.358% in total (about 18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.83 per $10,000. 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 | −0.0092 | get 0.0012% / 1h | 59m 48s | $3K | $210K | 12x |
| Short | Lighter MNT | 0.6489 | 0.0568 | get 0.0071% / 1h | 59m 48s | $139K | $69K | 5x |
Injective MNT/USDC PERP
Lighter MNTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $138.65
- Price spread: −0.565% → −0.069%
- −$49.69
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $88.94
- Costs to cover
- 0.000%
- Break-even
- 2.5 days
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 14 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 Lighter live order book, 14 min ago | 9.74 bp | 14.9 bp −$15 | 82.9 bp −$829 | 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 | 0.6472 | −0.825% | $19 | — | 100x | as long as short |
| Injective MNT/USDC PERPlong | −0.0092% | 1h | 0.6526 | long leg | $3K | $210K | 12x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6472 | −0.834% | $777 | — | 150x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6481 | −0.697% | $6.5M | $901K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6471 | −0.843% | $42.5M | $14.0M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6459 | −1.027% | $427K | $126K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6469 | −0.873% | $2.5M | $606K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6470 | −0.858% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6469 | −0.877% | $288K | $120K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6471 | −0.843% | $10K | $639K | 50x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Hyperliquid MNT
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 | 0.6476 | −0.766% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6465 | −0.935% | $89K | $216K | 25x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0229% | 1h | 0.6485 | −0.627% | $17K | $20K | 20x | as long as short |
| Lighter MNTshort | +0.0568% | 1h | 0.6489 | −0.565% | $139K | $69K | 5x | |
| Backpack MNT_USDC_PERP | +0.0653% | 1h | 0.6469 | −0.873% | $49K | $44K | 10x | as long as short |
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP