MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0177%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h −0.075%

Price spread now: Backpack against Kraken Futures−0.197%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Backpack

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. Backpack is 0.197% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.197% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 3.7 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MNTUSD	0.6508	0.0649	pay 0.0081% / 1h	23m 56s	$17K	$20K	20x
Short	Backpack MNT_USDC_PERP	0.6495	0.0825	get 0.0103% / 1h	23m 56s	$40K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Kraken Futures. 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 Kraken FuturesbpFee BackpackbpOrdersPrice spread, now −0.197%Rate

Funding earned: $37.07
Price spread: −0.197% → 0.000%: −$19.65
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$2.58
Costs to cover: 0.200%
Break-even: 7.5 days

Slippage unknown: Kraken Futures: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Kraken Futures 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	0.6499	−0.137%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6500	−0.115%	$780	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.280%	$3K	$210K	12x	as long as short
ApeX Omni MNTUSDT	+0.0067%	1h	0.6497	−0.166%	$10K	$631K	50x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6509	+0.011%	$6.6M	$972K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6498	−0.150%	$42.8M	$14.5M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6474	−0.519%	$405K	$148K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6496	−0.181%	$2.5M	$586K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6491	−0.258%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6511	+0.045%	$294K	$169K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6506	−0.028%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6505	−0.043%	$89K	$218K	25x	as long as short
Lighter MNT	+0.0448%	1h	0.6516	+0.132%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSDlong	+0.0649%	1h	0.6508	long leg	$17K	$20K	20x
Backpack MNT_USDC_PERPshort	+0.0825%	1h	0.6495	−0.197%	$40K	$46K	10x