MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.051%

Price spread now: Backpack against Lighter−0.281%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.281% cheaper against Lighter than usual: you would sell low and buy high, −$28 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MNT	0.6401	0.0096	pay 0.0012% / 1h	31m 24s	$146K	$90K	5x
Short	Backpack MNT_USDC_PERP	0.6383	0.0100	get 0.0013% / 1h	31m 24s	$40K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter. 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 LighterbpFee BackpackbpOrdersPrice spread, now −0.281%Rate

Funding earned: $0.84
Price spread: −0.281% → 0.000%: −$28.12
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$37.28
Costs to cover: 0.100%
Break-even: 317.7 days

Slippage unknown: Lighter: live order book, 58 min ago; 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 Lighter live order book, 58 min ago	9.06 bp	41.6 bp −$42	107.0 bp −$1,070	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	0.6386	−0.227%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6386	−0.230%	$767	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.953%	$3K	$210K	12x	as long as short
Lighter MNTlong	+0.0096%	1h	0.6401	long leg	$146K	$90K	5x
Hyperliquid MNT	+0.0100%	1h	0.6394	−0.111%	$6.4M	$919K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6385	−0.250%	$41.9M	$15.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6380	−0.328%	$443K	$184K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6382	−0.297%	$2.4M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6382	−0.297%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERPshort	+0.0100%	1h	0.6383	−0.281%	$40K	$61K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6378	−0.353%	$283K	$109K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6386	−0.234%	$10K	$639K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6395	−0.094%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0125%	8h	0.6389	−0.187%	$90K	$222K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0796%	1h	0.6386	−0.240%	$16K	$39K	20x	as long as short