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: Injective against Lighter+0.569%96s7-day average +0.069% · you sell dearer than you buy
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)−2.483%−$248 · spread now +0.569%, 7d avg +0.069%
=Together, before fees−2.841%+ Points / potential airdropLighter: Season 3 · farm board−$284 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.500% dearer against Lighter than usual: you sell high and buy low (spread +0.569% now, against its 7-day average of +0.069%): +$50 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.358% in total) that is about 9.8 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 | Lighter MNT | 0.6489 | 0.0568 | pay 0.0071% / 1h | 59m 38s | $139K | $69K | 5x |
| Short | Injective MNT/USDC PERP | 0.6526 | −0.0092 | pay 0.0012% / 1h | 59m 38s | $3K | $210K | 12x |
Lighter MNT
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Lighter. 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: +0.569% → +0.069%
- $50.01
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$88.66
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 14 min ago; Injective: 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, 14 min ago | 9.74 bp | 30.1 bp −$30 | 85.8 bp −$858 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.261% | $19 | — | 100x | as long as short |
| Injective MNT/USDC PERPshort | −0.0092% | 1h | 0.6526 | +0.569% | $3K | $210K | 12x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6472 | −0.270% | $777 | — | 150x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6481 | −0.133% | $6.5M | $901K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6474 | −0.233% | $42.5M | $14.0M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6459 | −0.464% | $427K | $119K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6470 | −0.294% | $2.5M | $592K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6470 | −0.294% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6469 | −0.313% | $288K | $120K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6472 | −0.264% | $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 | −0.202% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6465 | −0.371% | $89K | $216K | 25x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0229% | 1h | 0.6485 | −0.061% | $17K | $20K | 20x | as long as short |
| Lighter MNTlong | +0.0568% | 1h | 0.6489 | long leg | $139K | $69K | 5x | |
| Backpack MNT_USDC_PERP | +0.0653% | 1h | 0.6469 | −0.310% | $49K | $44K | 10x | as long as short |
Orderly PERP_MNT_USDC
BloFin MNT-USDT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP