MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.068%

Price spread now: Injective against Backpack+1.477%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.515%−$52 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.477% dearer against Backpack than usual: you sell high and buy low (spread +1.477% now, against zero (this spread has no 7-day history yet)): +$148 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.515% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MNT_USDC_PERP	0.6431	0.0100	pay 0.0013% / 1h	58m 49s	$40K	$61K	10x
Short	Injective MNT/USDC PERP	0.6526	0.0033	get 0.0004% / 1h	58m 49s	$3K	$210K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BackpackbpFee InjectivebpOrdersPrice spread, now +1.477%Rate

Funding earned: −$14
Price spread: +1.477% → 0.000%: $147.72
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $123.7
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Backpack: no order-book sample; 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 Backpack no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Backpack and 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	0.6428	−0.041%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6429	−0.026%	$772	—	150x	as long as short
Injective MNT/USDC PERPshort	+0.0033%	1h	0.6526	+1.477%	$3K	$210K	12x
Lighter MNT	+0.0096%	1h	0.6450	+0.288%	$146K	$87K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6442	+0.177%	$6.4M	$924K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6434	+0.047%	$42.4M	$15.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6422	−0.140%	$451K	$176K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6430	−0.016%	$2.4M	$103K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6432	+0.016%	—	$2.6M	—	as long as short
Backpack MNT_USDC_PERPlong	+0.0100%	1h	0.6431	long leg	$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	0.6427	−0.060%	$288K	$112K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6430	−0.016%	$11K	$637K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6438	+0.109%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0302%	8h	0.6432	+0.016%	$91K	$216K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.1530%	1h	0.6440	+0.145%	$16K	$40K	20x	as long as short