MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0722%/8h= +79.1% APRnext payment +$0.90 per $10,000 · paid last 24h +0.132%

Price spread now: Kraken Futures against Backpack+0.409%51s7-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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Kraken Futures is 0.409% dearer against Backpack than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MNT_USDC_PERP	0.6590	0.0781	pay 0.0098% / 1h	8m 15s	$34K	$63K	10x
Short	Kraken Futures PF_MNTUSD	0.6617	0.1504	get 0.0188% / 1h	8m 15s	$17K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Backpack. 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 BackpackbpFee Kraken FuturesbpOrdersPrice spread, now +0.409%Rate

Funding earned: $151.66
Price spread: +0.409% → 0.000%: $40.94
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $172.61
Costs to cover: 0.200%
Break-even: from the start

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

Backpack and Kraken Futures: 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 exchanges

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	0.6586	−0.055%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6587	−0.043%	$791	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.971%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6595	+0.080%	$6.7M	$738K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6586	−0.061%	$43.8M	$14.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6580	−0.152%	$441K	$176K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6585	−0.076%	$2.4M	$531K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6585	−0.076%	—	$2.6M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6584	−0.096%	$295K	$100K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6588	−0.030%	$11K	$642K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6589	−0.015%	$1K	$74	10x	as long as short
Lighter MNT	+0.0256%	1h	0.6603	+0.190%	$153K	$75K	5x	as long as short
BloFin MNT-USDT	+0.0322%	8h	0.6591	+0.015%	$92K	$115K	25x	as long as short
Backpack MNT_USDC_PERPlong	+0.0781%	1h	0.6590	long leg	$34K	$63K	10x
Kraken Futures PF_MNTUSDshort	+0.1504%	1h	0.6617	+0.409%	$17K	$36K	20x