Funding you earn now, next payment 03:00 UTC−0.0277%/8h= −30.3% APRnext payment −$0.35 per $10,000 · paid last 24h +0.051%
Price spread now: Lighter against Backpack+0.313%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.151%−$15 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
The price spread pays, funding is against you. Lighter is 0.313% dearer against Backpack than usual: you sell high and buy low (spread +0.313% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−0.151% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 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 | Backpack MNT_USDC_PERP | 0.6454 | 0.0509 | pay 0.0064% / 1h | 36m 54s | $44K | $56K | 10x |
| Short | Lighter MNT | 0.6474 | 0.0232 | get 0.0029% / 1h | 36m 54s | $142K | $75K | 5x |
Backpack MNT_USDC_PERP
Lighter MNTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. 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
- −$58.11
- Price spread: +0.313% → 0.000%
- $31.3
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$36.81
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: no order-book sample; Lighter: live order book, 8 min ago. 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 Lighter live order book, 8 min ago | 7.67 bp | 12.7 bp −$13 | 89.6 bp −$896 | doesn't fit | doesn't fit |
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 | 0.6459 | +0.075% | $19 | — | 100x | as long as short |
| Kraken Futures PF_MNTUSD | −0.0448% | 1h | 0.6454 | +0.004% | $16K | $28K | 20x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6459 | +0.081% | $776 | — | 150x | as long as short |
| ApeX Omni MNTUSDT | +0.0020% | 1h | 0.6458 | +0.062% | $11K | $642K | 50x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +1.116% | $3K | $210K | 12x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6466 | +0.187% | $6.6M | $879K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6459 | +0.077% | $42.3M | $14.8M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6432 | −0.341% | $424K | $170K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6456 | +0.031% | $2.4M | $103K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6453 | −0.015% | — | $2.5M | — | as long as short |
GMX MNT/USD [ETH-USDC]
Kraken Futures PF_MNTUSD
gTrade (Gains Network) MNT/USD
ApeX Omni MNTUSDT
Injective MNT/USDC PERP
Hyperliquid MNT
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MNT | +0.0100% | 8h | 0.6453 | −0.012% | $286K | $173K | — | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6459 | +0.077% | $1K | — | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6451 | −0.046% | $90K | $211K | 25x | as long as short |
| Lighter MNTshort | +0.0232% | 1h | 0.6474 | +0.313% | $142K | $75K | 5x | |
| Backpack MNT_USDC_PERPlong | +0.0509% | 1h | 0.6454 | long leg | $44K | $56K | 10x |
Variational Omni MNT
Orderly PERP_MNT_USDC
BloFin MNT-USDT