Funding you earn now, next payment 05:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.031%
Price spread now: Injective against BloFin+0.230%7-day average +0.198% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)−2.004%−$200 · spread now +0.230%, 7d avg +0.198%
=The price spread pays, funding is against you. Injective is 0.032% dearer against BloFin than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.198%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.069% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% a year). A funding rate is set anew for every payment. 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 | BloFin MNT-USDT | 0.6511 | 0.0220 | pay 0.0220% / 8h | 3h 24m | $90K | $216K | 25x |
| Short | Injective MNT/USDC PERP | 0.6526 | 0.0033 | get 0.0004% / 1h | 24m 50s | $3K | $210K | 12x |
BloFin MNT-USDT
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$39.2
- Price spread: +0.230% → +0.198%
- $3.2
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$48.02
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 66 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 BloFin live order book, 66 min ago | 1.55 bp | 15.9 bp −$16 | 54.5 bp −$545 | 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 | 0.6516 | +0.069% | $19 | — | 100x | as long as short |
| Kraken Futures PF_MNTUSD | −0.0732% | 1h | 0.6527 | +0.251% | $17K | $39K | 20x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6516 | +0.080% | $782 | — | 150x | as long as short |
| Injective MNT/USDC PERPshort | +0.0033% | 1h | 0.6526 | +0.230% | $3K | $210K | 12x | |
| Hyperliquid MNT | +0.0100% | 1h | 0.6525 | +0.220% | $6.7M | $887K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6513 | +0.037% | $42.9M | $14.7M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6505 | −0.092% | $445K | $173K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6511 | 0.000% | $2.4M | $105K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6513 | +0.031% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6516 | +0.081% | $289K | $110K | — | as long as short |
GMX MNT/USD [ETH-USDC]
Kraken Futures PF_MNTUSD
gTrade (Gains Network) MNT/USD
Hyperliquid MNT
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDT
Variational Omni MNTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6524 | +0.200% | $11K | $639K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6526 | +0.230% | $1K | $74 | 10x | as long as short |
| BloFin MNT-USDTlong | +0.0220% | 8h | 0.6511 | long leg | $90K | $216K | 25x | |
| Lighter MNT | +0.0448% | 1h | 0.6533 | +0.344% | $149K | $84K | 5x | as long as short |
| Backpack MNT_USDC_PERP | +0.0655% | 1h | 0.6513 | +0.031% | $37K | $58K | 10x | as long as short |
ApeX Omni MNTUSDT
Orderly PERP_MNT_USDC
Lighter MNT
Backpack MNT_USDC_PERP