Funding you earn now, next payment 23:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.020%
Price spread now: BloFin against Injective−0.460%7-day average −0.141% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 3 days (all we have)+2.233%+$223 · spread now −0.460%, 7d avg −0.141%
=Funding pays, the price is against you. BloFin is 0.318% cheaper against Injective than usual: you would sell low and buy high (spread −0.460% now, against its 7-day average of −0.141%). If the spread goes back, that is −$32 on $10k: about 3.5 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.056% in total) that is about 40 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% 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 | Injective MNT/USDC PERP | 0.6526 | −0.0080 | get 0.0010% / 1h | 13m 57s | $3K | $210K | 12x |
| Short | BloFin MNT-USDT | 0.6496 | 0.0220 | get 0.0220% / 8h | 1h 13m | $89K | $223K | 25x |
Injective MNT/USDC PERP
BloFin MNT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $63.01
- Price spread: −0.460% → −0.141%
- −$31.84
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $19.15
- Costs to cover
- 0.120%
- Break-even
- 4.9 days
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 61 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 61 min ago | 0.77 bp | 11.0 bp −$11 | 46.4 bp −$464 | doesn't fit | doesn't fit |
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 | 0.6499 | −0.418% | $19 | — | 100x | as long as short |
| Injective MNT/USDC PERPlong | −0.0080% | 1h | 0.6526 | long leg | $3K | $210K | 12x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6500 | −0.406% | $780 | — | 150x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6508 | −0.277% | $6.5M | $919K | 5x | as long as short |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6496 | −0.458% | $42.6M | $14.0M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6474 | −0.797% | $415K | $130K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6495 | −0.475% | $2.5M | $596K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6494 | −0.490% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6493 | −0.510% | $291K | $123K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6494 | −0.490% | $10K | $635K | 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 | 0.6505 | −0.322% | $1K | — | 10x | as long as short |
| BloFin MNT-USDTshort | +0.0220% | 8h | 0.6496 | −0.460% | $89K | $223K | 25x | |
| Lighter MNT | +0.0272% | 1h | 0.6516 | −0.159% | $140K | $70K | 5x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0318% | 1h | 0.6524 | −0.030% | $17K | $20K | 20x | as long as short |
| Backpack MNT_USDC_PERP | +0.0754% | 1h | 0.6497 | −0.444% | $41K | $45K | 10x | as long as short |
Orderly PERP_MNT_USDC
Lighter MNT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP