MNT

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.053%

7d average—if it closes, per $10,000$5funding while held, a day−$34.90

Long on Kraken Futures Short on Hyperliquid

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MNTUSD	0.6423	0.1434	pay 0.0179% / 1h	8m 04s	$17K	$13K	20x
Short	Hyperliquid MNT	0.6420	0.0270	get 0.0034% / 1h	8m 04s	$6.4M	$969K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Kraken FuturesbpFee HyperliquidbpOrdersClose when spread is

Spread captured: −$5.27
Funding while held: −$34.9
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$59.17
Spread needed to break even: 0.190%

Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.1163%
Per $10,000 a day: −$34.90
Average in range /8h: —

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 5 min ago	1.48 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit

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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective0.6052cheapest

Gate0.6403+5.800%BingX0.6406+5.849%Backpack0.6407+5.866%Bybit0.6407+5.872%BloFin0.6409+5.899%GMX0.6411+5.924%MEXC0.6411+5.932%gTrade (Gains Network)0.6412+5.952%Orderly0.6415+5.998%Variational Omni0.6419+6.068%

Hyperliquid0.6420+6.082%

Lighter0.6422+6.115%ApeX Omni0.6423+6.130%

Kraken Futures0.6423+6.138%

MNT on 15 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MNT/USDC PERP	−5.783%	+0.0033%	1h	$3K	$84K	12x	as long as short
Gate MNT_USDT	−0.319%	+0.0100%	4h	$408K	$126K	25x	as long as short
BingX MNT-USDT	−0.272%	+0.0100%	8h	—	$2.4M	—	as long as short
Backpack MNT_USDC_PERP	−0.257%	+0.0100%	1h	$52K	$36K	10x	as long as short
Bybit MNTUSDT	−0.250%	+0.0100%	8h	$42.1M	$13.1M	25x	as long as short
BloFin MNT-USDT	−0.225%	+0.0220%	8h	$92K	$191K	25x	as long as short
GMX MNT/USD [ETH-USDC]	−0.202%	L −0.2490% / S +0.0182%	1h	$19	—	100x	as long as short
MEXC MNT_USDT	−0.194%	+0.0100%	8h	$2.5M	$571K	100x	as long as short
gTrade (Gains Network) MNT/USD	−0.175%	L +0.0010% / S 0.0000%	1h	$770	—	150x	as long as short
Orderly PERP_MNT_USDC	−0.132%	+0.0100%	8h	$1K	—	10x	as long as short

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni MNT	−0.067%	+0.0100%	8h	$287K	$122K	—	as long as short
Hyperliquid MNTshort	−0.053%	+0.0270%	1h	$6.4M	$969K	5x
Lighter MNT	−0.022%	+0.0504%	1h	$132K	$67K	5x	as long as short
ApeX Omni MNTUSDT	−0.008%	+0.0100%	1h	$11K	$640K	50x	as long as short
Kraken Futures PF_MNTUSDlong	0.000%	+0.1434%	1h	$17K	$13K	20x