Funding you earn now, next payment 22:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.096%
Price spread now: Bybit against Lighter−0.300%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$860.855% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.300%, 7d avg −0.148%
=Together, before fees−0.195%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.152% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.148%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.309% in total (about -16.1% 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 | Lighter MNT | 0.6523 | 0.0632 | pay 0.0079% / 1h | 11m 29s | $140K | $70K | 5x |
| Short | Bybit MNTUSDT | 0.6503 | 0.0100 | get 0.0100% / 8h | 2h 11m | $42.9M | $13.6M | 25x |
Lighter MNT
Bybit MNTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- −$111.72
- Price spread: −0.300% → −0.148%
- −$15.24
- Slippage, 4 orders
- −$74.53
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$212.5
- Costs to cover
- 0.855%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Bybit: live order book, 7 min ago.
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 Lighter live order book, 2 min ago | 9.74 bp | 30.1 bp −$30 | 85.8 bp −$858 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 1.53 bp | 19.3 bp −$19 | 81.4 bp −$814 | doesn't fit | doesn't fit |
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 | 0.6506 | −0.251% | $19 | — | 100x | as long as short |
| Injective MNT/USDC PERP | −0.0092% | 1h | 0.6526 | +0.052% | $3K | $210K | 12x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6506 | −0.258% | $781 | — | 150x | as long as short |
| Bybit MNTUSDTshort | +0.0100% | 8h | 0.6503 | −0.300% | $42.9M | $13.6M | 25x | |
| Gate MNT_USDT | +0.0100% | 4h | 0.6494 | −0.438% | $413K | $115K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6502 | −0.316% | $2.5M | $593K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6503 | −0.300% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6513 | −0.144% | $293K | $117K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6512 | −0.163% | $11K | $640K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6512 | −0.163% | $1K | — | 10x | as long as short |
GMX MNT/USD [ETH-USDC]
Injective MNT/USDC PERP
gTrade (Gains Network) MNT/USD
Gate MNT_USDT
MEXC MNT_USDT
BingX MNT-USDT
Variational Omni MNT
ApeX Omni MNTUSDT
Orderly PERP_MNT_USDCShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MNT | +0.0119% | 1h | 0.6514 | −0.127% | $6.6M | $897K | 5x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6511 | −0.178% | $89K | $217K | 25x | as long as short |
| Kraken Futures PF_MNTUSD | +0.0228% | 1h | 0.6520 | −0.033% | $17K | $20K | 20x | as long as short |
| Lighter MNTlong | +0.0632% | 1h | 0.6523 | long leg | $140K | $70K | 5x | |
| Backpack MNT_USDC_PERP | +0.0672% | 1h | 0.6504 | −0.285% | $40K | $34K | 10x | as long as short |
Hyperliquid MNT
BloFin MNT-USDT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP