MNT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.18 per $10,000 · paid last 24h −0.058%

Price spread now: Hyperliquid against Lighter−0.128%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.128%, 7d avg −0.024%

Together, before fees+0.106%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.104% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MNT	0.6494	0.0240	pay 0.0030% / 1h	34m 57s	$143K	$75K	5x
Short	Hyperliquid MNT	0.6486	0.0100	get 0.0013% / 1h	34m 57s	$6.6M	$879K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee HyperliquidbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$29.4
Price spread: −0.128% → −0.024%: −$10.43
Slippage, 4 orders: −$67.96
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$116.79
Costs to cover: 0.770%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; Hyperliquid: 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, 10 min ago	7.67 bp	31.7 bp −$32	104.9 bp −$1,049	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	2.40 bp	15.2 bp −$15	doesn't fit	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	0.6476	−0.282%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0447%	1h	0.6469	−0.391%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6475	−0.289%	$777	—	150x	as long as short
ApeX Omni MNTUSDT	+0.0017%	1h	0.6456	−0.585%	$11K	$642K	50x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.493%	$3K	$210K	12x	as long as short
Hyperliquid MNTshort	+0.0100%	1h	0.6486	−0.128%	$6.6M	$879K	5x
Bybit MNTUSDT	+0.0100%	8h	0.6474	−0.308%	$42.4M	$14.8M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6447	−0.724%	$425K	$170K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6466	−0.431%	$2.4M	$103K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6473	−0.323%	—	$2.5M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6471	−0.351%	$287K	$173K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6476	−0.277%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6474	−0.308%	$90K	$212K	25x	as long as short
Lighter MNTlong	+0.0240%	1h	0.6494	long leg	$143K	$75K	5x
Backpack MNT_USDC_PERP	+0.0526%	1h	0.6473	−0.323%	$44K	$56K	10x	as long as short