Funding you earn now, next payment 01:00 UTC−0.0495%/8h= −54.2% APRnext payment −$0.62 per $10,000 · paid last 24h −0.115%
Price spread now: Injective against Lighter−0.600%96s7-day average +0.074% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.374%−$37 on $10k
+Price spread, last 3 days (all we have)−1.330%−$133 · spread now −0.600%, 7d avg +0.074%
=Together, before fees−1.704%+ Points / potential airdropLighter: Season 3 · farm board−$170 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 0.674% cheaper against Lighter than usual: you would sell low and buy high (−$67 if the spread goes back to its 7-day average of +0.074%). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MNT | 0.6565 | 0.0528 | pay 0.0066% / 1h | 31m 45s | $141K | $70K | 5x |
| Short | Injective MNT/USDC PERP | 0.6526 | 0.0033 | get 0.0004% / 1h | 31m 45s | $3K | $210K | 12x |
Lighter MNT
Injective MNT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$103.88
- Price spread: −0.600% → +0.074%
- −$67.42
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$171.32
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 23 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 Lighter live order book, 23 min ago | 7.58 bp | 34.0 bp −$34 | 96.3 bp −$963 | 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 | 0.6537 | −0.440% | $19 | — | 100x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6539 | −0.406% | $785 | — | 150x | as long as short |
| Injective MNT/USDC PERPshort | +0.0033% | 1h | 0.6526 | −0.600% | $3K | $210K | 12x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6547 | −0.280% | $43.1M | $14.4M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6525 | −0.615% | $423K | $155K | 25x | as long as short |
| MEXC MNT_USDT | +0.0100% | 8h | 0.6542 | −0.356% | $2.5M | $587K | 100x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6547 | −0.280% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6538 | −0.410% | $295K | $168K | — | as long as short |
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6539 | −0.402% | $11K | $637K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6546 | −0.295% | $1K | — | 10x | as long as short |
GMX MNT/USD [ETH-USDC]
gTrade (Gains Network) MNT/USD
Bybit MNTUSDT
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 | +0.0204% | 1h | 0.6558 | −0.114% | $6.7M | $994K | 5x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6535 | −0.463% | $89K | $219K | 25x | as long as short |
| Lighter MNTlong | +0.0528% | 1h | 0.6565 | long leg | $141K | $70K | 5x | |
| Kraken Futures PF_MNTUSD | +0.0591% | 1h | 0.6537 | −0.430% | $17K | $20K | 20x | as long as short |
| Backpack MNT_USDC_PERP | +0.0730% | 1h | 0.6539 | −0.402% | $38K | $48K | 10x | as long as short |
Hyperliquid MNT
BloFin MNT-USDT
Kraken Futures PF_MNTUSD
Backpack MNT_USDC_PERP