# MNT Funding Rate on Backpack

As of 2026-10-03 08:12 UTC, the MNT perpetual on Backpack pays 0.0010% per 1h, 0.0076% per 8 hours (8.35% APR), so longs pay shorts. That is the 7th highest of 12 exchanges shown, against a volume-weighted average of -0.0181% per 8 hours (-19.80% APR). Over the last 7 days Backpack averaged -0.0440% per 8 hours (-48.13% APR). The next funding is at 2026-10-03 09:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Kraken](https://arbtide.com/funding-rates/mnt/kraken) | [MNT/USD:USD](https://pro.kraken.com/app/trade/futures-mnt-usd-perp) | 0.0055% | 1h | 48.59% | — |
| [XT.COM](https://arbtide.com/funding-rates/mnt/xt) | [MNT/USDT:USDT](https://www.xt.com/en/futures/trade/mnt_usdt) | 0.0224% | 8h | 24.53% | 2026-10-03 16:00 UTC |
| [Gate](https://arbtide.com/funding-rates/mnt/gate) | [MNT/USDT:USDT](https://www.gate.com/futures/USDT/MNT_USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 12:00 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/mnt/hyperliquid) | [MNT/USDC:USDC](https://app.hyperliquid.xyz/trade/MNT) | 0.0013% | 1h | 10.95% | 2026-10-03 09:00 UTC |
| [WOOFi Pro](https://arbtide.com/funding-rates/mnt/woofipro) | [MNT/USDC:USDC](https://pro.woofi.com/en/trade/MNT_PERP) | 0.0100% | 8h | 10.95% | 2026-10-03 16:00 UTC |
| [Lighter](https://arbtide.com/funding-rates/mnt/lighter) | [MNT/USDC:USDC](https://app.lighter.xyz/trade/MNT) | 0.0096% | 8h | 10.51% | — |
| [Backpack](https://arbtide.com/funding-rates/mnt/backpack) | [MNT/USDC:USDC](https://backpack.exchange/trade/MNT_USDC_PERP) | 0.0010% | 1h | 8.35% | 2026-10-03 09:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/mnt/weex) | [MNT/USDT:USDT](https://www.weex.com/futures/MNT-USDT) | 0.0018% | 8h | 1.97% | 2026-10-03 08:12 UTC |
| [BingX](https://arbtide.com/funding-rates/mnt/bingx) | [MNT/USDT:USDT](https://bingx.com/en/perpetual/MNT-USDT) | -0.0252% | 8h | -27.62% | — |
| [Bybit](https://arbtide.com/funding-rates/mnt/bybit) | [MNT/USDT:USDT](https://www.bybit.com/trade/usdt/MNTUSDT) | -0.0284% | 8h | -31.12% | 2026-10-03 16:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/mnt/mexc) | [MNT/USDT:USDT](https://www.mexc.com/futures/MNT_USDT) | -0.0302% | 8h | -33.07% | 2026-10-03 16:00 UTC |
| [LBank](https://arbtide.com/funding-rates/mnt/lbank) | [MNT/USDT:USDT](https://www.lbank.com/futures/mntusdt) | -0.0303% | 8h | -33.14% | 2026-10-03 16:00 UTC |

## Frequently asked questions

### What is the MNT funding rate on Backpack?

0.0010% per 1h, or 0.0076% per 8 hours (8.35% APR), so longs pay shorts. The 7-day average is -0.0440% per 8 hours (-48.13% APR).

### How often does Backpack pay MNT funding?

Every hour. The next payment is at 2026-10-03 09:00 UTC.

### Is MNT funding on Backpack higher than on other exchanges?

Backpack is the 7th highest of 12 exchanges shown. The highest is XT.COM at 0.0224% per 8h (24.53% APR) and the lowest is LBank at -0.0303% per 8h (-33.14% APR).

### How do you arbitrage MNT funding with Backpack?

Long MNT on LBank and short on Backpack for a gross spread of 0.0379% per 8 hours (41.49% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.