MNT Futures Term Structure & Annualized Basis

Q: Is MNT's futures curve in contango or backwardation?

The summary at the top says which, from the live prices: contango when every MNT dated contract trades above its index, backwardation when every one trades below, mixed otherwise. Contracts under 2 days from expiry are left out of that call.

MNT Futures Term Structure

Every MNT dated futures contract on Binance and Bybit: days to expiry, mark and index price, basis (mark / index − 1) and annualized basis (basis × 365 / days), plotted as MNT's term structure curve with the perpetual funding rate as the 0-day point. Live from the exchanges' public APIs, refreshed every minute.

MNT's futures curve is mixed (some expiries above the index, some below): annualized basis runs from +0.00% on Bybit MNTUSDT-02OCT26 (2 Oct 2026, 3.8 days) to +6.13% on Bybit MNTUSDT-30OCT26 (30 Oct 2026, 32 days). The best cash-and-carry right now is Bybit MNTUSDT-30OCT26 (30 Oct 2026, 32 days): buy spot, sell that future and hold to expiry for about +6.13% a year (+0.534% over 32 days), before fees and the cost of funding the spot leg. Perpetual funding, the 0-day point, runs at +10.95% APR on Bybit.

4 dated contractsSource: Bybit public APIsAs of 13:23 UTC

MNT futures curve

annualized basis by days to expiry · contracts under 2 days left out

Bybit USDⓈ-margined
Perp funding APR (0 days)

Every MNT dated contract

nearest expiry first

Contract	Exchange	Margin	Expiry (UTC)	Days	Mark	Index	Basis	Annualized	Open interest	24h volume
MNTUSDT perp	Bybit	USDⓈ	no expiry	0	—	—	—	+10.95% funding APR	—	—
MNTUSDT-02OCT26 weekly	Bybit	USDⓈ	2 Oct 2026	3.8	0.6746	0.6746	+0.000%	+0.00%	$4,574	$49
MNTUSDT-09OCT26 weekly	Bybit	USDⓈ	9 Oct 2026	11	0.6755	0.6746	+0.133%	+4.52%	$21K	$8,887
MNTUSDT-16OCT26 weekly	Bybit	USDⓈ	16 Oct 2026	18	0.6763	0.6746	+0.252%	+5.17%	$25K	$15K
MNTUSDT-30OCT26 monthly	Bybit	USDⓈ	30 Oct 2026	32	0.6782	0.6746	+0.534%	+6.13%	$25K	$491

How to read it. Basis is the contract's mark price over its exchange's index price, minus one; annualized scales it to a yearly rate, basis × 365 / days to expiry (simple, not compounded). Above zero the future trades at a premium (contango) and selling it against spot earns roughly that yield to expiry, before fees and the cost of funding the spot leg (a cash-and-carry). Below zero it trades at a discount (backwardation). The perp rows give the perpetual funding rate as an APR, the curve's 0-day point. Contracts under 2 days from expiry are flagged: annualizing a few hours of premium gives huge, meaningless numbers.

Compare every coin on the futures term structure table, the live MNT perp-vs-spot basis or MNT price, funding and open interest. Live from Binance's and Bybit's public APIs, refreshed every minute while the page is viewed; nothing is stored. Not financial advice.

MNT term structure FAQ

Is MNT's futures curve in contango or backwardation?

The summary at the top says which, from the live prices: contango when every MNT dated contract trades above its index, backwardation when every one trades below, mixed otherwise. Contracts under 2 days from expiry are left out of that call.

What is the MNT cash-and-carry yield?

Buying MNT spot and selling a dated future locks in the future's premium over the index at expiry. The annualized basis column is that premium as a simple yearly rate; fees and the cost of funding the spot leg come out of it. Nothing here is financial advice.

Why do Binance and Bybit show different basis for the same expiry?

Each contract is compared with its own exchange's index price, and coin-margined (inverse) contracts are quoted and settled differently from USDⓈ-margined ones, so the same expiry can trade a few basis points apart. The gap is usually small; a large one can be an arbitrage or a thin order book.