Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.002%

Price spread now: BloFin against ApeX Omni−0.231%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.348%+$35 · spread now −0.231%, 7d avg −0.025%

Together, before fees+0.321%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.205% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.025%). If the spread goes back, that is −$21 on $10k: about 5.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MNTUSDT	0.6496	0.0100	pay 0.0013% / 1h	8m 44s	$10K	$635K	50x
Short	BloFin MNT-USDT	0.6481	0.0220	get 0.0220% / 8h	1h 08m	$89K	$223K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now −0.231%Rate

Funding earned: $25.2
Price spread: −0.231% → −0.025%: −$20.54
Slippage, 4 orders: −$39.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$56.55
Costs to cover: 0.612%
Break-even: 22.7 days

Slippage from ApeX Omni: live order book, 9 min ago; BloFin: live order book, 2 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 ApeX Omni live order book, 9 min ago	4.62 bp	12.3 bp −$12	97.4 bp −$974	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.54 bp	15.8 bp −$16	58.7 bp −$587	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	0.6482	−0.217%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0080%	1h	0.6526	+0.462%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6484	−0.187%	$778	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6497	+0.011%	$6.5M	$920K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6485	−0.169%	$42.5M	$14.1M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6461	−0.539%	$408K	$137K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6483	−0.200%	$2.5M	$596K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6479	−0.262%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6489	−0.114%	$293K	$125K	—	as long as short
ApeX Omni MNTUSDTlong	+0.0100%	1h	0.6496	long leg	$10K	$635K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6492	−0.062%	$1K	—	10x	as long as short
BloFin MNT-USDTshort	+0.0220%	8h	0.6481	−0.231%	$89K	$223K	25x
Lighter MNT	+0.0296%	1h	0.6504	+0.122%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0319%	1h	0.6499	+0.039%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0746%	1h	0.6481	−0.231%	$41K	$45K	10x	as long as short