Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Bybit against ApeX Omni−0.310%79s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$680.677% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.310%, 7d avg −0.024%

Together, before fees+0.125%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.286% cheaper against ApeX Omni than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.024%. The two prices were read 79 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	ApeX Omni MNTUSDT	0.6443	0.0100	pay 0.0013% / 1h	40m 10s	$11K	$638K	50x
Short	Bybit MNTUSDT	0.6423	0.0100	get 0.0100% / 8h	7h 40m	$42.3M	$15.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.310%Rate

Funding earned: $0
Price spread: −0.310% → −0.024%: −$28.62
Slippage, 4 orders: −$46.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$96.28
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 58 min ago; Bybit: live order book, 4 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, 58 min ago	8.55 bp	17.1 bp −$17	102.7 bp −$1,027	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.55 bp	13.8 bp −$14	70.1 bp −$701	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	0.6437	−0.087%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6422	−0.322%	$771	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.288%	$3K	$210K	12x	as long as short
Lighter MNT	+0.0096%	1h	0.6438	−0.084%	$146K	$88K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6431	−0.182%	$6.4M	$923K	5x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6423	−0.310%	$42.3M	$15.3M	25x
Gate MNT_USDT	+0.0100%	4h	0.6420	−0.357%	$451K	$176K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6423	−0.310%	$2.4M	$104K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6423	−0.310%	—	$2.6M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6422	−0.326%	$39K	$61K	10x	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	0.6427	−0.249%	$288K	$111K	—	as long as short
ApeX Omni MNTUSDTlong	+0.0100%	1h	0.6443	long leg	$11K	$638K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6430	−0.202%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0301%	8h	0.6428	−0.233%	$91K	$188K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.1533%	1h	0.6426	−0.257%	$16K	$40K	20x	as long as short