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: MEXC against ApeX Omni+0.046%96s7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$480.477% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.225%−$22 · spread now +0.046%, 7d avg −0.055%

Together, before fees−0.240%−$24 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: MEXC is 0.102% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.055%. 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	ApeX Omni MNTUSDT	0.6483	0.0100	pay 0.0013% / 1h	13m 50s	$11K	$643K	50x
Short	MEXC MNT_USDC	0.6486	0.0100	get 0.0100% / 8h	7h 13m	$2.4M	$107K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.055%: $10.16
Slippage, 4 orders: −$29.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$37.5
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 19 min ago; MEXC: live order book, 3 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, 19 min ago	5.47 bp	13.8 bp −$14	103.4 bp −$1,034	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.54 bp	10.7 bp −$11	59.7 bp −$597	205.5 bp −$20.6K	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	0.6484	+0.017%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6487	+0.058%	$780	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.663%	$3K	$210K	12x	as long as short
Lighter MNT	+0.0096%	1h	0.6494	+0.176%	$146K	$90K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6489	+0.097%	$6.5M	$921K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6481	−0.039%	$42.9M	$15.0M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6485	+0.031%	$455K	$177K	25x	as long as short
MEXC MNT_USDCshort	+0.0100%	8h	0.6486	+0.046%	$2.4M	$107K	125x
BingX MNT-USDT	+0.0100%	8h	0.6480	−0.046%	—	$2.6M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6485	+0.031%	$37K	$63K	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	0.6486	+0.039%	$290K	$110K	—	as long as short
ApeX Omni MNTUSDTlong	+0.0100%	1h	0.6483	long leg	$11K	$643K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6494	+0.170%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0305%	8h	0.6482	−0.015%	$91K	$161K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.1519%	1h	0.6489	+0.093%	$16K	$40K	20x	as long as short