Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against BingX+0.139%83s7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as 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−$640.637% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.139%, 7d avg +0.036%

Together, before fees−0.085%−$8 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: ApeX Omni is 0.103% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.036%. The two prices were read 83 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	BingX MNT-USDT	0.6488	0.0100	pay 0.0100% / 8h	3h 12m	—	$2.5M	—
Short	ApeX Omni MNTUSDT	0.6497	0.0100	get 0.0013% / 1h	12m 01s	$11K	$641K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.036%: $10.3
Slippage, 4 orders: −$43.67
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$53.37
Costs to cover: 0.637%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; ApeX Omni: live order book, 41 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 BingX live order book, 7 min ago	1.54 bp	15.8 bp −$16	74.8 bp −$748	270.7 bp −$27.1K	doesn't fit
Sell ApeX Omni live order book, 41 min ago	5.39 bp	14.6 bp −$15	109.4 bp −$1,094	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	0.6490	+0.023%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0734%	1h	0.6509	+0.324%	$16K	$39K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6490	+0.027%	$779	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.586%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6498	+0.157%	$6.7M	$761K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6488	−0.005%	$42.8M	$14.6M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6481	−0.108%	$438K	$176K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6486	−0.031%	$2.4M	$106K	125x	as long as short
BingX MNT-USDTlong	+0.0100%	8h	0.6488	long leg	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6495	+0.106%	$288K	$110K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDTshort	+0.0100%	1h	0.6497	+0.139%	$11K	$641K	50x
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6494	+0.092%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6489	+0.015%	$90K	$215K	25x	as long as short
Lighter MNT	+0.0456%	1h	0.6508	+0.305%	$148K	$84K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0509%	1h	0.6488	0.000%	$36K	$57K	10x	as long as short