Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against BingX+0.055%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.055%, 7d avg +0.004%

Together, before fees−0.027%−$3 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 0.052% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MNT-USDT	0.6490	0.0100	pay 0.0100% / 8h	1h 21m	—	$2.5M	—
Short	Bybit MNTUSDT	0.6494	0.0100	get 0.0100% / 8h	1h 21m	$42.6M	$14.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.004%: $5.17
Slippage, 4 orders: −$51.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$67.09
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Bybit: 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 BingX live order book, 3 min ago	2.31 bp	12.6 bp −$13	58.4 bp −$584	197.8 bp −$19.8K	826.8 bp −$413.4K
Sell Bybit live order book, 3 min ago	0.77 bp	21.0 bp −$21	93.8 bp −$938	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	0.6497	+0.114%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0080%	1h	0.6526	+0.555%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6498	+0.116%	$780	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6504	+0.210%	$6.5M	$918K	5x	as long as short
Bybit MNTUSDTshort	+0.0100%	8h	0.6494	+0.055%	$42.6M	$14.0M	25x
Gate MNT_USDT	+0.0100%	4h	0.6478	−0.185%	$423K	$125K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6492	+0.031%	$2.5M	$595K	100x	as long as short
BingX MNT-USDTlong	+0.0100%	8h	0.6490	long leg	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6486	−0.066%	$291K	$123K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6492	+0.031%	$10K	$638K	50x	as long as short

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	0.6502	+0.185%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6496	+0.092%	$89K	$223K	25x	as long as short
Lighter MNT	+0.0280%	1h	0.6514	+0.365%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0319%	1h	0.6501	+0.177%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0766%	1h	0.6494	+0.062%	$41K	$45K	10x	as long as short