Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.065%

Price spread now: GMX against BingX+0.074%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.074% dearer against BingX than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MNT-USDT	0.6510	0.0100	pay 0.0100% / 8h	2h 49m	—	$2.5M	—
Short	GMX MNT/USD [ETH-USDC]	0.6515	L −0.2622% / S +0.0192%	pay 0.0024% / 1h	49m 16s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$61.26
Price spread: +0.074% → 0.000%: $7.43
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$75.82
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 15 min ago; GMX: no order-book sample. Net counts fees only.

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, 15 min ago	1.53 bp	17.7 bp −$18	34.7 bp −$347	196.6 bp −$19.7K	794.6 bp −$397.3K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −0.2622% / S +0.0192%	1h	0.6515	+0.074%	$19	—	100x
Injective MNT/USDC PERP	−0.0092%	1h	0.6522	+0.184%	$3K	$171K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6516	+0.092%	$782	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6525	+0.227%	$6.6M	$890K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6512	+0.034%	$43.0M	$13.6M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6502	−0.123%	$413K	$115K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6513	+0.046%	$2.5M	$583K	100x	as long as short
BingX MNT-USDTlong	+0.0100%	8h	0.6510	long leg	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6516	+0.085%	$294K	$117K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6514	+0.061%	$11K	$640K	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	0.6524	+0.215%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6517	+0.108%	$89K	$218K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0228%	1h	0.6522	+0.191%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0448%	1h	0.6531	+0.324%	$136K	$66K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0656%	1h	0.6517	+0.108%	$40K	$35K	10x	as long as short