Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.111%

Price spread now: Kraken Futures against BingX+0.211%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.211% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MNT-USDT	0.6418	0.0100	pay 0.0100% / 8h	6h 50m	—	$2.5M	—
Short	Kraken Futures PF_MNTUSD	0.6432	0.0384	get 0.0048% / 1h	50m 36s	$16K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.211%Rate

Funding earned: $59.56
Price spread: +0.211% → 0.000%: $21.13
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $60.69
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: live order book, 13 min ago; Kraken Futures: 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, 13 min ago	1.54 bp	19.8 bp −$20	88.1 bp −$881	262.9 bp −$26.3K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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]	L −0.2622% / S +0.0192%	1h	0.6423	+0.081%	$19	—	100x	as long as short
ApeX Omni MNTUSDT	−0.1009%	1h	0.6423	+0.078%	$11K	$637K	50x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S −0.0008%	1h	0.6423	+0.079%	$12K	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.683%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6434	+0.252%	$6.6M	$940K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6423	+0.078%	$42.2M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6404	−0.218%	$412K	$162K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6421	+0.047%	$2.4M	$102K	125x	as long as short
BingX MNT-USDTlong	+0.0100%	8h	0.6418	long leg	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6416	−0.031%	$285K	$173K	—	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	0.6433	+0.234%	$1K	—	10x	as long as short
Backpack MNT_USDC_PERP	+0.0160%	1h	0.6417	−0.016%	$40K	$49K	10x	as long as short
Lighter MNT	+0.0192%	1h	0.6443	+0.391%	$138K	$71K	5x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6414	−0.062%	$90K	$218K	25x	as long as short
Kraken Futures PF_MNTUSDshort	+0.0384%	1h	0.6432	+0.211%	$16K	$20K	20x