Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against BingX−0.015%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.015%, 7d avg −0.045%

Together, before fees−0.012%−$1 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 0.029% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MNT-USDT	0.6464	0.0100	pay 0.0100% / 8h	4h 01m	—	$2.5M	—
Short	MEXC MNT_USDC	0.6463	0.0100	get 0.0100% / 8h	4h 01m	$2.4M	$107K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.045%: $2.94
Slippage, 4 orders: −$42.27
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$57.33
Costs to cover: 0.603%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 5 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, 8 min ago	2.32 bp	16.6 bp −$17	59.2 bp −$592	242.6 bp −$24.3K	799.8 bp −$399.9K
Sell MEXC live order book, 5 min ago	2.32 bp	12.0 bp −$12	61.4 bp −$614	209.6 bp −$21.0K	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	0.6467	+0.042%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0565%	1h	0.6464	−0.001%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6467	+0.050%	$777	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.959%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6477	+0.196%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6469	+0.077%	$42.4M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6446	−0.278%	$434K	$175K	25x	as long as short
MEXC MNT_USDCshort	+0.0100%	8h	0.6463	−0.015%	$2.4M	$107K	125x
BingX MNT-USDTlong	+0.0100%	8h	0.6464	long leg	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6462	−0.025%	$287K	$111K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni MNTUSDT	+0.0100%	1h	0.6466	+0.031%	$11K	$640K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6462	−0.031%	$1K	—	10x	as long as short
Backpack MNT_USDC_PERP	+0.0149%	1h	0.6464	0.000%	$40K	$55K	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6468	+0.062%	$90K	$214K	25x	as long as short
Lighter MNT	+0.0408%	1h	0.6485	+0.322%	$142K	$75K	5x	as long as short