Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BloFin−0.077%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$650.655% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now −0.077%, 7d avg +0.026%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.102% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MNT-USDT	0.6529	0.0220	pay 0.0220% / 8h	2h 23m	$89K	$218K	25x
Short	ApeX Omni MNTUSDT	0.6524	0.0100	get 0.0013% / 1h	23m 03s	$11K	$640K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.077%Rate

Funding earned: −$25.2
Price spread: −0.077% → +0.026%: −$10.22
Slippage, 4 orders: −$43.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$100.9
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from BloFin: live order book, 59 min ago; ApeX Omni: live order book, 65 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 BloFin live order book, 59 min ago	6.91 bp	16.6 bp −$17	31.0 bp −$310	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	7.68 bp	15.6 bp −$16	93.5 bp −$935	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	0.6533	+0.058%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0092%	1h	0.6526	−0.046%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6534	+0.080%	$785	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6543	+0.208%	$6.6M	$896K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6531	+0.025%	$43.1M	$13.6M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6509	−0.306%	$414K	$115K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6530	+0.015%	$2.5M	$585K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6530	+0.015%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6526	−0.042%	$294K	$117K	—	as long as short
ApeX Omni MNTUSDTshort	+0.0100%	1h	0.6524	−0.077%	$11K	$640K	50x

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	0.6532	+0.046%	$1K	—	10x	as long as short
BloFin MNT-USDTlong	+0.0220%	8h	0.6529	long leg	$89K	$218K	25x
Kraken Futures PF_MNTUSD	+0.0227%	1h	0.6535	+0.094%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0632%	1h	0.6549	+0.302%	$140K	$70K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0689%	1h	0.6531	+0.031%	$40K	$34K	10x	as long as short