Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h −0.035%

Price spread now: gTrade (Gains Network) against BloFin+0.029%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on gTrade (Gains Network)

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. gTrade (Gains Network) is 0.029% dearer against BloFin than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MNT-USDT	0.6410	0.0303	pay 0.0303% / 8h	23m 07s	$91K	$222K	25x
Short	gTrade (Gains Network) MNT/USD	0.6412	L +0.0010% / S 0.0000%	pay 0.0000% / 1h	23m 07s	$770	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.029%Rate

Funding earned: −$63.63
Price spread: +0.029% → 0.000%: $2.95
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$82.68
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 48 min ago; gTrade (Gains Network): 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 BloFin live order book, 48 min ago	3.12 bp	16.4 bp −$16	50.2 bp −$502	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.6415	+0.076%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0088%	1h	0.6428	+0.280%	$16K	$39K	20x	as long as short
gTrade (Gains Network) MNT/USDshort	L +0.0010% / S 0.0000%	1h	0.6412	+0.029%	$770	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.810%	$3K	$210K	12x	as long as short
Lighter MNT	+0.0096%	1h	0.6428	+0.284%	$146K	$90K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6423	+0.197%	$6.4M	$920K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6414	+0.062%	$42.2M	$15.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6408	−0.031%	$446K	$177K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6409	−0.016%	$2.4M	$108K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6412	+0.031%	—	$2.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6414	+0.062%	$40K	$61K	10x	as long as short
Variational Omni MNT	+0.0100%	8h	0.6407	−0.042%	$287K	$112K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6412	+0.031%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6414	+0.062%	$1K	$74	10x	as long as short
BloFin MNT-USDTlong	+0.0303%	8h	0.6410	long leg	$91K	$222K	25x