Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.005%

Price spread now: Gate against BloFin+0.031%108s7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1091.088% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.031%, 7d avg −0.069%

Together, before fees−0.483%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.101% dearer against BloFin than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.069%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MNT-USDT	0.6442	0.0220	pay 0.0220% / 8h	4h 29m	$90K	$213K	25x
Short	Gate MNT_USDT	0.6444	0.0100	get 0.0050% / 4h	29m 22s	$434K	$174K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$25.2
Price spread: +0.031% → −0.069%: $10.05
Slippage, 4 orders: −$81.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$123.96
Costs to cover: 1.088%
Break-even: never at this rate

Slippage from BloFin: live order book, 69 min ago; Gate: live order book, 26 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, 69 min ago	1.55 bp	19.5 bp −$19	50.0 bp −$500	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	10.85 bp	35.1 bp −$35	doesn't fit	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	0.6465	+0.355%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0566%	1h	0.6448	+0.088%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6465	+0.355%	$776	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.304%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6468	+0.400%	$6.6M	$878K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6462	+0.310%	$42.3M	$14.8M	25x	as long as short
Gate MNT_USDTshort	+0.0100%	4h	0.6444	+0.031%	$434K	$174K	25x
MEXC MNT_USDC	+0.0100%	8h	0.6453	+0.171%	$2.4M	$105K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6459	+0.264%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6452	+0.155%	$41K	$58K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6446	+0.060%	$286K	$173K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6428	−0.217%	$11K	$641K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6465	+0.357%	$1K	—	10x	as long as short
BloFin MNT-USDTlong	+0.0220%	8h	0.6442	long leg	$90K	$213K	25x
Lighter MNT	+0.0368%	1h	0.6473	+0.489%	$141K	$75K	5x	as long as short