Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h −0.089%

Price spread now: GMX against BloFin−0.015%111s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on GMX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 111 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	0.6469	0.0220	pay 0.0220% / 8h	3h 57m	$90K	$214K	25x
Short	GMX MNT/USD [ETH-USDC]	0.6468	L −0.2622% / S +0.0192%	pay 0.0024% / 1h	57m 25s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$86.46
Price spread: −0.015% → 0.000%: −$1.45
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$111.91
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 33 min ago; GMX: 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, 33 min ago	1.55 bp	15.9 bp −$16	54.5 bp −$545	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.2622% / S +0.0192%	1h	0.6468	−0.015%	$19	—	100x
Kraken Futures PF_MNTUSD	−0.0739%	1h	0.6467	−0.038%	$17K	$34K	20x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6468	−0.016%	$777	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.881%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6479	+0.155%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6467	−0.031%	$42.4M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6448	−0.325%	$434K	$169K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6465	−0.062%	$2.4M	$104K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6466	−0.046%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6466	−0.041%	$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	0.6467	−0.031%	$11K	$639K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6469	0.000%	$1K	—	10x	as long as short
BloFin MNT-USDTlong	+0.0220%	8h	0.6469	long leg	$90K	$214K	25x
Lighter MNT	+0.0480%	1h	0.6487	+0.280%	$142K	$74K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0715%	1h	0.6469	0.000%	$39K	$55K	10x	as long as short