Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.095%

Price spread now: Kraken Futures against BloFin−0.111%57s7-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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Kraken Futures is 0.111% cheaper against BloFin than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 24 hours of funding at the current rate (+$11 a day). The two prices were read 57 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	0.6537	0.0220	pay 0.0220% / 8h	7h 37m	$89K	$219K	25x
Short	Kraken Futures PF_MNTUSD	0.6530	0.0592	get 0.0074% / 1h	37m 31s	$17K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Kraken FuturesbpOrdersPrice spread, now −0.111%Rate

Funding earned: $78.12
Price spread: −0.111% → 0.000%: −$11.14
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $44.99
Costs to cover: 0.220%
Break-even: 3.0 days

Slippage unknown: BloFin: live order book, 28 min ago; Kraken Futures: 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, 28 min ago	0.77 bp	19.4 bp −$19	34.5 bp −$345	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	0.6534	−0.051%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6537	−0.004%	$785	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	−0.168%	$3K	$210K	12x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6533	−0.061%	$43.0M	$14.4M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6516	−0.321%	$423K	$155K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6535	−0.031%	$2.5M	$587K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6529	−0.122%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6541	+0.061%	$296K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6545	+0.122%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6539	+0.031%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MNT	+0.0180%	1h	0.6546	+0.133%	$6.7M	$994K	5x	as long as short
BloFin MNT-USDTlong	+0.0220%	8h	0.6537	long leg	$89K	$219K	25x
Lighter MNT	+0.0504%	1h	0.6552	+0.225%	$141K	$70K	5x	as long as short
Kraken Futures PF_MNTUSDshort	+0.0592%	1h	0.6530	−0.111%	$17K	$20K	20x
Backpack MNT_USDC_PERP	+0.0767%	1h	0.6531	−0.092%	$38K	$48K	10x	as long as short