Funding arb · Price arb /

MNT

all MNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.090%

Price spread now: Lighter against BloFin+0.285%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$820.820% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 3 days (all we have)−0.161%−$16 · spread now +0.285%, 7d avg +0.158%

Together, before fees+0.149%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.128% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MNT-USDT	0.6481	0.0220	pay 0.0220% / 8h	1h 08m	$89K	$223K	25x
Short	Lighter MNT	0.6500	0.0296	get 0.0037% / 1h	8m 46s	$140K	$70K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.285%Rate

Funding earned: $15.96
Price spread: +0.285% → +0.158%: $12.78
Slippage, 4 orders: −$70
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$53.26
Costs to cover: 0.820%
Break-even: 30.4 days

Slippage from BloFin: live order book, 2 min ago; Lighter: 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, 2 min ago	1.54 bp	21.2 bp −$21	71.9 bp −$719	doesn't fit	doesn't fit
Sell Lighter live order book, 65 min ago	9.74 bp	14.9 bp −$15	82.9 bp −$829	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	0.6482	+0.014%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0080%	1h	0.6526	+0.694%	$3K	$210K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6484	+0.044%	$778	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6497	+0.242%	$6.5M	$920K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6484	+0.048%	$42.5M	$14.1M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6461	−0.309%	$409K	$137K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6482	+0.015%	$2.5M	$596K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6481	0.000%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6489	+0.118%	$293K	$125K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6496	+0.231%	$10K	$635K	50x	as long as short

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	0.6492	+0.170%	$1K	—	10x	as long as short
BloFin MNT-USDTlong	+0.0220%	8h	0.6481	long leg	$89K	$223K	25x
Lighter MNTshort	+0.0296%	1h	0.6500	+0.285%	$140K	$70K	5x
Kraken Futures PF_MNTUSD	+0.0319%	1h	0.6499	+0.270%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0746%	1h	0.6481	0.000%	$41K	$45K	10x	as long as short