Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: BingX against Bybit−0.046%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$900.900% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.046%, 7d avg −0.004%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.042% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MNTUSDT	0.6502	0.0100	pay 0.0100% / 8h	31m 26s	$42.8M	$14.5M	25x
Short	BingX MNT-USDT	0.6499	0.0100	get 0.0100% / 8h	31m 26s	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.004%: −$4.22
Slippage, 4 orders: −$68.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.18
Costs to cover: 0.900%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 3 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 Bybit live order book, 2 min ago	1.54 bp	31.7 bp −$32	95.5 bp −$955	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	1.54 bp	19.6 bp −$20	85.4 bp −$854	285.1 bp −$28.5K	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	0.6503	+0.019%	$19	—	100x	as long as short
ApeX Omni MNTUSDT	+0.0007%	1h	0.6501	−0.015%	$10K	$630K	50x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6503	+0.017%	$781	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.369%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6514	+0.186%	$6.6M	$954K	5x	as long as short
Bybit MNTUSDTlong	+0.0100%	8h	0.6502	long leg	$42.8M	$14.5M	25x
Gate MNT_USDT	+0.0100%	4h	0.6477	−0.384%	$405K	$148K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6499	−0.046%	$2.5M	$586K	100x	as long as short
BingX MNT-USDTshort	+0.0100%	8h	0.6499	−0.046%	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6519	+0.265%	$296K	$169K	—	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	0.6508	+0.092%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6494	−0.123%	$89K	$218K	25x	as long as short
Lighter MNT	+0.0448%	1h	0.6520	+0.274%	$142K	$69K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0648%	1h	0.6511	+0.139%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0839%	1h	0.6502	0.000%	$40K	$46K	10x	as long as short