Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Bybit+0.034%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

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 pays, funding is against you. gTrade (Gains Network) is 0.034% dearer against Bybit than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MNTUSDT	0.6519	0.0100	pay 0.0100% / 8h	7h 12m	$43.0M	$14.4M	25x
Short	gTrade (Gains Network) MNT/USD	0.6521	L +0.0010% / S 0.0000%	pay 0.0000% / 1h	12m 33s	$783	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.034%Rate

Funding earned: −$21.1
Price spread: +0.034% → 0.000%: $3.36
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$38.74
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; gTrade (Gains Network): 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 Bybit live order book, 1 min ago	0.77 bp	18.3 bp −$18	82.4 bp −$824	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.6521	+0.027%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USDshort	L +0.0010% / S 0.0000%	1h	0.6521	+0.034%	$783	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.107%	$3K	$210K	12x	as long as short
Bybit MNTUSDTlong	+0.0100%	8h	0.6519	long leg	$43.0M	$14.4M	25x
Gate MNT_USDT	+0.0100%	4h	0.6503	−0.245%	$422K	$158K	25x	as long as short
MEXC MNT_USDT	+0.0100%	8h	0.6518	−0.015%	$2.5M	$593K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6517	−0.031%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6531	+0.184%	$295K	$168K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6531	+0.184%	$11K	$636K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6530	+0.169%	$1K	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MNT-USDT	+0.0220%	8h	0.6518	−0.015%	$89K	$225K	25x	as long as short
Hyperliquid MNT	+0.0243%	1h	0.6531	+0.178%	$6.7M	$981K	5x	as long as short
Lighter MNT	+0.0576%	1h	0.6539	+0.304%	$140K	$70K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0591%	1h	0.6545	+0.401%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0693%	1h	0.6518	−0.015%	$38K	$47K	10x	as long as short