Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0696%/8h= +76.2% APRpaid last 24h +0.125%

Price spread now: Kraken Futures against Bybit+0.050%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 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

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.050% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MNTUSDT	0.6380	0.0100	pay 0.0100% / 8h	1h 34m	$41.8M	$15.2M	25x
Short	Kraken Futures PF_MNTUSD	0.6383	0.0796	get 0.0100% / 1h	34m 55s	$16K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.050%Rate

Funding earned: $146.21
Price spread: +0.050% → 0.000%: $5.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $130.25
Costs to cover: 0.210%
Break-even: 0.8 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.78 bp	24.6 bp −$25	103.7 bp −$1,037	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	0.6385	+0.077%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6384	+0.073%	$767	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+2.292%	$3K	$210K	12x	as long as short
Lighter MNT	+0.0096%	1h	0.6398	+0.292%	$146K	$90K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6390	+0.155%	$6.4M	$919K	5x	as long as short
Bybit MNTUSDTlong	+0.0100%	8h	0.6380	long leg	$41.8M	$15.2M	25x
Gate MNT_USDT	+0.0100%	4h	0.6380	+0.003%	$443K	$184K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6379	−0.013%	$2.4M	$106K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6379	−0.013%	—	$2.5M	—	as long as short
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6381	+0.019%	$40K	$61K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MNT	+0.0100%	8h	0.6378	−0.022%	$283K	$109K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6382	+0.034%	$10K	$639K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6395	+0.238%	$1K	$74	10x	as long as short
BloFin MNT-USDT	+0.0124%	8h	0.6377	−0.044%	$90K	$222K	25x	as long as short
Kraken Futures PF_MNTUSDshort	+0.0796%	1h	0.6383	+0.050%	$16K	$39K	20x