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 0.000%

Price spread now: MEXC against Bybit−0.043%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.043%, 7d avg −0.004%

Together, before fees+0.049%+$5 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: MEXC is 0.039% 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	0.6516	0.0100	pay 0.0100% / 8h	2h 31m	$43.0M	$13.5M	25x
Short	MEXC MNT_USDT	0.6513	0.0100	get 0.0100% / 8h	2h 31m	$2.5M	$584K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.004%: −$3.89
Slippage, 4 orders: −$42.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$65.76
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, just now.

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	0.77 bp	20.0 bp −$20	40.4 bp −$404	doesn't fit	doesn't fit
Sell MEXC live order book, just now	0.77 bp	11.8 bp −$12	41.1 bp −$411	103.7 bp −$10.4K	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	0.6518	+0.031%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0092%	1h	0.6522	+0.095%	$3K	$171K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6519	+0.046%	$783	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6527	+0.172%	$6.6M	$896K	5x	as long as short
Bybit MNTUSDTlong	+0.0100%	8h	0.6516	long leg	$43.0M	$13.5M	25x
Gate MNT_USDT	+0.0100%	4h	0.6502	−0.212%	$413K	$115K	25x	as long as short
MEXC MNT_USDTshort	+0.0100%	8h	0.6513	−0.043%	$2.5M	$584K	100x
BingX MNT-USDT	+0.0100%	8h	0.6515	−0.012%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6508	−0.123%	$293K	$117K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6520	+0.064%	$11K	$640K	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	0.6527	+0.172%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6516	+0.003%	$89K	$218K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0228%	1h	0.6519	+0.053%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0632%	1h	0.6534	+0.276%	$140K	$70K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0640%	1h	0.6517	+0.018%	$40K	$35K	10x	as long as short