Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.009%

Price spread now: BingX against gTrade (Gains Network)−0.067%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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

Funding pays, the price is against you. BingX is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MNT/USD	0.6459	L +0.0010% / S 0.0000%	pay 0.0001% / 1h	50m 06s	$776	—	150x
Short	BingX MNT-USDT	0.6455	0.0100	get 0.0100% / 8h	4h 50m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $18.91
Price spread: −0.067% → 0.000%: −$6.69
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$7.77
Costs to cover: 0.200%
Break-even: 9.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 14 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 14 min ago	2.32 bp	20.0 bp −$20	85.9 bp −$859	320.9 bp −$32.1K	doesn't fit

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	0.6458	−0.018%	$19	—	100x	as long as short
Kraken Futures PF_MNTUSD	−0.0566%	1h	0.6454	−0.086%	$16K	$28K	20x	as long as short
gTrade (Gains Network) MNT/USDlong	L +0.0010% / S 0.0000%	1h	0.6459	long leg	$776	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.032%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6467	+0.117%	$6.6M	$879K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6451	−0.124%	$42.3M	$14.7M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6450	−0.144%	$432K	$173K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6456	−0.051%	$2.4M	$104K	125x	as long as short
BingX MNT-USDTshort	+0.0100%	8h	0.6455	−0.067%	—	$2.5M	—
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6457	−0.036%	$41K	$57K	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	0.6453	−0.092%	$286K	$173K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6468	+0.134%	$11K	$645K	50x	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6459	−0.005%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6459	−0.005%	$90K	$212K	25x	as long as short
Lighter MNT	+0.0440%	1h	0.6474	+0.233%	$141K	$75K	5x	as long as short