Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.071%

Price spread now: BloFin against gTrade (Gains Network)−0.097%70s7-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 BloFin

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

Funding pays, the price is against you. BloFin is 0.097% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 26 hours of funding at the current rate (+$9 a day). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) MNT/USD	0.6424	L +0.0010% / S 0.0000%	pay 0.0001% / 1h	52m 49s	$771	—	150x
Short	BloFin MNT-USDT	0.6418	0.0302	get 0.0302% / 8h	7h 52m	$91K	$187K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.097%Rate

Funding earned: $61.34
Price spread: −0.097% → 0.000%: −$9.65
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $29.69
Costs to cover: 0.220%
Break-even: 3.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 13 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 BloFin live order book, 13 min ago	1.56 bp	16.9 bp −$17	62.6 bp −$626	doesn't fit	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	0.6424	0.000%	$19	—	100x	as long as short
ApeX Omni MNTUSDT	−0.0196%	1h	0.6409	−0.237%	$11K	$637K	50x	as long as short
gTrade (Gains Network) MNT/USDlong	L +0.0010% / S 0.0000%	1h	0.6424	long leg	$771	—	150x
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+1.585%	$3K	$210K	12x	as long as short
Lighter MNT	+0.0096%	1h	0.6439	+0.233%	$146K	$88K	5x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6431	+0.104%	$6.4M	$921K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6425	+0.012%	$42.3M	$15.2M	25x	as long as short
Gate MNT_USDT	+0.0100%	4h	0.6419	−0.081%	$451K	$176K	25x	as long as short
MEXC MNT_USDC	+0.0100%	8h	0.6423	−0.019%	$2.4M	$103K	125x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6425	+0.012%	—	$2.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack MNT_USDC_PERP	+0.0100%	1h	0.6423	−0.019%	$40K	$61K	10x	as long as short
Variational Omni MNT	+0.0100%	8h	0.6422	−0.027%	$287K	$112K	—	as long as short
Orderly PERP_MNT_USDC	+0.0100%	8h	0.6432	+0.121%	$1K	$74	10x	as long as short
BloFin MNT-USDTshort	+0.0302%	8h	0.6418	−0.097%	$91K	$187K	25x
Kraken Futures PF_MNTUSD	+0.1534%	1h	0.6426	+0.024%	$16K	$40K	20x	as long as short