Settings8H · net · $10k
Funding arb · Price arb /

MNT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.052%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.157%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.157% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) MNT/USD0.6503L +0.0010% / S 0.0000%pay 0.0001% / 1h32m 08s$781150x
ShortHyperliquid MNT0.65130.0100get 0.0013% / 1h32m 08s$6.6M$952K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$18.91
Price spread: +0.157% → 0.000%
$15.72
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$15.63
Costs to cover
0.190%
Break-even
1.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Hyperliquid live order book, 10 min ago0.76 bp19.4 bp −$19doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MNT/USD [ETH-USDC]L −0.2622% / S +0.0192%1h0.6503+0.002%$19100xas long as short
gTrade (Gains Network) MNT/USDlongL +0.0010% / S 0.0000%1h0.6503long leg$781150x
Injective MNT/USDC PERP+0.0033%1h0.6526+0.352%$3K$210K12xas long as short
Hyperliquid MNTshort+0.0100%1h0.6513+0.157%$6.6M$952K5x
Bybit MNTUSDT+0.0100%8h0.6501−0.032%$42.8M$14.5M25xas long as short
Gate MNT_USDT+0.0100%4h0.6475−0.432%$405K$148K25xas long as short
MEXC MNT_USDT+0.0100%8h0.6497−0.093%$2.5M$586K100xas long as short
BingX MNT-USDT+0.0100%8h0.6499−0.063%$2.5Mas long as short
Variational Omni MNT+0.0100%8h0.6519+0.249%$296K$169Kas long as short
ApeX Omni MNTUSDT+0.0100%1h0.6516+0.199%$11K$630K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_MNT_USDC+0.0100%8h0.6508+0.076%$1K10xas long as short
BloFin MNT-USDT+0.0220%8h0.6494−0.140%$89K$218K25xas long as short
Lighter MNT+0.0440%1h0.6520+0.260%$142K$69K5xas long as short
Kraken Futures PF_MNTUSD+0.0648%1h0.6511+0.123%$17K$20K20xas long as short
Backpack MNT_USDC_PERP+0.0839%1h0.6502−0.017%$40K$46K10xas long as short