Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: ApeX Omni against Gate+0.185%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.185%, 7d avg +0.078%

Together, before fees+0.233%+$23 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: ApeX Omni is 0.107% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MNT_USDT	0.6502	0.0100	pay 0.0050% / 4h	2h 49m	$413K	$115K	25x
Short	ApeX Omni MNTUSDT	0.6514	0.0100	get 0.0013% / 1h	49m 13s	$11K	$640K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.185%Rate

Funding earned: $0
Price spread: +0.185% → +0.078%: $10.65
Slippage, 4 orders: −$64.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$79.23
Costs to cover: 0.899%
Break-even: never at this rate

Slippage from Gate: live order book, 36 min ago; ApeX Omni: live order book, 38 min ago.

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 Gate live order book, 36 min ago	9.22 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 38 min ago	7.68 bp	15.6 bp −$16	93.5 bp −$935	doesn't fit	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	0.6515	+0.197%	$19	—	100x	as long as short
Injective MNT/USDC PERP	−0.0092%	1h	0.6522	+0.308%	$3K	$171K	12x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6516	+0.215%	$782	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6525	+0.351%	$6.6M	$890K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6512	+0.157%	$43.0M	$13.6M	25x	as long as short
Gate MNT_USDTlong	+0.0100%	4h	0.6502	long leg	$413K	$115K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6513	+0.169%	$2.5M	$583K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6510	+0.123%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6516	+0.208%	$294K	$117K	—	as long as short
ApeX Omni MNTUSDTshort	+0.0100%	1h	0.6514	+0.185%	$11K	$640K	50x

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	0.6524	+0.338%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6517	+0.231%	$89K	$218K	25x	as long as short
Kraken Futures PF_MNTUSD	+0.0228%	1h	0.6522	+0.315%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0448%	1h	0.6531	+0.448%	$136K	$66K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0656%	1h	0.6517	+0.231%	$40K	$35K	10x	as long as short