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% APRpaid last 24h −0.018%

Price spread now: BingX against Gate+0.200%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$920.921% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.200%, 7d avg +0.059%

Together, before fees+0.171%+$17 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: BingX is 0.141% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MNT_USDT	0.6492	0.0100	pay 0.0050% / 4h	11m 16s	$407K	$148K	25x
Short	BingX MNT-USDT	0.6505	0.0100	get 0.0100% / 8h	11m 16s	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.200%Rate

Funding earned: $0
Price spread: +0.200% → +0.059%: $14.09
Slippage, 4 orders: −$67.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$77.96
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from Gate: live order book, 64 min ago; BingX: live order book, 8 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, 64 min ago	11.58 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.31 bp	18.9 bp −$19	79.9 bp −$799	311.4 bp −$31.1K	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	0.6511	+0.288%	$19	—	100x	as long as short
gTrade (Gains Network) MNT/USD	L +0.0010% / S 0.0000%	1h	0.6512	+0.306%	$782	—	150x	as long as short
Injective MNT/USDC PERP	+0.0033%	1h	0.6526	+0.524%	$3K	$210K	12x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6520	+0.424%	$6.7M	$1.0M	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6509	+0.257%	$42.8M	$14.5M	25x	as long as short
Gate MNT_USDTlong	+0.0100%	4h	0.6492	long leg	$407K	$148K	25x
MEXC MNT_USDT	+0.0100%	8h	0.6507	+0.231%	$2.5M	$588K	100x	as long as short
BingX MNT-USDTshort	+0.0100%	8h	0.6505	+0.200%	—	$2.5M	—
Variational Omni MNT	+0.0100%	8h	0.6509	+0.255%	$294K	$169K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6516	+0.370%	$11K	$633K	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	0.6511	+0.293%	$1K	—	10x	as long as short
BloFin MNT-USDT	+0.0220%	8h	0.6516	+0.370%	$89K	$219K	25x	as long as short
Lighter MNT	+0.0464%	1h	0.6526	+0.527%	$140K	$71K	5x	as long as short
Kraken Futures PF_MNTUSD	+0.0648%	1h	0.6516	+0.377%	$17K	$20K	20x	as long as short
Backpack MNT_USDC_PERP	+0.0795%	1h	0.6512	+0.308%	$39K	$47K	10x	as long as short