Funding arb · Price arb /

MNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.008%

Price spread now: BloFin against Gate+0.261%48s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.939% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now +0.261%, 7d avg +0.047%

Together, before fees+0.415%+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.214% dearer against Gate than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.047%. The two prices were read 48 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	Gate MNT_USDT	0.6502	0.0100	pay 0.0050% / 4h	2h 50m	$413K	$115K	25x
Short	BloFin MNT-USDT	0.6519	0.0220	get 0.0220% / 8h	2h 50m	$89K	$218K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.261%Rate

Funding earned: $25.2
Price spread: +0.261% → +0.047%: $21.42
Slippage, 4 orders: −$66.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$47.26
Costs to cover: 0.939%
Break-even: 20.1 days

Slippage from Gate: live order book, 34 min ago; BloFin: live order book, 32 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, 34 min ago	9.22 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 32 min ago	6.91 bp	18.1 bp −$18	49.7 bp −$497	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	0.6517	+0.223%	$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	0.6518	+0.245%	$783	—	150x	as long as short
Hyperliquid MNT	+0.0100%	1h	0.6528	+0.406%	$6.6M	$889K	5x	as long as short
Bybit MNTUSDT	+0.0100%	8h	0.6517	+0.231%	$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	0.6515	+0.200%	$2.5M	$583K	100x	as long as short
BingX MNT-USDT	+0.0100%	8h	0.6515	+0.200%	—	$2.5M	—	as long as short
Variational Omni MNT	+0.0100%	8h	0.6516	+0.208%	$294K	$117K	—	as long as short
ApeX Omni MNTUSDT	+0.0100%	1h	0.6513	+0.169%	$11K	$639K	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	0.6527	+0.384%	$1K	—	10x	as long as short
BloFin MNT-USDTshort	+0.0220%	8h	0.6519	+0.261%	$89K	$218K	25x
Kraken Futures PF_MNTUSD	+0.0228%	1h	0.6521	+0.288%	$17K	$20K	20x	as long as short
Lighter MNT	+0.0432%	1h	0.6533	+0.478%	$136K	$66K	5x	as long as short
Backpack MNT_USDC_PERP	+0.0664%	1h	0.6517	+0.231%	$40K	$35K	10x	as long as short